Annual Report for Financial Year ended March 31, 2025
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Hindoostan Mills Limited has submitted its 121st Annual Report for the financial year ended March 31, 2025, along with the notice for its AGM scheduled on Thursday, September 4, 2025, at 11:30 AM via video conferencing. The company reported a sharp deterioration in financials, with revenue from operations falling to Rs. 3,315.25 lakhs from Rs. 8,826.40 lakhs in the previous year, and a loss before tax of Rs. 1,077.34 lakhs against a profit of Rs. 126.80 lakhs last year. The textile unit's manufacturing was suspended from October 3, 2024, and the Board decided in April 2025 to permanently close the textile unit, citing over five years of continuous losses and no foreseeable viability. The engineering unit remained stagnant but made inroads into the technical textile industry with exports of Rs. 91.46 lakhs to Bangladesh and Turkey. No dividend has been recommended due to losses.
Shareholders face a year of significant losses, a sharp revenue drop, no dividend, and the closure of the company's textile division — all of which are negative signals for the stock. The reappointment of directors and appointment of new secretarial auditors are routine governance matters with no material financial impact.