Hindustan Motors Ltd

AGM and book closure

• AGM date: 23 Sep 2026 at 2:00 PM IST via VC/OAVM.
• Book closure: 17 Sep 2026 to 23 Sep 2026 (inclusive) for AGM.
• Cut-off for e-voting: 16 Sep 2026; determines e-voting eligibility.
• E-voting window: 20 Sep 2026 9:00 AM to 22 Sep 2026 5:00 PM.
• Security: Equity shares.

Financial performance

• Total income for 2025-26: Rs 1,226.19 lakh.
• Net profit after tax: Rs (1.95) lakh.
• Total comprehensive income: Rs 14.98 lakh.

Capital structure & liquidity

• Paid-up equity capital: Rs 10,441.44 lakh.
• Net worth: Rs 3,205.37 lakh.
• Current ratio 2.46; liquidity indicates ability to meet obligations.

Audit & going concern

• Statutory auditors issued a qualified opinion citing going-concern risk.
• Secretarial audit notes highlight land resumption; potential impact on going concern.
• Operating cash flow for 2025-26: Rs 2,364.31 lakh.

Strategic developments & delisting

• NSE delisting completed October 2025; listing on BSE remains.
• Company exploring new partnerships to capitalise assets.
• Uttarpara land written off as exceptional item.

CSR & compliance

• CSR spend Rs 25.50 lakh; 2% of average net profit.
• Related party policy disclosed on company website.
• Internal controls robust; governance processes in place.

Shareholding & investor relations

• Dematerialisation: ~97.08% of shares in demat form.
• Top holders: National Bearing Co Jaipur Ltd 10.36%; Central India Industries 8.82%.
• Dividend: none; no profit declared for year.

AGM Details

• Date and time: 23 September 2026 at 2:00 PM IST.
• Mode: VC/OAVM.
• Cut-off date for e-voting: 16 September 2026.
• Book Closure: 17 September 2026 to 23 September 2026 (inclusive).
• E-voting start: 20 September 2026 at 9:00 AM IST.
• E-voting end: 22 September 2026 at 5:00 PM IST.

Resolutions

• Ordinary business: adopt Audited Standalone Financial Statements, Directors' Report and Auditors' Report.
• Ordinary business: reappoint Uttam Bose by rotation.

Dividend

• Dividend: no dividend proposed or declared.

Director Changes

• Director changes: Uttam Bose retires by rotation and is eligible for reappointment.

Auditors

• Statutory Auditors: KAMG & Associates; no change announced.

Material Related Party Transactions

• RPTs disclosed with Key Management Personnel and related parties; not material.

Other Material Approvals

• Voluntary delisting from NSE completed; trading suspended October 2025.

Demat/Remat processing confirmation

• RTA processed all dematerialisation/rematerialisation requests within the period.
• Securities dematerialised/rematerialised have been listed on the stock exchanges.
• Physical certificates mutilated and cancelled after verification; depository name substituted as registered owner.
• Actions completed within 15 days from receipt of certificates.

Financial Performance 📊

• Q3 FY26 total income was Rs 116 lakh, up from Rs 95 lakh in Q2 FY26; revenue from operations was nil.
• Nine-month FY26 total income stood at Rs 722 lakh versus Rs 630 lakh in nine months FY25.
• Q3 FY26 profit before tax was Rs 7 lakh, down from Rs 17 lakh in Q2 FY26; nine-month FY26 PBT was Rs 440 lakh.
• Q3 FY26 net profit was Rs 7 lakh, up from Rs 4 lakh in Q2 FY26; nine-month FY26 net profit was Rs 421 lakh.
• Basic and diluted EPS for Q3 FY26 was Rs 0.00; nine-month EPS was Rs 0.20.
• Total expenses for Q3 FY26 were Rs 109 lakh, up from Rs 78 lakh in Q2 FY26.

Balance Sheet & Liquidity

• Net worth improved to Rs 2,461.44 lakh as of March 31, 2025, from Rs 904.69 lakh in March 2024.
• Accumulated losses reduced to Rs 10,751.60 lakh as of March 31, 2025, from Rs 25,218.07 lakh in March 2017.
• Company is debt-free except for employee liabilities, trade payables, and other liabilities.
• Company maintains sufficient liquidity with current assets exceeding current liabilities.

Operations & Assets 🧱

• Fixed costs and employee liabilities reduced significantly after suspension of Uttarpara plant operations since May 2014.
• West Bengal government resumed 395 acres of company land in July 2025 after legal challenges failed up to Supreme Court.

Corporate & Governance 📍

• Board approved Q3 FY26 unaudited financial results on February 11, 2026; statutory auditors completed limited review.
• Auditor's review includes qualified conclusion due to material uncertainty on going concern from land resumption and no operations.

Business Model

• Company operates in a single segment: Automobiles; no subsidiaries or associates as of December 31, 2025.

Financial Performance

• Board approved unaudited standalone financial results for quarter and nine months ended 31 Dec 2025.
• Total income: Rs. 116 lakhs (quarter), Rs. 630 lakhs (nine months).
• Net profit after tax: Rs. 7 lakhs (quarter), Rs. 334 lakhs (nine months).
• Earnings per share (basic and diluted) for nine months: Rs. 0.16.
• Net worth improved to Rs. 2,461.44 lakhs as of 31 Mar 2025 from negative Rs. 1,632.50 lakhs in 2023.
• Accumulated losses reduced to Rs. 10,751.60 lakhs as of 31 Mar 2025 from Rs. 25,218.07 lakhs in 2017.

Regulatory and Legal Matters ️

• Government of West Bengal resumed possession of 395 acres of company land at Uttarpara on 11 July 2025.
• Legal challenges against land resumption dismissed by West Bengal Land Reforms Tribunal, Calcutta High Court, and Supreme Court.
• Auditor’s limited review report includes qualified conclusion citing material uncertainty on going concern due to land resumption and lack of operations.

Auditor Remarks

• Auditor issued qualified conclusion due to material uncertainty about company’s ability to continue as going concern.
• Financial statements prepared on going concern basis without writing off immovable property or plant and equipment.

Business Operations and Decisions

• Suspension of work at Uttarpara plant continues since 24 May 2014 due to low productivity and lack of demand.
• Company has rationalized costs and significantly reduced employee liabilities post suspension.
• Board authorized Director Uttam Bose to submit and publish quarterly financial results and auditor’s limited review report.
• Company exploring new business and technology partnerships to utilize assets and generate revenue.