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

HLV Limited has announced a board meeting approving the audited financial results for the quarter and year. Net sales were Rs. 59.26 Cr (quarter) and Rs. 203.31 Cr (year), with net profit at Rs. 10.74 Cr (quarter) and Rs. 26.13 Cr (year), including exceptional gains and losses from property sales. The company is involved in legal disputes with the Airports Authority of India over lease rentals and eviction notices, which are not reflected in the accounts due to their contingent nature. Management remains confident about the company’s ongoing viability. The board approved the re-appointment of Mr. Vivek Nair as Chairman & MD and Mr. Dinesh Nair as Co-Chairman & MD, each for five years, pending shareholder approval. New Internal and Secretarial Auditors were appointed for five years, while the statutory auditor issued an unmodified opinion.