Hira Automobiles Ltd — Important, 07-07-2026: Company Update

Hira Automobiles initiated a delisting process in 2013, with Chairman Rahul Inder Singh Sidhu aiming to acquire the remaining 4.28% public shareholding. Despite SEBI approval for the acquisition and in-principal approvals from stock exchanges, the delisting did not complete as the company lacked requisite shareholder consent in 2014. More recently, SEBI imposed a penalty of 0.14 Cr on the company for failing to file quarterly compliance reports related to minimum public shareholding norms. The company is now seeking directions from SEBI to enable its promoters to comply with these shareholding requirements.