HLV LIMITED has informed the Exchange regarding Change in Auditors of the company.
HLVLTD · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
HLV Limited reported audited financial results for Q4 and FY2026 with an unmodified opinion from statutory auditor N.S. Shetty & Co. Total income for the year was Rs. 21,427 lakhs, slightly down from Rs. 21,840 lakhs in FY2025. Net profit crashed to Rs. 208 lakhs from Rs. 2,613 lakhs in the previous year—a 92% decline. EPS dropped to Rs. 0.03 from Rs. 0.40. The Board also appointed M/s. Murali & Venkat as Internal Auditor for FY2026-27. Key concerns include disputed AAI lease rent claims totaling Rs. 17,552 lakhs (cumulative) plus Rs. 80,705 lakhs claim, with eviction proceedings initiated for the Mumbai hotel property. The financial statements are prepared on a going concern basis assuming favorable legal outcomes.
The sharp 92% decline in net profit and massive contingent liabilities from the AAI dispute represent significant concerns for shareholders. The company's going concern assumption hinges on winning favorable rulings in ongoing legal battles, which adds substantial uncertainty to the stock.