Please find enclosed the above compliance report for quarter ending on 31.12.2025
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Hira Automobiles has filed its quarterly compliance report for the quarter ending December 31, 2025, as required under a SEBI order related to minimum public shareholding (MPS) norms. The filing provides a chronological status of the company's long-pending delisting process that began in May 2013, when its Chairman, Rahul Inder Singh Sidhu, proposed acquiring the remaining 4.28% public shareholding. Over the years, the company received in-principle approvals from BSE, Ahmedabad, Delhi, and Ludhiana Stock Exchanges (Feb-March 2014), but failed to get shareholder consent by August 2014, stalling the process. SEBI imposed a Rs. 14 lakh penalty in April 2024 for non-filing of earlier quarterly reports, which the company has since deposited. The company now states it is in the process of filing a fresh application with SEBI seeking directions to enable the promoters to comply with MPS norms and complete the delisting.
This is largely a routine compliance filing, but it underscores that the delisting of Hira Automobiles has been pending for over 12 years with no resolution. Shareholders remain stuck with illiquid shares, and there is no near-term clarity on whether the promoter will successfully buy out the remaining public shareholders or if the company will continue trading on BSE.