HLV LIMITED has informed the Exchange regarding Notice of Annual General Meeting to be held on September 23, 2025
HLVLTD · price
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HLV Limited (the operator of The Leela Mumbai hotel) has informed exchanges that its 44th AGM will be held on September 23, 2025 at 11:00 AM via video conferencing, with e-voting open from September 19-22, 2025. The company reported FY 2024-25 total income of Rs. 218.40 Crores and net profit of Rs. 26.12 Crores, a 9.76% increase over the previous year's Rs. 23.80 Crores. Hotel occupancy stood at 74% (down from 76%), but the average room rate improved to Rs. 11,105 from Rs. 10,193, lifting RevPAR to Rs. 8,255. The Board has not recommended any dividend for the year and is seeking shareholder approval to re-appoint Vivek Nair and Dinesh Nair as Chairman & MD and Co-Chairman & MD respectively for another five-year term. Several ongoing legal matters are noted, including the Brookfield transaction dispute with ITC, an AAI lease rental dispute over Mumbai hotel land, and a Hyderabad land-related case now before the Supreme Court.
Shareholders should note the modest but steady profit growth and improving room rates, though occupancy dipped slightly. The absence of a dividend means no income for investors from this stock, while key director re-appointments and pending litigation outcomes (Brookfield, AAI) remain the main things to watch for the stock's direction.