HGINFRANSEH.G. Infra Engineering LimitedHighNeutral
Announced Thu, 28 May · 21:02 IST

H.G. Infra Engineering Limited has informed the Exchange regarding Appointment of Mr Vikas Jain as Chief Financial Officer of the company w.e.f. July 13, 2026.

Management Changes View source PDF

HGINFRA · price

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Price reaction · full curve 14 horizons · vs prior close
-4.7%1-day move
₹603.25
prior close
₹602.60
base price
After-mkt
timing
5m10m15m30m1D2D3D4D5D7D15D1M2M3M
-1.4-1.1-1.2-1.9-4.7-4.4-7.3-8.7-8.9-6.0-3.2-3.1
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AI summary

H.G. Infra Engineering Limited's Board meeting on May 28, 2026 approved the audited standalone and consolidated financial results for FY2026 (revenue Rs 56,667 Mn, PAT Rs 3,891 Mn, down from Rs 5,771 Mn in FY2025). The Board appointed Mr. Vikas Jain as Chief Financial Officer effective July 13, 2026, upon recommendation of the Nomination & Remuneration Committee. Concurrently, outgoing CFO Mr. Rajeev Mishra will transition to Head Investor Relations and Corporate Affairs (Senior Management). The Board also appointed Mr. Janesh Kumar as Chief Human Resource Officer effective May 29, 2026, reappointed all three auditors (internal, cost, and tax) for FY2026-27, and recommended a final dividend of Rs 2 per share (20%) subject to shareholder approval at the AGM on August 19, 2026.

Likely market impact

CFO transition is orderly and internally managed with no disruption. Declining profit (down ~33% YoY) and ongoing CBI investigation (Note 7/8) are the more material concerns for investors. Dividend payout signals confidence despite reduced profitability.