Hem Holdings & Trading Ltd — Important, 23-03-2026: Company Update

HEM Holdings and Trading announced it received a request from Sim Prabha Estates & Trading Co.(P) Ltd to change its classification from 'Promoter Group' to 'Public'. Sim Prabha Estates currently holds no shares in the company and has confirmed it does not control the company's affairs, hold special rights, or have representation on the Board. The company will now follow the necessary procedures for this reclassification. This move indicates a former promoter entity distancing itself from the company’s core management and shareholding.