Hindustan Motors Limited has scheduled its 84th Annual General Meeting for Wednesday, September 23, 2026. The meeting will be conducted through Video Conferencing or Other Audio Visual Means at 2:00 pm.

Key Dates and Procedures

The Register of Members and Share Transfer Books will remain closed from Thursday, September 17, 2026, to Wednesday, September 23, 2026, inclusive. This closure facilitates the determination of shareholders eligible for the meeting.

Mr. Anjan Roy, a Practicing Company Secretary, has been appointed as the Scrutinizer for the e-voting process. The company issued this communication on August 25, 2026.

Hindustan Motors reported a net loss of ₹2 lakh for the financial year ended March 31, 2026, reversing a net profit of ₹1,556 lakh in the previous year. The deterioration was driven by an exceptional write-off of ₹835 lakh related to the resumption of its Uttarpura plant land by the Government of West Bengal.

The company's total income declined by nearly half to ₹1,226 lakh from ₹2,438 lakh in FY25. With no operational revenue recorded in FY26 compared to ₹224.77 lakh in FY25, the firm relies entirely on other income sources. The Board has not recommended a dividend for the year.

Financial Performance

Operating expenses stood at ₹395.87 lakh, down from ₹570.60 lakh in FY25. Employee benefits expense decreased to ₹137.10 lakh from ₹142.83 lakh. Depreciation charges fell sharply to ₹3.85 lakh from ₹24.39 lakh, reflecting the significant reduction in property, plant, and equipment assets.

What the Numbers Show

The company's profit before tax and exceptional items was ₹830 lakh, yet the final result is a loss. This divergence is entirely due to the ₹835 lakh exceptional item charged for the land write-off. Without this one-time charge, the company would have reported a modest operational profit, highlighting that the core non-operating income generation remains intact despite the cessation of manufacturing activities.

Balance Sheet and Liquidity

Total assets decreased to ₹5,524.54 lakh from ₹6,424.73 lakh. Cash and cash equivalents rose to ₹2,552.50 lakh from ₹1,740.04 lakh, bolstered by investments in bonds worth ₹2,053.20 lakh. The company maintains a positive net worth of ₹3,205.37 lakh, up slightly from ₹3,190.39 lakh in the prior year.

Current liabilities dropped significantly to ₹2,208.50 lakh from ₹3,110.62 lakh, primarily due to a reduction in other financial liabilities. The current ratio improved to 2.46 from 1.76, indicating stronger short-term liquidity coverage.

Corporate Governance and AGM

The 84th Annual General Meeting is scheduled for September 23, 2026, to be held via video conferencing. Key agenda items include the reappointment of director Uttam Bose, who retires by rotation. The company has voluntarily delisted from the National Stock Exchange, with shares now traded only on the BSE.