Heera Ispat Ltd

Director cessation

• Himanshi Jadeja, Director, ceased Sep 30, 2026 after AGM due to non-reappointment after retirement by rotation.

AGM Details

• Date and time: Sept 30, 2026, at 10:00 AM.
• Mode: Physical AGM with remote e-voting facility.
• Venue: FF 108-109, Kamal Complex, Navrangpura, Ahmedabad.
• Remote e-voting window: Sept 26, 2026, 9:00 AM to Sept 29, 2026, 5:00 PM.
• Quorum: 25 members present.
• Meeting duration: 10:00 AM to 10:25 AM.

Key Resolutions

• Adopt audited financial statements for FY 2025-26.
• Ratify statutory auditors and approve remuneration.
• Retirement by rotation of Mrs. Himanshi Jadeja; not seeking re-appointment.
• Regularize Harshvardhan Katariya as Managing Director and Chairman.
• Regularize Rajesh Sutaria as Non-Executive Independent Director.
• Regularize Misha Niravkumar Soni as Non-Executive Non-Independent Woman Director.

Voting Status

• Resolution 1 outcome not disclosed in filing.
• Resolution 2 outcome not disclosed.
• Resolution 3 outcome not disclosed.
• Resolution 4 outcome not disclosed.
• Resolution 5 outcome not disclosed.
• Resolution 6 outcome not disclosed.

Director and Management Changes

• Harshvardhan Katariya regularized as MD and Chairman.
• Rajesh Sutaria regularized as Non-Executive Independent Director.
• Misha Niravkumar Soni regularized as Non-Executive Non-Independent Woman Director.
• Himanshi Jadeja retires by rotation; not seeking re-appointment.

Auditor Appointments

• Ratification of statutory auditors and remuneration.

AGM notice and online access

• Web-link for AGM notice and FY2025-26 Annual Report available at heeraispat.in/annual-reports.html.
• AGM scheduled for 30 September 2026 at 10:00 a.m. IST in Ahmedabad.

Shareholder communication

• Letters dispatched to shareholders with unregistered emails providing the web link.
• Register or update email via DP or RTA to receive notices.

Physical shares / RTA action

• Physical-share holders to submit ISR to Skyline Financial Services.

Heera Ispat Limited: Trading Window closed from October 01, 2026 till the expiry of 48 hours after the declaration of the Unaudited Financial Results for the quarter and half year ending on 30th September, 2026 (both days inclusive).

AGM venue corrigendum

• 34th AGM fixed for 30 Sept 2026 at 10:00 IST; venue FF 108-109, Kamal Complex, C.G. Road, Navrangpura.
• Corrigendum forms part of AGM notice; all other terms remain unchanged.

Financial snapshot

• Revenue from operations NIL for year ended 31/03/2026
• Total income including depreciation NIL
• Total expenses 785.77 thousand; prior year 4,645.90
• Profit before exceptional items: -785.77 thousand
• Exceptional items: 2,030.24 thousand expense
• Profit after tax: -2816.01 thousand
• Earnings per share: -0.48
• Reserve and surplus: -67,263.39 thousand
• Going concern: material uncertainty noted by auditors

Capital & liquidity

• Authorized share capital: Rs 560,000 thousand
• Issued share capital: Rs 58,828.00 thousand (5,882,800 shares)
• Net worth: Rs (67,263.39) thousand
• Borrowings: Rs 8,190.00 thousand
• Cash and cash equivalents: Rs 296.87 thousand
• Dematerialised shares: 92.67% (54,51,700 shares)
• Dividend: Not declared due to losses
• Listing: Shares listed on BSE; 2026-27 listing fees unpaid

Governance changes

• Himanshi Jadeja retires by rotation; not reappointed
• Harshvardhan Katariya appointed MD & Chairman for 5 years from 03/08/2026; no remuneration unless approved
• Rajesh Sutaria appointed Non-Executive Independent Director for 5 years; no sitting fees during tenure
• Misha Niravkumar Soni appointed Additional Director; to be regularised as Non-Executive Non-Independent Woman Director; no remuneration
• Alpesh Patel and Radheshyam Patel resigned on 01/12/2025; DIR-12 filed Aug 2026
• Jimitkumar Sanghvi appointed CFO from 03/08/2026
• Vinay S Rajput served as Company Secretary until 20/02/2026

