Outcome of Board meeting is hereby submitted
Awaiting price reaction for this filing.
The Board of Hindustan Fluorocarbons Ltd (HFL) met on 12th August 2025 and approved unaudited financial results for Q1 FY26 (quarter ended 30th June 2025). Total income stood at Rs. 51.98 lakhs, down from Rs. 56.04 lakhs in Q1 FY25. Profit after tax rose slightly to Rs. 27.93 lakhs (vs Rs. 26.05 lakhs), with EPS of Rs. 0.14. All income and profit came from discontinued operations, as continuing operations reported zero. Statutory auditors AVRSK & Associates issued an unmodified (clean) limited review report with no qualifications. The Board also approved the Directors' Report for FY25, fixed 18th September 2025 as the record date for the 42nd AGM, and appointed M/s ASKBN & Co as Secretarial Auditors for five years. The CAG issued a 'Nil comment' certificate on FY25 accounts.
Routine quarterly filing with no major surprises, but the underlying business remains a cause for concern — the factory has been shut since January 2020, all operations are classified as discontinued, continuing operations are nil, and the company carries negative reserves of Rs. 11,780 lakhs against equity capital of Rs. 1,961 lakhs, pointing to serious going-concern risk for shareholders.