Outcome of Board Meeting dated May 12, 2026
BIRLANU · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
BirlaNu Limited (formerly HIL Limited) approved its audited standalone and consolidated financial results for Q4 and FY ended March 31, 2026. For the full year, standalone revenue from operations stood at Rs 2,42,653 lakhs, but the company reported a net loss of Rs 1,404 lakhs compared to a profit of Rs 5,359 lakhs in FY2025. The loss was primarily due to an exceptional item of Rs 7,420 lakhs provision for diminution in value of investment in subsidiary BirlaNu International GmbH, partially offset by Rs 3,941 lakhs gain on sale of assets held for sale. The Board recommended a final dividend of Rs 15 per share (150%) for FY2026, subject to shareholder approval at the 79th AGM. Additionally, Mr. Pardha Saradhi Nooney was appointed as Chief Procurement Officer, and both Ernst & Young LLP (internal auditor) and S.S. Zanwar & Associates (cost auditors) were reappointed for FY2026-27. The filing also notes that the NCLT approved the Scheme of Amalgamation of five subsidiary companies effective March 10, 2026.
The company swung into loss for FY2026 mainly due to one-time provisions, though operating revenue remained steady. The recommended dividend of Rs 15 per share signals management confidence, but shareholders should watch for the AGM date and any impact from the ongoing amalgamation proceedings.