Hinduja Global Solutions Limited has informed the Exchange regarding Appointment of M/s. ABK & Associates, Cost Accountants as Cost Auditor of the company for the financial year 2026-27
HGS · price
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HGS reported audited standalone financial results for FY2026 with revenue from operations of Rs. 1,827.12 crore, up from Rs. 1,711.09 crore in the previous year. The company narrowed its loss before tax to Rs. 133.14 crore from Rs. 242.81 crore in FY2025, though it still recorded a net loss of Rs. 160.58 crore for the year. The Board also approved appointment of M/s. ABK & Associates, Cost Accountants (Firm Registration No. 000036) as Cost Auditors for FY2026-27 at a remuneration subject to shareholder ratification. The statutory auditors (Haribhakti & Co. LLP) issued unmodified audit reports. The auditors highlighted a contingent tax liability of Rs. 281.59 crore related to GAAR proceedings concerning the demerger of NXT Digital's DMC business; the Bombay High Court has granted an interim stay on this matter.
The narrowing of losses and revenue growth are positive indicators, though the GAAR-related tax demand of Rs. 281.59 crore remains a governance risk if the court rules against the company. The cost auditor appointment is routine and has no material shareholder impact.