HEG Limited has informed the Exchange about Continuation of Smt. Vinita Singhania (DIN: 00042983), as Non-Executive Non-Independent Director of the Company who will be attaining the age of 75 years in FY 2026-27.
HEG · price
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Awaiting price reaction for this filing.
HEG Limited's board approved audited standalone and consolidated financial results for Q4 and FY ended March 31, 2025. Standalone revenue from operations fell to Rs. 2,152.71 crore (from Rs. 2,394.90 crore in FY24), and standalone profit for the year dropped sharply to Rs. 101.28 crore (from Rs. 315.24 crore), with Q4 FY25 posting a standalone loss of Rs. 71.60 crore. The board recommended a final dividend of Rs. 1.80 per equity share on a face value of Rs. 2 (about 90% payout), subject to shareholder approval. The board also approved the continuation of Smt. Vinita Singhania as Non-Executive Non-Independent Director beyond age 75, subject to a special resolution, and made/re-appointed the Secretarial, Cost, Internal, and Tax Auditors for FY25-26 and beyond.
The sharp decline in profitability and a Q4 loss are likely to be viewed negatively by investors, though the generous dividend of Rs. 1.80 per share provides some income support. Director continuation and routine auditor appointments are procedural and unlikely to move the stock.