Audit & compliance

• Statutory auditors: M/s Dhrumil A Shah & Co; 5-year term 01/04/2023–31/03/2028; consent obtained
• Secretarial auditor: M/s J D Khatnani & Associates; MR-3 annexure
• Auditors' report highlights going-concern uncertainty
• Internal audit: not established; planned when warranted
• CSR: not applicable due to losses
• Governance: sub-committees formed; compliance otherwise in place

Operations & business status

• Company had NIL revenue from operations; no manufacturing or trading
• General administrative expenses: 785.77 thousand
• Management notes year-on-year loss due to non-operation of business activities
• Management Discussion & Analysis describes future trading focus and market prospects

Liquidity and cash flow

• Net cash inflow/outflow from operating activities: (3,827.51) thousand
• Net cash inflow/outflow from financing activities: (1,710.00) thousand
• Net decrease in cash: (5,537.51) thousand
• Opening cash and cash equivalents: 5,834.38 thousand
• Closing cash and cash equivalents: 296.87 thousand

Related party & compliance notes

• Related party transactions are at arm's length; no material balances flagged
• Company is exempt from certain Corporate Governance reporting due to small size
• Securities in dematerialised form; KMP disclosures maintained as per law

AGM Details

• Date/time/mode: 30 September 2026, 10:00 AM, physical at registered office.
• Record/book closure: Register of Members and Share Transfer Books closed 24 Sep 2026 to 30 Sep 2026.
• EVoting window: 26 Sep 2026, 09:00 AM to 29 Sep 2026, 05:00 PM.

Resolutions

• Adopt audited standalone financial statements for the year ended 31 March 2026.
• Ratify appointment of statutory auditors and approve remuneration.
• Retire by rotation; not to be reappointed.
• Regularize appointed MD and Chairman for five years; no remuneration.
• Appoint Non-Executive Independent Director for five years; no sitting fees.
• Appoint Non-Executive Non-Independent Women Director; liable to rotate; no remuneration.

Dividend

• Dividend: No dividend proposed or declared.

Auditors and Directors

• Secretarial auditor appointed for the year; report to be submitted.
• Note: No material related party transactions approved; RPTs at arm's length.

Related Party Transactions

• Related party transactions disclosed are at arm's length and not material.

Other approvals

• Remuneration policy and ESOP details not applicable given loss-making status.

Meeting Details

• Meeting Date: September 8, 2026; time and venue not disclosed.

Key Agenda Items

• Consider and approve AGM Notice and Board Report for FY 2025-2026 with annexures.
• Approve change in the Company's Registered Office.
• Finalize the day, date and time of the Annual General Meeting.
• Fix Record Date, Cut-off Date, and Book Closure for the AGM.
• Transact other business as may be considered necessary with Chair's permission.

MD resignation and board appointments

• Omprakash Dhariwal resigns as Managing Director effective 03 August 2026.
• Resigns as Director; does not hold directorships in other listed entities.
• Reason: personal reasons.
• Board approved Harshvardhan Katariya as MD and Rajesh Sutaria as Independent Director; subject to shareholder approvals.
• Chirag Dinesh Chandan resigns as Whole-time Director effective 31 July 2026.
• Himanshi Jayrajsinh Jadeja resigns as CFO, effective 03 August 2026.
• Jimit Sanghvi appointed as CFO and Key Managerial Personnel, effective August 3, 2026.
• Himanshi Jadeja designated from Executive Woman Director to Non-Executive Woman Director, Aug 3, 2026.

Resignation details

• Name and designation: Chirag Dinesh Chandan, Whole-time Director.
• Effective date of resignation: close of business hours on 31 July 2026.
• Reason: personal reasons.
• No explicit confirmation of any additional material reasons beyond personal reasons is provided.
• Resigns from all board committees of which he was a member.
• Not a director in any other listed entity.
• No regulatory or shareholder approval is stated as required.
• Board vacancy created; no replacement details are provided.