Hem Holdings & Trading Ltd — Updates, 30-05-2025: Company Update

Hem Holdings and Trading Limited has announced a board meeting on the financial results for the quarter and half-year. The company reported total revenue of ₹37.46 Lacs for the year, with expenses at ₹157.77 Lacs, resulting in a loss before tax of ₹120.31 Lacs. Profit after tax stood at a loss of ₹120.31 Lacs compared to a profit in the previous year. Other comprehensive income contributed ₹24.27 Lacs, leading to a total comprehensive loss of ₹96.04 Lacs. The company sold equity shares in Simplex Casting Ltd. for ₹97.20 Lacs, generating a capital gain of ₹75.19 Lacs. Net Owned Fund was negative at ₹4.58 Cr, and the company does not plan to raise capital to meet regulatory thresholds. Advances of ₹5.41 Cr were received against the sale of land and building, which is classified as held for sale. The company reappointed M/s Meena Naidu & Associates as Secretarial Auditor and M/s M D N & Associates as Internal Auditor. The statutory auditor issued an unmodified opinion on the audited financial statements. Cash and cash equivalents increased to ₹30.24 Lacs, driven mainly by investing activities related to asset sales.