Hindustan Aeronautics Ltd

Hindustan Aeronautics Ltd — Closure of Trading Window from 30 September 2026 until 48 hours after declaration of the financial results for the period ending 30 September 2026

Executive Director (Finance) cessation

• Cessation of Shri R Sriram as Executive Director (Finance) effective 30.09.2026 due to superannuation.

Appointment of Independent Director

• Appointment of Dr. Nikhil Agarwal as Additional Independent Director for three years, subject to shareholder approval.
• Effective date 9 September 2026.
• Three-year term from appointment or until further orders, whichever earlier.
• Approved by Board following government DoD letter dated 9 September 2026.
• Not related to any other Director; not debarred by SEBI or authorities.
• Profile: MD of IIT Delhi FITT; Cambridge MPhil; Edinburgh PhD; innovation and policy expert.
• Entrepreneur Café founder; advised Cadbury's, FIC, Zensar; global startup experience.

AoN for ALH procurement

• DAC granted AoN for Advanced Light Helicopters procurement under defence capital acquisitions.
• Total AoNs approved across defence procurements worth about Rs 1.10 lakh crore.
• Approximately 98% of procurements under AoNs will be from Indian industry.
• ALHs are intended to enhance Army and Air Force capabilities across terrains.

Auditor Appointment

• M/s B K Ramadhyani & Co. LLP appointed by CAG as Statutory Auditors for FY 2026-27.

AGM material events

• Final dividend of Rs. 10 per equity share for FY 2025-26 declared.
• Shri Ravi K appointed as Chairman and Managing Director of HAL.

AGM details

• 63rd AGM held on 28 August 2026 via VC/OAVM at 3:30 PM IST.
• Record date: 21 August 2026.

Key resolutions

• Resolution 1 (Ordinary): Adopt audited financial statements; passed.
• Resolution 2 (Ordinary): Interim dividend Rs 35 and final dividend Rs 10; passed.
• Resolution 3 (Ordinary): Re-appoint director by rotation; passed.
• Resolution 4 (Ordinary): Re-appoint director by rotation; passed.
• Resolution 5 (Ordinary): Fix remuneration of Statutory Auditors for 2026-27; passed.
• Resolution 6 (Ordinary): Ratify remuneration of Cost Auditors for 2026-27; passed.
• Resolution 7 (Ordinary): Appoint Chairman and Managing Director; passed.

Dividend

• Dividend approved: interim Rs 35 per share and final Rs 10 per share.

Directors

• Directors retiring by rotation re-appointed; two such appointments.
• Ravi K appointed as Chairman and Managing Director.

Auditors

• Remuneration for Statutory Auditors fixed for 2026-27.
• Remuneration for Cost Auditors ratified for 2026-27.

AGM Details

• 63rd AGM held on 28 August 2026 at 3:30 PM via VC/OAVM.

Ordinary resolutions

• Adoption of Audited Financial Statements for year ended March 31, 2026 (including Consolidated).
• Interim dividend of Rs 35 per share and final dividend of Rs 10 per share for 2025-26.
• Reappointment of Dr. Barenya Senapati as director (retiring by rotation).
• Reappointment of Shri M G Balasubrahmanya as director (retiring by rotation).
• Fixation of remuneration of Statutory Auditors for 2026-27.

Special/Other business

• Ratification of remuneration payable to Cost Auditor for 2026-27.
• Appointment of Ravi K as Chairman & Managing Director.

Voting status

• EVoting results to be declared within 2 working days.

Auditors/remuneration

• Statutory Auditor remuneration fixed for 2026-27.
• Cost Auditor remuneration ratified for 2026-27.

Contract and program overview

• HAL and SAFHAL signed final contract for design, development, manufacture, supply, and lifecycle support of Aravalli engine.
• Aravalli engine targets 3,500–4,000 shp for HAL's IMRH and naval DBMRH variants.
• SAFHAL is a HAL-Safran joint venture to advance indigenous propulsion and MRO capabilities.
• Program supports India's self-reliance in aero-engine technology and strengthens domestic aerospace industry.