Outcome of Board Meeting held on 20th May,2025
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The Board of Hindustan Appliances Limited approved audited standalone and consolidated financial results for the quarter and year ended 31st March 2025. Statutory auditor ADV & Associates issued an unmodified (clean) opinion on both sets of results. No dividend has been recommended for FY25. The Board also approved the reappointment of Mrs. Kanan Hemang Shah as director (retiring by rotation), appointed D. Kothari & Associates as Secretarial Auditors for a five-year term (FY26 to FY30), and fixed the AGM on 30th June 2025 with the register of members closing from 24th to 30th June 2025. Consolidated results include two wholly-owned subsidiaries, Kshanika Trading and Jogindra Exports.
Shareholders should note there is no dividend for FY25, which may weigh on sentiment for income-focused investors. However, a clean auditor opinion is a positive governance signal. The cash flow statement shows negative operating cash flows on both a standalone and consolidated basis, indicating the company's core operations are consuming cash rather than generating it, which is a watch point for investors.