HBL Engineering Ltd

AGM details

• 40th AGM held on 26 Sep 2026 at 3:00 PM IST via VC/OAVM.
• Meeting ended at 4:08 PM IST.
• Remote e-voting from 23–25 Sep 2026; instapoll used at AGM.
• Voting cut-off date: 11 Sep 2026.

Key resolutions and outcomes

• Item 1: Adopt audited financial statements; ordinary; 99.60% in favor.
• Item 2: Declare dividend of Re 1 per share; ordinary; 99.98% in favor.
• Item 3: Appoint MSS Srinath as director (rotating); ordinary; 84.06% in favor.
• Item 4: Ratify statutory auditors and fix remuneration; ordinary; 99.98% in favor.
• Item 5: Appoint Kavita Prasad Aluru as Executive Director for five years; special; 81.24% in favor.
• Item 6: Borrowing beyond paid-up capital and free reserves; special; 99.34% in favor.
• Item 7: Mortgage/charges on properties; special; 99.60% in favor.
• Item 8: Authorize related party transactions; special; 80.53% in favor, 7.44% against.
• Item 9: Ratify Cost Auditor remuneration for FY 2026-27; ordinary; 99.98% in favor.

AGM Details

• AGM held on 26 September 2026 at 3:00 PM via VC/OAVM.
• Book closure: 12-09-2026 to 26-09-2026; record date: 11-09-2026.
• Record date: 11-09-2026; total shareholders: 366,355.

Key Resolutions

• Adopt audited financial statements for year ended 31 March 2026; passed.
• Declare dividend for year ended 31 March 2026; dividend of Re 1 per share; passed.
• Appoint MSS Srinath as director (rotation); passed.
• Ratify statutory auditors and authorize board to fix remuneration; passed.
• Appoint Kavita Prasad Aluru as Executive Director for five years; passed.
• Approve borrowing in excess of paid-up capital and free reserves; passed.
• Authority to sell, lease or dispose of assets and mortgage/create charges; passed.
• Authorization to enter into related party transactions; passed.
• Ratify Cost Auditor remuneration for FY 2026-27; passed.

Director Changes

• MSS Srinath re-appointed as director; retires by rotation.

Auditor Appointments

• Statutory auditors ratified; remuneration to be fixed by the Board.

Book closure & AGM details

• Book Closure: September 12, 2026 to September 26, 2026 (inclusive).
• Record Date: September 11, 2026, for e-voting eligibility and dividend entitlement.
• Security: Equity shares of Re. 1 each.
• Event Date: 40th AGM on September 26, 2026.
• E-voting Period: September 23, 2026, 9:00 AM to September 25, 2026, 5:00 PM.
• Dividend: 100% dividend recommended for approval at the AGM.
• Purpose: Determine shareholder eligibility for e-voting and dividend receipt.

Financial performance

• Standalone revenue from operations rose to ₹3,251.80 cr in FY26 from ₹1,946.13 cr.
• Standalone EBITDA ₹1,160.50 cr; operating margin 32.41% vs 17.87% prior year.
• Standalone PAT ₹796.79 cr; diluted EPS ₹28.76.
• Consolidated revenue ₹3,302.83 cr; PAT ₹814.64 cr; consolidated EPS ₹29.39.
• Net cash from operations ₹712.87 cr; debt/equity 0.03; ROCE ~49%.

Dividends & capital allocation

• Final dividend proposed: ₹1.00 per equity share for FY26.
• Interim dividend of ₹2.00 per share paid; interim payout ₹55.44 cr.
• Record date for final dividend: 11 Sep 2026; book closure 12-26 Sep 2026.
• Dividend Distribution Policy available on company website.

Capital structure & liquidity

• Standalone net worth ₹2,172.36 cr; total equity ₹2,877.59 cr.
• Standalone working capital ₹1,424.98 cr; cash/cash equivalents ₹515.12 cr.
• Cash and cash equivalents total ₹515.12 cr; liquidity remains robust.

Operations & strategic developments

• Kavach rail signaling contributed almost 50% of FY26 sales.
• JV with Cochin Shipyard formed Green Maritime Propulsion Pvt Ltd; 60% stake by HBL.
• JV to develop marine electricity drives; orders placed for batteries; on-going EV strategy.
• Nine BUs planned to grow under a decentralised corporate umbrella; succession plan in place.

Governance & controls

• Statutory audit by M/s LNR Associates; no qualifications; 5-year term to 2027.
• Secretarial audit by Vinay Babu Gade; no qualifications; compliance affirmed.
• Related party transactions within 700 crore annual aggregate; approvals as required.
• Board size: 8 directors; 4 independent; 2 women among independents.

ESG and sustainability

• Energy management: ₹9.03 cr invested in renewable energy; 2.2 MW solar at Nandigaon; 0.6 MW at Vizag.
• Zero Liquid Discharge (ZLD) with 8,853 KL effluent recycled; 2,826 MT waste recycled.
• CSR spend ₹5.62 cr; beneficiaries >12,000; programs in education, health, nutrition, rural development.

Record date and book closure

• Record date for e-voting and dividend eligibility fixed at Friday, 11 September 2026.
• Book closure from 12 September 2026 to 26 September 2026 (inclusive).
• AGM on 26 September 2026; dividend, if declared, will be paid subsequently.

Deviation & fund utilisation status

• Purpose: no deviation or variation in use of funds for the quarter.
• Mode of fund raising: no funds raised in the quarter.
• Amount raised: nil; date of fund raising: not applicable.
• Deviation/variation: none; nil status for the quarter.
• Audit Committee reviewed the statements.
• Monitoring agency involvement: not disclosed.
• Status of fund utilisation: not applicable.

Filing Status

• No deviation/variation in use of funds raised through shares during quarter ended June 30, 2026.
• The company did not raise any funds through Shares in the reporting quarter.

Financial results and approvals

• Unaudited standalone results for quarter ended 30 Jun 2026 approved; limited review unmodified.
• Unaudited consolidated results for quarter ended 30 Jun 2026 approved; limited review unmodified.
• Audit Committee approved; Board approval confirmed on Aug 8, 2026.
• Book closure fixed Sep 12–26, 2026 (inclusive).
• Record date fixed Sep 11, 2026 for dividend eligibility; AGM on Sep 26, 2026.
• JV Green Maritime Propulsion Private Limited formed on Jun 11, 2026; HBL 60% stake; not consolidated.

Regulatory / disclosures

• No deviation or variation in use of proceeds; no new funds raised in quarter.
• Audit Committee reviewed and noted Regulation 32(1) disclosures.