HLV LIMITED has informed the Exchange regarding appointment of M/s. RAAM & Associates LLP, Company Secretaries, as Secretarial Auditor for a period of five consecutive years.
HLVLTD · price
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The Board of HLV Limited (which runs The Leela hotels) approved audited results for Q4 and FY ended March 2025. Total income for the year rose to Rs. 21,840 lakhs from Rs. 20,890 lakhs a year ago, while net profit grew to Rs. 2,613 lakhs from Rs. 2,380 lakhs, taking EPS to Rs. 0.40 (vs Rs. 0.36). Q4 net profit stood at Rs. 1,074 lakhs on income of Rs. 6,345 lakhs. The Board re-appointed Vivek Nair as Chairman & Managing Director and Dinesh Nair as Co-Chairman & Managing Director, each for a fresh five-year term starting October 2025, subject to shareholder approval. M/s. Murali & Venkat was appointed as Internal Auditor for FY26, and M/s. RAAM & Associates LLP was appointed as Secretarial Auditor for five years (FY26–FY30). The statutory auditor (N.S. Shetty & Co.) issued an unqualified opinion, but flagged large ongoing disputes with the Airports Authority of India over Mumbai hotel land lease, with cumulative disputed claims of around Rs. 15,380 lakhs and Rs. 60,705 lakhs, on which the Board continues to rely on a 'going concern' assumption.
Modest earnings growth and continuity at the top are positives, but shareholders should note the unresolved AAI lease disputes worth over Rs. 76,000 lakhs that could materially affect the Mumbai hotel operations if rulings go against the company. The pending ITC minority shareholder appeal in the Brookfield business transfer case is another key overhang to watch.