HLV LIMITED has informed the Exchange regarding Re- appointment of Mr. Vivek Nair as Chairman & Managing Director of the company w.e.f. October 03, 2025.
HLVLTD · price
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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.
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HLV Limited (The Leela) reported FY25 total income of Rs. 21,840 lakhs (up from Rs. 20,890 lakhs in FY24) and net profit of Rs. 2,613 lakhs (up from Rs. 2,380 lakhs), with EPS rising to Rs. 0.40 from Rs. 0.36. Q4 FY25 net profit stood at Rs. 1,074 lakhs versus Rs. 1,035 lakhs in the year-ago quarter. The Board approved the re-appointment of promoter Vivek Nair as Chairman & Managing Director and Dinesh Nair as Co-Chairman & Managing Director, both for a 5-year term from October 3, 2025 to October 2, 2030, subject to shareholder approval. The company also appointed new internal and secretarial auditors. Statutory auditor N.S. Shetty & Co. issued an unmodified opinion, but flagged material going-concern uncertainty due to large disputed claims with the Airports Authority of India (AAI) totaling over Rs. 96,000 lakhs in cumulative contingent liabilities.
Continued promoter-family leadership provides stability, but the large unresolved AAI lease disputes remain a key risk overhang on the stock. Improving profitability and a much stronger cash position (Rs. 5,959 lakhs vs Rs. 253 lakhs) are positives, while pending litigation with minority shareholder ITC and NCLT proceedings add governance uncertainty.