Hem Holdings & Trading Ltd — Board Meeting, 30-05-2025: Board Meeting

Hem Holdings and Trading Limited has announced a board meeting to consider the financial results for the quarter and half-year. The company reported revenue of ₹19.17 lakh for the quarter, with total expenses at ₹145.95 lakh, resulting in a loss before tax of ₹126.78 lakh. For the year, revenue stood at ₹37.46 lakh with expenses of ₹157.77 lakh, leading to a loss before tax of ₹120.31 lakh. The company sold equity shares of Simplex Casting Ltd. for ₹97.20 lakh, earning a capital gain of ₹75.19 lakh. Advances worth ₹5.41 crore were received against the sale of land and building, which is classified as held for sale. Net owned funds are negative at ₹4.58 Cr, with no plans to infuse additional capital. The statutory auditor issued an unmodified opinion on the financial results. The firm re-appointed M/s Meena Naidu & Associates as Secretarial Auditor and M/s M D N & Associates as Internal Auditor for upcoming fiscal years. Cash and cash equivalents increased to ₹30.24 lakh from ₹7.95 lakh.