HLV LIMITED has informed the Exchange regarding re- appointment of Mr. Dinesh Nair as Co-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) announced audited results for Q4 and FY25, with net profit rising to Rs. 2,613 lakhs (vs Rs. 2,380 lakhs in FY24) on total income of Rs. 21,840 lakhs. EPS improved to Rs. 0.40 from Rs. 0.36. The Board approved the re-appointment of Mr. Vivek Nair as Chairman & Managing Director and Mr. 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. Both are promoters and family members. The Board also appointed M/s. Murali & Venkat as Internal Auditor for FY26 and M/s. RAAM & Associates LLP as Secretarial Auditor for a 5-year term (FY26–FY30). The auditor flagged a 'going concern' assumption tied to ongoing disputes with the Airports Authority of India (AAI) over lease rentals, with disputed cumulative claims of Rs. 15,380 lakhs and a separate Rs. 60,705 lakhs claim for unconstructed hotel land.
Continuity at the top with promoter-family leadership extended for another 5 years provides stability but keeps governance concentrated in the founding Nair family. Investors should note the AAI lease dispute remains the key risk — an adverse outcome could materially impact the Mumbai hotel's operations and the going concern basis. Positively, profits and cash position have improved, though the company carries accumulated losses and no tax provisions.