Appointment of M/s. ABK and Associates, Cost Accountants for the FY 2026-27
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▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Hinduja Global Solutions reported audited standalone results for FY2025-26 with revenue from operations of Rs. 1,827.12 crore, up 6.8% from Rs. 1,711.09 crore in FY2024-25. However, the company continued to incur losses with a net loss of Rs. 160.58 crore, significantly reduced from Rs. 322.78 crore loss in the previous year. The Board also approved appointment of M/s. ABK & Associates, Cost Accountants for FY2026-27 audit of cost records related to telecom/media business. The auditors issued unmodified reports. The filing highlights a contingent tax liability of Rs. 281.59 crore due to GAAR-related proceedings regarding the demerger of NXT Digital's DMC business, though the Bombay High Court has granted an interim stay on this matter.
The loss reduction despite higher revenue shows cost optimization progress, though the company remains loss-making. The GAAR tax dispute and ongoing operating losses could weigh on investor sentiment. Cost auditor appointment is routine and has no immediate share price impact.