OUTCOME OF BOARD MEETING

Going-concern doubtQualified audit opinionRevenue declinedResults View source PDF Explain this filing

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Price reactionminutes from the announcement price · days from the prior close

-1.0%Reaction day

₹17.20

prior close

₹17.25

announcement price

After-mkt

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Nifty Microcap 250market · in no size index; the smallest one is used-0.5%-0.6% vs market

Passenger Cars & Utility Vehicles peers, median of 6sector-1.4%+0.3% vs sector

On the reaction day the stock moved 0.6 pts less than Nifty Microcap 250 and 0.3 pts more than its Passenger Cars & Utility Vehicles peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.

Minutes after the announcementfrom the announcement price · no benchmark

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Reaction day

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Next day

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15d

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+6.7+2.6+4.1-13.7+20.5

UpDownMarket · Nifty Microcap 250Sector · Passenger Cars & Utility Vehicles peers, median of 6Pending

Minute windows have no benchmark: there is no intraday index history to compare against.

AI summary

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.

Likely market impact

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.