Hindustan Appliances Ltd — Updates, 06-06-2025: Company Update

Hindustan Appliances Limited has announced a board meeting for consideration and adoption of the financial results for the quarter and half-year ended March 31, 2025, along with the approval of the annual report. The Annual General Meeting (AGM) is scheduled to be held at the company's registered office. The Board proposes the re-appointment of Mr. Sanjay Amratlal Desai, retiring by rotation. It also seeks shareholder approval to appoint M/s. D. Kothari & Associates as Secretarial Auditor for five years from FY 2025-26 to FY 2029-30. The company reported a net profit of Rs. 15.28 Lakhs on a standalone basis and Rs. 14.66 Lakhs on consolidated basis for FY 2024-25, reflecting steady operational performance. No dividend is recommended for the year.

The company has undergone changes in its Board of Directors, including the resignation of Mrs. Kanan Hemang Shah and the appointment of three new independent directors. Internal controls and compliance systems are confirmed to be adequate, with no material weaknesses observed. There are no ongoing material litigations or frauds reported, and corporate governance practices meet regulatory expectations. Shares continue to be predominantly held in dematerialized form (71.54%), facilitating liquidity. Related party transactions are conducted at arm’s length and in the ordinary course of business. The company’s outlook remains positive while managing normal industry risks and maintaining robust governance and risk frameworks.