Appointment of Internal Auditor for Financial Year 2026-27
HLVLTD · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
HLV Ltd reported audited financial results for Q4 and FY 2025-26. Total income declined slightly to Rs 21,427 lakhs from Rs 21,840 lakhs in the prior year. Net profit dropped sharply to Rs 208 lakhs from Rs 2,613 lakhs in the prior year, a decline of about 92%. EPS fell to Rs 0.03 from Rs 0.40. The company also appointed M/s. Murali & Venkat, Chartered Accountants as Internal Auditor for FY 2026-27. Statutory auditors M/s. N. S. Shetty & Co. issued an unmodified opinion but included an Emphasis of Matter regarding major disputes with Airport Authority of India (AAI) over lease rent and eviction proceedings involving disputed amounts of Rs 17,552 lakhs and Rs 80,705 lakhs. The financial statements were prepared on a going concern basis assuming favorable outcomes in these disputes.
The sharp 92% decline in net profit is concerning for shareholders. The significant contingent liabilities from AAI disputes and ongoing legal proceedings create material uncertainty about the company's future operations and financial stability, making this a high-risk filing.