Hindoostan Mills Ltd — Board Meeting, 14-05-2025: Board Meeting

Hindoostan Mills has announced a board meeting approving the audited financial results for the quarter and year ended March 31, 2025, with the auditor issuing an unmodified opinion. The company reported a net loss of Rs. 10.77 Cr for the year, compared to a profit of Rs. 1.27 Cr last year, mainly due to ongoing losses in the textile division. The Board has decided to close the textile division, subject to government approval, which held assets of Rs. 11.15 Cr against liabilities of Rs. 9.32 Cr as of year-end. The engineering segment showed some profitability, but the overall business remains under pressure. The Board also reappointed Ms. Geeta J. Palan as Woman Independent Director for five years and proposed a five-year term for the secretarial auditor, pending shareholder approval.