H.G. Infra Engineering Limited has informed the Exchange regarding 'Reappointment of Auditors'.
HGINFRA · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
H.G. Infra Engineering reported FY2026 standalone revenue of Rs. 56,667 million, down 6.4% from Rs. 60,519 million in FY2025. Profit after tax declined 32.6% to Rs. 3,891 million from Rs. 5,771 million. The Board recommended a final dividend of Rs. 2 per share (20% on Rs. 10 face value). Key leadership changes include appointing Mr. Vikas Jain as CFO from July 13, 2026, and Mr. Janesh Kumar as CHRO from May 29, 2026. Exceptional items of Rs. 711 million were recorded from subsidiary divestments (H.G. Khammam Devarapalle PKG-2 and PKG-1). The auditors issued an unmodified opinion but included an Emphasis of Matter regarding CBI/ACB search proceedings in Patna where four employees were taken into custody. The company clarified it is not classified as a Large Corporate under SEBI framework.
Revenue and profit declined year-on-year, which may concern investors. However, the clean audit opinion and subsidiary divestment gains provide some stability. The CBI investigation remains a watch item despite no financial impact declared.