Please find enclosed ASCR for the year ended 31-032025
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Awaiting price reaction for this filing.
Hira Automobiles filed its Annual Secretarial Compliance Report for FY2024-25, which flags two ongoing non-compliances. First, the company's public shareholding stands at only 04.28% as on 31-Mar-2025, well below the mandatory 25% minimum public shareholding (MPS) required under SEBI (LODR) Regulation 38. Second, only 43.55% of promoter/promoter group shares are held in dematerialized form, against the 100% requirement under Regulation 31(2). SEBI had already imposed a Rs. 14 lakh penalty in April 2024 for non-filing of quarterly reports, and promoters remain restrained from dealing in the company's securities or taking directorship in other listed firms until MPS is achieved. BSE has further imposed cumulative fines of Rs. 43.07 lakh during FY25 for continued MPS non-compliance across four quarters.
This is negative for shareholders: the company faces recurring regulatory penalties (over Rs. 57 lakh in fines/penalties during FY25), promoters are barred from trading in the stock, and the chronically low public float raises concerns about liquidity and continued listing compliance. Investors should expect ongoing scrutiny and potential further penalties until MPS is restored to 25%.