HMT Limited has informed the Exchange regarding 'Outcome of Board Meeting Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015'.
HMT · price
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HMT Limited's Board of Directors, at a meeting held on September 29, 2025, approved two key items. First, the company will write off approximately Rs. 23.87 crore as bad debts, representing uncertain and unrealizable interest on loans previously extended to its wholly owned subsidiary, HMT Machine Tools Limited, for FY 2025-26. Second, the Board appointed M/s. M & A Associates, Practicing Company Secretaries based in Bangalore, as the company's Secretarial Auditor for a five-year term spanning FY 2025-26 to FY 2029-30, pending shareholder approval at the upcoming Annual General Meeting to be held on or before December 31, 2025.
The Rs. 23.87 crore bad debt write-off is a negative signal, indicating that the company is unlikely to recover interest dues from its subsidiary, which may weigh on the stock in the short term. The secretarial auditor appointment is a routine compliance matter with no material impact on shareholders.