Hindustan Appliances concluded its 42nd Annual General Meeting (AGM) on July 30, 2026, at its registered office in Mumbai, marking the formal adoption of its financial results for FY26 and key changes to its Board of Directors. The meeting, chaired by Managing Director Kalpesh Rameshchandra Shah, served as the primary forum for shareholders to approve the company’s audited standalone and consolidated financial statements for the year ended March 31, 2026, alongside the reports of the Board and Auditors.

The proceedings were conducted in compliance with Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. A total of 44 members were present at the meeting, satisfying the requisite quorum. All directors of the company attended, along with the chairpersons of the Audit Committee, Nomination and Remuneration Committee, and Stakeholders Relationship Committee. Both the Statutory Auditor and the Secretarial Auditor were also present to address any queries regarding the financial and compliance reports.

Shareholders exercised their voting rights through remote e-voting and ballot papers. The e-voting facility was available from 9:00 AM on July 27, 2026, to 5:00 PM on July 29, 2026, based on the cut-off date of July 23, 2026. M/s D. Kothari & Associates was appointed as the scrutinizer to oversee the electronic and ballot voting processes. Members present at the venue who had not voted electronically were provided ballot papers to cast their votes during the meeting.

The agenda included three ordinary resolutions, all of which were taken up for consideration:

Kalpesh Rameshchandra Shah, who retires by rotation, offered himself for re-appointment and was eligible for the position. Additionally, Julie Mehul Shah was appointed as a director of the company. No questions or clarifications were raised by the members during the session. The consolidated results of the voting are expected to be declared within two working days upon receipt of the Scrutinizer’s Report and will be communicated to BSE Limited and posted on the company’s website.

Hindustan Appliances Limited has scheduled its 42nd Annual General Meeting (AGM) for Wednesday, July 30, 2026, at 3.00 p.m. IST via video conferencing. The meeting will be held to transact business as stated in the notice, with the remote e-voting facility available to members from July 27, 2026, to July 29, 2026. The company has completed the dispatch of the notice and the Annual Report for the financial year 2025-26 through email on July 7, 2026.

The Board of Directors has recommended the re-appointment of Kalpesh Rameshchandra Shah as Managing Director, who retires by rotation at the ensuing AGM. Additionally, the Board proposed the appointment of Mrs. Julie Mehul Shah as a Director, subject to shareholder approval. The Register of Members and Share Transfer Books will remain closed from July 24, 2026, to July 30, 2026, for the AGM.

Financial Performance

For the financial year ended March 31, 2026, the company reported a consolidated net loss of ₹5.92 lakh, a reversal from the net profit of ₹14.66 lakh in the previous year. Revenue from operations declined to ₹60.76 lakh from ₹62.37 lakh in FY25, primarily due to higher employee benefit expenses which rose to ₹58.10 lakh from ₹34.04 lakh. Total expenses increased to ₹71.97 lakh on a consolidated basis for FY26, up from ₹47.71 lakh in the previous year.

Figures in ₹ Lakhs

Governance and Compliance

In view of the losses incurred during the year, the Directors have not recommended any dividend for FY26. The auditors, M/s. A D V & Associates, issued an unmodified opinion on the financial statements. The company’s shares are listed on BSE Limited with the code 531918.