Quarterly compliance report on minimum public shareholding norms
Price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Awaiting price reaction for this filing.
Hira Automobiles filed its quarterly compliance report under SEBI's 2013 order on minimum public shareholding. The company has been pursuing delisting since 2013, when the promoter offered to buy out the remaining ~4.28% public shareholding. After in-principal approvals from stock exchanges in 2014 and failure to secure shareholder consent, SEBI imposed a Rs. 14 lakh penalty in April 2024 for non-filing of quarterly reports. The company is now seeking fresh SEBI directions to complete the compliance.
Routine compliance update with no new material event. Delisting remains unresolved after 12+ years; further regulatory action is possible.