Hira Automobiles Limited has issued notice for its 37th Annual General Meeting (AGM) to be held on Wednesday, September 30, 2026, at 11:00 AM at the company's registered office at #0598, Sector 18B, Chandigarh, 160018.

Ordinary Business Agenda

1. Adoption of Financial Statements: To consider and adopt the Standalone Audited Financial Statements for the financial year ended March 31, 2026, along with the Reports of the Board of Directors and Auditors.

2. Director Reappointment: To appoint a director in place of Mrs. Neha Sidhu, who retires by rotation and being eligible, offers herself for reappointment.

3. Auditor Ratification: To ratify the appointment of M/s. Mohan Juneja & Co., Chartered Accountants, Patiala, Punjab (Firm Registration No. 020488N) as statutory auditors for their second term of five financial years from FY2022-23 to FY2026-27. The remuneration is to be mutually agreed upon between the Board and the auditors.

Special Business Agenda

4. Appointment of Independent Director: To appoint Mr. Vicky Kumar (DIN-11874304) as an Independent Director for a period of five years until August 30, 2031. He was appointed as an additional director on August 31, 2026.

5. Appointment of Independent Director: To appoint Ms. Bandna Rani (DIN-11878119) as an Independent Director for a period of five years until August 30, 2031. She was appointed as an additional director on August 31, 2026.

6. Debt Reduction Approval: To approve the sale/disposal of company properties that are already leveraged with banks to pay off financial liabilities and reduce interest costs. The resolution authorizes the Board of Directors to sell any property/undertaking as they consider appropriate and beneficial for debt reduction.

Voting and Procedural Details

  • The Register of Members and Share Transfer Books will remain closed from September 29, 2026, to September 30, 2026 (both days inclusive).
  • The company has appointed Mr. Ravinder Kumar, Company Secretary, as Scrutinizer to oversee the e-voting process.
  • Remote e-voting will be available from September 27, 2026, at 9:00 AM to September 29, 2026, at 5:00 PM through www.evotingindia.com.
  • Shareholders can vote through CDSL/NSDL platforms for demat holdings or via CDSL for physical shares and non-individual shareholders.
  • Results will be declared within two working days after the AGM and placed on the company's website and communicated to stock exchanges.

Explanatory Statements

  • For items 4 and 5: Both Mr. Vicky Kumar and Ms. Bandna Rani were appointed as additional directors on August 31, 2026, and seek confirmation as independent directors for five-year terms. No directors or KMPs have any interest except the appointees themselves.
  • For item 6: The board proposes asset sales to reduce debt burden and interest costs, aiming to improve profitability. No directors or KMPs have any financial interest in this resolution.

Additional Information

  • Mrs. Neha Sidhu holds 1000 equity shares of ₹10 each and is related to Chairman and Managing Director Rahulinder Singh Sidhu as his wife.
  • The notice includes detailed instructions for e-voting, proxy submission, and attendance procedures.
  • The company encourages shareholders to update their email and mobile numbers with depositories for seamless e-voting access.