HLV Ltd

HLV Limited trading window closed from October 01, 2026 till 48 hours after the declaration of Unaudited Financial Results for the second quarter and half year ended September 30, 2026

AGM details

• AGM held August 27, 2026 at 11:30 IST via VC/OAVM.
• Remote e-voting window August 24–26, 2026; voting during AGM.
• Quorum present; deemed venue at registered office.
• Scrutinizer appointed: RAAM & Associates LLP.

Key resolutions

• Adoption of Audited Financial Statements for FY2025-26; Ordinary Resolution; passed.
• Re-appointment of Ms. Amruda Nair (retiring by rotation); Ordinary Resolution; passed.

Voting outcome

• All resolutions passed by requisite majority; no dissent disclosed.

Financial snapshot

• Revenue from operations: Rs 20,091.50 Lakhs in FY25-26.
• Total income: Rs 21,426.32 Lakhs; PAT Rs 207.99 Lakhs.
• Earnings per share: Rs 0.03 (basic/diluted) for FY25-26.
• Net worth: Rs 29,115.62 Lakhs as of 31-Mar-2026.

Operational performance

• Occupancy 69% in FY25-26 (vs 73.8% prior year).
• ARR Rs 12,469; RevPAR Rs 8,602; Room revenue Rs 124.96 crore.
• The Leela Mumbai hotel operates with 394 guest rooms.
• FX earnings Rs 6,049.64 Lakhs; FX outgo Rs 412.07 Lakhs.

Capital structure & liquidity

• Total borrowings Rs 1,100.26 Lakhs; Debt-Equity 0.075x; Current ratio 1.75x.
• Cash and cash equivalents Rs 2,027.55 Lakhs.
• Auditor notes going concern linked to disputes; management cites favorable outcomes sought.

Dividends & capital allocation

• Dividend declared: none for FY2025-26.
• CSR spend Rs 39.50 Lakhs; 2% of average net profit Rs 39.40 Lakhs; NIL unspent.

Governance & leadership

• Ms. Sucheta Chaturvedi appointed Company Secretary from 01-12-2025; Savitri Yadav until 30-11-2025.
• Ashok Rajani re-appointed Independent Director for 2026-31; Amruda Nair to retire by rotation.
• Board met 4 times; Audit Committee met 4 times; NRC met 3 times; Stakeholders met 1.
• RAAM & Associates LLP appointed Secretarial Auditor for FY2025-30.

Litigation & going concern

• AAI disputes: lease rent & MG; Rs 17,552 Lakhs; Rs 80,705 Lakhs; arbitration ongoing.
• Brookfield-related litigation: ITC/LIC matters; proceedings before SAT/NCLT/NCLAT; Supreme Court awaiting.
• Hyderabad land: PBSAMP disputes; land sale completed Jan 2024; Supreme Court 2025 relief.
• Going concern: basis adopted; depends on favorable judgments/settlements.

CSR & ESG

• CSR spend Rs 39.50 Lakhs; 2% of average net profit Rs 39.40 Lakhs.
• Total CSR outlay disclosed; policy and projects accessible on the company website.

Outlook & sectors

• Indian hospitality remains robust; domestic demand and premium experiences drive growth.
• Industry upside tempered by geopolitical volatility and macro risks; Leela Mumbai leveraged by prime location.

Financial results approved

• Unaudited standalone Q1 2026 results approved; quarter ended 30 June 2026.
• Limited Review Report by statutory auditor accompanies the results.

AGM notice & record dates

• Notice for the 45th AGM approved for August 27, 2026 via VC/OAVM.
• Record Date fixed as August 20, 2026.
• Book Closure from August 21 to 27, 2026.
• Annual Report and AGM notice to be submitted to stock exchanges.

Scrutinizer appointment

• Scrutinizer appointed: M/s RAAM & Associates LLP for AGM processes.

Regulatory / legal disclosures

• Auditor notes reveal ongoing disputes with Airports Authority of India over rent and lease, with no provision.
• Disputed current-quarter rentals Rs 584 lakhs; cumulative Rs 18,135 lakhs.
• AAI claim Rs 80,705 lakhs on land lease; liability disputed; no provision.
• Going concern basis adopted; favourable judgments and lease renewal expected.
• Auditor's conclusion not modified.

Financial metrics snapshot

• Total income from operations for Q1 2026: 4,995 lakhs; net loss after tax: 78 lakhs.
• Earnings per share (basic/diluted): -0.01.

Meeting Details

• Board meeting scheduled for July 28, 2026.
• Time and venue not disclosed.

Key Agenda Items

• Consider and approve unaudited Q1 2026 financial results for the quarter ended June 30, 2026.

Other Notes

• Trading window closed from July 1, 2026; opens 48 hours after results announcement.

Dematerialisation processing and related actions

• During quarter ended June 30, 2026, dematerialisation requests processed; confirmations sent to depositories.
• Dematerialised securities listed on the stock exchanges where the original securities are listed.
• Physical certificates for dematerialisation mutilated and cancelled; depository-backed ownership updated within 15 days.