Hira Automobiles Ltd — Updates, 23-05-2025: Company Update

Hira Automobiles Limited’s Annual Secretarial Compliance Report confirms compliance with all applicable secretarial standards and timely adoption of SEBI-mandated policies except for minimum public shareholding norms. Public shareholding stands low at 4.28%, far below the 25% requirement, resulting in SEBI imposing a Rs. 14 lakh penalty for non-filing of quarterly compliance reports and BSE levying additional fines totaling Rs. 43.07 lakh for MPS non-compliance in recent periods. Promoter group shareholding in demat form remains at 43.55%. No subsidiaries or auditor resignations were reported. This ongoing MPS shortfall limits promoter activities and affects shareholder liquidity.