HLV LIMITED Announces Board Meeting Outcomes, Releases Q1 2026 Unaudited Financial Results
HLV Limited has announced the outcomes of its Board of Directors meeting held on July 28, 2026. The company released its unaudited financial results for the first quarter ending June 30, 2026, and fixed key dates related to the upcoming Annual General Meeting (AGM).Q1 Financial Performance Review
The Board reviewed the Unaudited Financial Results for the quarter ended June 30, 2026. The results have been approved by the Audit Committee of the Board.Key financial highlights from the unaudited results are presented below:
| Particulars | Quarter Ended 30-Jun-26 (Rs. in lakhs) | Quarter Ended 31-Mar-26 (Rs. in lakhs) | Year ended 31-Mar-25 (Rs. in lakhs) |
|---|---|---|---|
| Net Sales / Income from Operations | 4,668 | 6,345 | 4,074 |
| Total Income | 4,995 | 6,766 | 4,397 |
| Profit/(Loss) before Tax | (78) | 860 | (347) |
| Net Profit/(Loss) for the period | (78) | 860 | 208 |
| Total Comprehensive Income for the period | (51) | 889 | 317 |
The financial results were prepared in accordance with Indian Accounting Standard 34 "Interim Financial Reporting."
Corporate Governance and AGM Details
During the Board meeting, several operational and corporate governance matters were addressed:- AGM Approval: The Board approved the Notice convening the company's 45th Annual General Meeting (AGM), scheduled to be held on Thursday, August 27, 2026, at 11:30 A.M. (IST) via Video Conferencing (VC)/Other Audio Visual Means (OAVM).
- Record Date Fixation: The Board set the following dates for the purpose of the AGM:
* Record Date: Thursday, August 20, 2026
* Book Closure Start Date: Friday, August 21, 2026
* Book Closure End Date: Thursday, August 27, 2026
* Scrutinizer Appointment: M/s. RAAM & Associates LLP, Company Secretaries, was appointed as the scrutinizer for conducting e-Voting and voting processes at the 45th Annual General Meeting.
Management Notes and Contingent Liabilities
The independent auditor provided a review report on the unaudited standalone financial results, noting specific notes regarding ongoing disputes:One of the important points noted in the financial results relates to existing disputes with Airports Authority of India (AAI). These matters include:
1. Lease Rent Discrepancy: The company is contesting an increase in lease rent by AAI for 18,000 sq. Mtrs. of land for the Mumbai hotel. For the quarter ended June 30, 2026, the disputed amount amounts to Rs. 584 lakhs, and cumulatively up to June 30, 2026, it amounts to Rs. 18,135 lakhs.
2. Rent/Guarantee Claim: AAT claimed an amount of Rs. 80,705 lakhs as of January 31, 2019, concerning rent and minimum guarantee amount for the lease of 11,000 sq. mtrs. of land in Mumbai. This claim is currently disputed by the company, and due to a legal opinion, no provision has been made for this contingent liability.
The financial results have been prepared on a 'going concern basis,' assuming that the company will secure favourable judgments or settlements regarding these disputes, including the renewal of the lease and continuation of business operations.
HLVLTD Stock Price Movement
Shares of HLV LIMITED are slipping by 0.55% as of 1:19 PM, with the stock pulling back to ₹7.17 after shedding ₹0.04 in live trading. The equity has seen a traded volume of 115,586 shares so far today.Disclaimer: Due care and diligence have been taken in compiling and presenting news and market-related content. However, errors or omissions may arise despite such efforts.
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