Housing Development and Infrastructure Limited has informed the Exchange regarding Board meeting held on January 13, 2026.
HDIL · price
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Awaiting price reaction for this filing.
HDIL, which has been under Corporate Insolvency Resolution Process (CIRP) since August 2019, submitted its unaudited standalone financial results for Q2 and H1 FY26 (ended Sept 30, 2025), signed by Resolution Professional Mr. Abhay Manudhane. The company reported a net loss of Rs. 246.56 lakhs for the quarter and Rs. 489.74 lakhs for the half year, with total income collapsing to Rs. 158.36 lakhs (H1 FY26) from Rs. 2,028.96 lakhs (H1 FY25). Operating cash outflow worsened to Rs. -746.90 lakhs. The auditor (Dayal and Lohia) issued a 'Disclaimer of Conclusion' and flagged a 'Material Uncertainty Relating to Going Concern,' noting that results are still prepared on a going concern basis despite the company being unable to consolidate subsidiary accounts, reconcile most bank accounts, or assess impairment of assets.
For shareholders, this filing confirms HDIL remains in deep financial distress under insolvency proceedings with a liquidation application already filed before NCLT. The auditor's disclaimer of conclusion and going concern warning signal very high risk; equity holders face a near-total loss scenario as the outcome now depends on NCLT/NCLAT decisions on pending resolution plans and appeals, not on operating performance.