Hem Holdings: Sim Prabha seeks reclassification to public category

Hem Holdings & Trading Ltd has received a request from M/s Sim Prabha Estates & Trading Co. (P) Ltd., a member of its Promoter/Promoter Group, for reclassification to the 'Public' category. This request is made pursuant to Regulation 31A of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. Sim Prabha Estates & Trading Co. (P) Ltd. currently holds NIL equity shares in Hem Holdings, representing 0% of the total voting rights. The applicant has confirmed that it does not exercise control over the company's affairs, possess any special rights, or have representation on the Board of Directors or as Key Managerial Personnel, and undertakes to maintain these conditions for three years post-reclassification. Hem Holdings will now undertake the necessary procedures to comply with Regulation 31A.