Hira Automobiles Ltd — Important, 04-04-2026: Company Update

Hira Automobiles attempted to delist its shares in 2013, with its Chairman proposing to acquire the remaining public shareholding. The delisting process received in-principle approvals from exchanges, but ultimately failed due to a lack of requisite shareholder consent. This led to non-compliance with minimum public shareholding norms. The company recently paid a penalty of 0.14 Cr imposed by SEBI for not filing related quarterly compliance reports. Hira Automobiles is now seeking directions from SEBI to help its promoters comply with the minimum public shareholding requirements. This update highlights a long-standing issue impacting the company's compliance.