Please find enclosed ASC Report for the year ending 31-03-2026.
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Hira Automobiles Limited has filed its Annual Secretarial Compliance Report for FY 2025-26, reviewed by Practising Company Secretary Ravinder Kumar. The report identifies three key non-compliances: (1) Public shareholding at just 4.28% against the mandated 25% minimum, attracting a cumulative fine of Rs.43.07 lakhs from BSE for failure to meet Minimum Public Shareholding (MPS) requirements across four quarters; (2) Promoter dematerialization at only 43.55% against the required 100%, with BSE having frozen promoter shares from being converted to demat mode; and (3) late submission of financial results for Q2 (September 2025), fined Rs.59,000. A previous year fine of Rs.14 lakhs was also noted as paid. The company has no subsidiaries. SEBI has restrained promoters from dealing in securities or taking director positions in other listed entities until MPS is achieved.
The company faces ongoing regulatory pressure due to critically low public shareholding (4.28% vs 25% required), resulting in recurring quarterly fines. Promoter share transfer restrictions and trading curbs could limit stock liquidity and investor confidence.