H.G. Infra Engineering Announces Board Approvals, Financial Results, and Key Management Changes

H.G. Infra Engineering Announces Board Approvals, Financial Results, and Key Management Changes​

H.G. Infra Engineering Limited announced the approval of its audited standalone and consolidated financial statements for the financial year ended March 31, 2026, along with key updates regarding management personnel and audit confirmations. The Board also recommended a final dividend of Rs. 2.00 per equity share.

The company fixed August 12, 2026, as the record date for the final dividend payment, which is subject to shareholder approval at the upcoming 24th Annual General Meeting scheduled for August 19, 2026.

Consolidated Financial Performance​

The financial results presented show the Group achieved a total revenue from operations of Rs. 52,346.74 million and total income of Rs. 50,698.89 million for the year ended March 31, 2026. The consolidated profit after tax for the year stood at Rs. 3,298.09 million, translating to an earnings per share (Basic and Diluted) of Rs. 50.61.

The company maintained a robust asset base, with total consolidated assets reported at Rs. 1,09,010.24 million as of March 31, 2026, compared to Rs. 87,727.12 million the previous year.

Key Financial Highlights (Amount in Rs. Million)


Consolidated Balance Sheet Summary (Amount in Rs. Million)

Management and Audit Appointments​

The Board of Directors approved several key changes in Key Managerial Personnel (KMP) and the re-appointment of statutory auditors for the financial year 2026-27.

Personnel Changes:

• The Board approved the appointment of Mr. Vikas Jain as the Chief Financial Officer (CFO) and Key Managerial Personnel, effective July 13, 2026. Mr. Jain possesses over 27 years of experience, specializing in IPO execution and financial governance.
• Mr. Rajeev Mishra will transition from CFO and Chief Risk Officer to the role of Head Investor Relations and Corporate Affairs, effective July 13, 2026.
• Mr. Janesh Kumar was appointed as Chief Human Resource Officer (CHRO) effective May 29, 2026.

Auditor Re-appointments (for FY 2026-27):
The company re-appointed the following firms as its statutory auditors:

• Internal Auditors: M/s Mahajan & Aibara LLP, Chartered Accountants.
• Cost Auditors: M/s Rajendra Singh Bhati & Co., Cost Accountants.
• Tax Auditors: M/s S V Arora & Associates, Chartered Accountants.

Operational and Statutory Updates​

During the reporting period, the company executed divestment of stakes in several subsidiaries. Notable disposals included transferring 100% shareholding in H.G. Khammam Devarapalle PKG-2 Private Limited on March 20, 2026, and 49% shareholding in H.G. Khammam Devarapalle PKG-1 Private Limited on March 30, 2026.

Furthermore, the company maintained its position regarding searches conducted by the Central Bureau of Investigation (CBI) and Anti-Corruption Bureau (ACB). The management confirmed that, based on expert assessments, there is no material impact on the current financial results from these proceedings.

Audit Report Opinion​

Independent auditors, M/s M S K A & Associates LLP and M/s Shridhar & Associates, issued their reports on the standalone and consolidated annual financial results, providing an unmodified opinion for the financial year ended March 31, 2026.

HGINFRA Stock Price Movement​

On Wednesday, H.G. Infra Engineering Limited shares rallied, closing at ₹605.55, marking a gain of 1.17% from the previous session. The stock saw a significant total volume of 112,154 shares traded during the session.