HLV LIMITED — Others, 22-05-2025: Appointment

HLV Limited has announced a board meeting approving the financial results for the quarter and half-year, reporting total income of Rs. 218.40 Cr and net profit of Rs. 26.13 Cr for the year. Earnings per share stood at Rs. 0.40. Exceptional items included profit from sale of assets and losses on joint development property. The company is involved in ongoing legal disputes over lease rent demands and evictions related to its Mumbai hotel, expecting favorable outcomes. The Board approved re-appointment of Mr. Vivek Nair as Chairman & Managing Director and Mr. Dinesh Nair as Co-Chairman & Managing Director for five years, pending shareholder approval. New internal and secretarial auditors were also appointed.