Hindustan Aeronautics Ltd

JV dissolution

• Infotech HAL Limited, HAL's 50%-owned joint venture, has been dissolved.
• NCLT Bengaluru Bench ordered dissolution dated 17 August 2026.
• HAL received the order on 20 August 2026 for records.
• No financial details are provided in the update.

Standalone Financials

• Revenue from operations Rs 5,51,528 lakh; total income Rs 6,41,809 lakh for quarter ended 30-Jun-2026.
• Net profit after tax Rs 1,58,061 lakh; basic and diluted EPS Rs 23.63.
• Auditors issued unmodified opinion on standalone results for the quarter ended 30-Jun-2026.

Consolidated Highlights

• Consolidated total income Rs 6,41,541 lakh; HAL-Edgewood not consolidated; impact not material.
• Consolidated EPS: basic Rs 23.77; diluted Rs 23.77 for the quarter.
• Auditors' report on consolidated results: unmodified.

Dividend & Capital Allocation

• Interim dividend of Rs 35 per equity share paid in 2025-26.
• Board recommended final dividend of Rs 10 per equity share for 2025-26, pending AGM approval.

Going Concern & JV Notes

• Notes flag going-concern risks for HATSOFF Helicopter Training Pvt. Ltd., HALBIT Avionics, and MTAL.
• HAL-Edgewood Technologies Pvt. Ltd. not consolidated; impact not material.

Inventory Losses & Insurance

• Flood insurance settled March 2026; company-owned inventory loss Rs 1,033 lakh settled.
• Customer-owned inventory loss reassessed at Rs 1,091 lakh; Rs 4,499 lakh reversed.
• Future liability of Rs 1,091 lakh maintained for customer-owned flood inventory.

Meeting Details

• Board meeting scheduled for 12 August 2026; time and venue not disclosed.

Key Agenda Items

• To consider the Audited Financial Results for the quarter and period ended 30 June 2026.

Other Notes

• Notice issued for board meeting on 12 August 2026 to consider audited results.

Dividend update and tax compliance

• Final dividend of Rs 10 per equity share for FY2025-26, subject to AGM approval.
• Shareholders must submit tax-exemption documents to KFin Technologies by 14 August 2026.
• If dividend is taxable to a non-deductee, deductee must file a declaration by 14 Aug 2026.
• Fresh tax documents required for each dividend event to claim benefits.
• Communication about tax matters already sent to shareholders via registered email.
• Tax-related communications after 14 August 2026 will not be entertained.
• Board recommended final dividend on 29 June 2026.
• Dividend subject to member approval at ensuing AGM.
• Notice already sent to shareholders’ email IDs registered with their depository participants.

Dividend declaration and tax compliance

• Final dividend: Rs 10 per equity share (face value Rs 5) for FY2025-26; subject to AGM approval.
• Board recommended on 29 June 2026.
• Subject to approval by members at the AGM.
• Tax withholding: Company will deduct tax at source at payment.
• Tax exemption documents due by 14 August 2026 to KFin Technologies Limited.
• If assessable by a person other than the deductee, file declaration by 14 August 2026.
• No communication after due dates will be entertained.
• Fresh tax documents required for each dividend; prior submissions won't be considered.
• Communication already sent to shareholders by email.
• This update is for information and record.

Senior Management Appointments

• Appointment of Shri Prikshat Sharma as GM (Planning & IT) effective 01.07.2026.
• Appointment of Dr. Kotta Srinivasa Rao as GM (Finance) effective 01.07.2026.
• Appointment of Shri Raju Ranjan Thakur as GM (Marketing) effective 01.07.2026.

Dividend proposal

• Board recommended final dividend for FY 2025-26, subject to AGM approval.
• Record date fixed at 14 August 2026; payout within 30 days after AGM approval.

Cost auditor appointment

• Approved appointment of Murthy & Co. LLP as Cost Auditor for FY 2026-27.

Senior management change

• Shri Suji Abraham ceased as GM (Planning) effective 31 May 2026.
• Reason stated was superannuation.