Hinduja Global Solutions Limited ( Hinduja Global Solutions ) has scheduled its 31st Annual General Meeting (AGM) for September 25, 2026. The meeting will commence at 5:00 pm and will be held via Video Conferencing or Other Audio-Visual Means (OAVM).

The company issued this intimation on September 1, 2026, in compliance with Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. This disclosure ensures that shareholders who have not registered their email addresses with the company, Registrar and Transfer Agent (RTA), or Depository Participants are informed of the upcoming corporate action.

Accessing the Annual Report

In accordance with Regulation 36(1) of the SEBI Listing Regulations, electronic copies of the AGM notice and the Annual Report for Financial Year 2025-26 (FY26) have been emailed to shareholders with registered email addresses. For those without registered emails, the documents are accessible via a dedicated weblink and QR code provided in the communication.

Shareholders can also view these documents on the websites of NSDL, BSE Limited, and the National Stock Exchange of India Limited. Physical copies of the Annual Report are available upon request by writing to the investor relations department with the relevant Folio Number or DP ID-Client ID.

Shareholder Updates

Shareholders holding shares in physical mode are requested to register or update their email addresses, communication addresses, bank details, and nomination details by contacting the RTA. Those holding shares in dematerialized mode should coordinate with their respective Depository Participants for any necessary updates.

Hinduja Global Solutions Limited reported a consolidated net loss of ₹66.26 crore for the quarter ended June 30, 2026 (Q1FY27), widening significantly from the net loss of ₹46.33 crore in the corresponding period of FY26. The deterioration was primarily driven by planned phase-outs of large client engagements and associated one-time costs, alongside a marginal decline in revenue from operations to ₹1,050.36 crore from ₹1,056.23 crore year-on-year. Despite the operational headwinds, the Board of Directors approved a final dividend of ₹5 per equity share for the financial year 2025-26, subject to shareholder approval at the upcoming Annual General Meeting.

The company’s total income stood at ₹1,201.16 crore, while total expenses rose to ₹1,253.93 crore. Employee benefits expenses increased to ₹630.75 crore from ₹598.89 crore in Q1FY26, reflecting continued investment in human capital. Finance costs decreased to ₹45.53 crore from ₹57.89 crore, providing some relief to the bottom line. The statutory auditors, Haribhakti & Co. LLP, issued an unmodified review report on the unaudited standalone and consolidated financial results under Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Financial Performance Overview

The key financial metrics for the quarter highlight the pressure on profitability despite stable revenue streams:

Venkatesh Korla, Global CEO of HGS, attributed the financial performance to a focus on disciplined execution and cost optimization. He noted that while the results reflected the impact of a large client phase-out, the company made steady progress in expanding its client portfolio with 19 new logos in digital CX/tech solutions and eight in HRO/Payroll processing during the quarter.

GAAR Tax Dispute and Legal Stay

A material disclosure in the filing concerns an ongoing General Anti-Avoidance Rule (GAAR) related income-tax proceeding. The Income Tax Department had directed the Deputy Commissioner of Income-tax to disregard the brought-forward losses of the demerged entity, NXT Digital, characterizing the arrangement as impermissible avoidance. This directive could result in a potential tax demand of ₹281.59 crore.

However, Hinduja Global Solutions filed a writ petition before the Hon’ble Bombay High Court on November 7, 2025. On December 19, 2025, the Court granted an interim stay on the implementation of the GAAR Panel’s directive. Based on management’s assessment and external legal advice, the company believes its position is tenable and has not recorded any adjustment in the current quarter’s financial statements regarding this matter. The case remains sub-judice.

Strategic Developments and Dividend

Beyond financials, the Board approved the convening of the 31st Annual General Meeting (AGM) on September 25, 2026, via Video Conferencing. The register of members will remain closed from September 19, 2026, to September 21, 2026, for the AGM and dividend payment. Shareholders holding records as of September 18, 2026, will be eligible for the ₹5 per share final dividend, payable within 30 days of shareholder approval.

Additionally, the Board approved the re-appointment of Mr. Amit Saharia as a Non-Executive Non-Independent Director, who retires by rotation. Operationally, HGS incorporated a wholly-owned subsidiary, HGS MENA IT Consulting L.L.C., in Dubai to strengthen its presence in the Middle East and North Africa region. The digital media division, NXTDIGITAL, launched Project GANGA in Uttar Pradesh, aiming to connect over 2 million households with high-speed broadband through 8,000–10,000 digital service providers.