OUTCOME OF BOARD MEETING
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Awaiting price reaction for this filing.
Hindustan Motors' board, on February 11, 2026, approved its unaudited results for Q3 FY26 (quarter ended Dec 31, 2025) and the nine-month period. Revenue from operations was effectively zero (only minor scrap sales of Rs. 50 lakhs in nine months vs Rs. 225 lakhs a year ago); total income was propped up by other income of Rs. 722 lakhs in 9M FY26. Net profit for the quarter stood at Rs. 7 lakhs versus Rs. 334 lakhs in the year-ago quarter, while nine-month PAT fell sharply to Rs. 421 lakhs from Rs. 1,628 lakhs. The Uttarpara plant has been suspended since May 2014, and the West Bengal government's resumption of 395 acres of factory land was upheld all the way to the Supreme Court (dismissed July 16, 2025). KAMG & Associates issued a Qualified Conclusion on the results, flagging material uncertainty about the company's ability to continue as a going concern, though the company is debt-free, has a positive net worth of Rs. 2,461 lakhs, and is looking for new business or technology partners.
The auditor's going-concern qualification, combined with the loss of the Uttarpara factory land and continued absence of core operations, is a serious red flag that could weigh on sentiment and the stock. On the positive side, the company is debt-free, has rebuilt its net worth from negative territory, and is actively seeking partners to restart business — any concrete revival plan would be a positive trigger.