Hindustan Motors Limited — Board Meeting, 22-05-2025: Outcome of Board Meeting

Hindustan Motors has announced a board meeting on the financial results for the quarter and half-year. The company swung back to profitability with a net profit of ₹15.67 Cr, driven largely by gains from selling obsolete assets. Net worth turned positive at ₹24.61 Cr, with no debt except for employee and trade liabilities. Strong liquidity cushions the balance sheet. The board plans to appoint M/s RBM & Associates as Secretarial Auditors for five years. Focus remains on cost-cutting and exploring new business opportunities following the resolution of land resumption issues at the Uttarpara plant.