Heera Ispat's board approved the financial results for the quarter ended June 30, 2026, reporting no revenue from operations and a net loss of 0.018 Cr.

This situation raised concerns from auditors regarding the company's ability to continue as a going concern.

Significant leadership changes were also announced: Mr. Omprakash Dhariwal and Mr. Chirag Dinesh Chandan resigned as Managing and Whole-time Directors, respectively.

Mrs. Himanshi Jadeja resigned as CFO, changing to a Non-Executive Director role.

Mr. Harshvardhan Katariya was appointed as the new Managing Director and Chairman, Mr. Rajesh Sutaria as an Independent Director, and Mr. Jimit Sanghvi as the new Chief Financial Officer.

The company also reconstituted its board committees.