HLV LIMITED has informed the Exchange regarding appointment of M/s. Murali & Venkat, Chartered Accountants, as Internal Auditor for financial year 2025-26
HLVLTD · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
On the reaction day the stock moved 3.1 pts more than Nifty Microcap 250 and 3.0 pts more than its Hotels & Resorts peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.
Minute windows have no benchmark: there is no intraday index history to compare against.
HLV Limited (operator of The Leela hotels) reported audited FY25 results with total income of Rs. 21,840 lakhs vs Rs. 20,890 lakhs in FY24 (~4.5% growth) and net profit of Rs. 2,613 lakhs vs Rs. 2,380 lakhs (~9.8% growth). EPS rose to Rs. 0.40 from Rs. 0.36. The statutory auditor (N.S. Shetty & Co.) issued an unmodified opinion but included an Emphasis of Matter highlighting major ongoing disputes with the Airports Authority of India (AAI) over Mumbai hotel land leases, with cumulative disputed amounts of around Rs. 15,380 lakhs and Rs. 60,705-80,705 lakhs not provided for in the books, and noting that the results are prepared on a 'going concern' basis dependent on favorable outcomes. The Board re-appointed Vivek Nair as Chairman & MD and Dinesh Nair as Co-Chairman & MD for 5 years (Oct 2025 to Oct 2030), appointed M/s. Murali & Venkat as Internal Auditor for FY 2025-26, and M/s. RAAM & Associates LLP as Secretarial Auditor for 5 years (FY 2025-26 to FY 2029-30).
Profitability improved modestly, but the AAI lease disputes and eviction proceedings remain a significant overhang — combined contingent exposure exceeds Rs. 75,000 lakhs and the company's going concern status depends on favorable rulings and lease renewal. Shareholders should weigh improving operational performance against the unresolved regulatory and legal risks tied to the Mumbai hotel's land lease.