Hindusthan Udyog Limited reported a 29.3% year-on-year increase in standalone net profit to ₹844.51 lakh for the financial year ended March 31, 2026. The company's consolidated net profit rose 21.6% to ₹6,684.11 lakh during the same period, primarily driven by income from associate companies. The board approved the audited standalone and consolidated financial results for the quarter and year ended March 31, 2026, at a meeting held on May 29, 2026.

The statutory auditors, M/s. Salarpuria & Partners, issued an unmodified opinion on the financial results. The audit report confirms compliance with Regulation 33 of the SEBI (LODR) Regulations, 2015, and Indian Accounting Standards (Ind AS). Other income for the year stood at ₹1,328.18 lakh on a standalone basis, which included a dividend of ₹807.33 lakh from associate WPIL Ltd.

Standalone Financial Performance

Consolidated Financial Performance

The company's total assets stood at ₹16,219.95 lakh on a standalone basis and ₹79,059.04 lakh on a consolidated basis as of March 31, 2026. Reserves excluding revaluation reserve increased to ₹14,081.86 lakh standalone and ₹76,883.31 lakh consolidated. The board meeting commenced at 3:00 P.M. and concluded at 4:45 P.M. on May 29, 2026.

Hindusthan Udyog Limited has issued a postal ballot notice seeking shareholder approval for the re-appointment of an Independent Director. The notice, dated 26th February, 2026, was submitted to BSE Limited under Regulation 30 of the SEBI (LODR) Regulations, 2015.

Director Re-appointment Details

The company is seeking approval for the re-appointment of Mr. S.K. Roychowdhury (DIN: 09116850) as an Independent Director for a second term of five consecutive years. His current term is scheduled to expire on 1st April, 2026, and the proposed new term will commence from 2nd April, 2026.

Voting Schedule and Process

The postal ballot voting process has been structured with specific timelines for member participation. The Board of Directors approved the re-appointment at its meeting held on 26th February, 2026, based on the recommendation of the Nomination and Remuneration Committee.

Director Profile and Qualifications

Mr. S.K. Roychowdhury brings significant industry experience to the Board. His first appointment as Independent Director was on 2nd April, 2021, and he has confirmed that he fulfills the criteria of independence as prescribed under Section 149(6) of the Companies Act, 2013.

Regulatory Compliance and Age Consideration

In terms of Regulation 17(1A) of the Listing Regulations, approval by Special Resolution is required for continuation of a Non-Executive Director who has attained the age of 75 years. The Board, based on the Nomination and Remuneration Committee's recommendation, believes Mr. Roychowdhury's continued association would benefit the company considering his extensive industry experience and expertise.

Voting Methods and Member Access

Members can exercise their voting rights through two methods:

• E-voting facility: Provided by NSDL through their online platform
• Postal ballot form: Physical form submission to the Scrutinizer

Members can opt for only one mode of voting. If votes are cast through both methods, e-voting will prevail and the postal ballot form will be treated as invalid. The postal ballot notice and forms are being sent electronically to members whose email addresses are registered with the company or depositories.

Committee Positions

Mr. Roychowdhury currently holds key committee positions in his other directorships:

Asutosh Enterprises Limited:

• Audit Committee – Chairman
• Nomination and Remuneration Committee – Member

Bengal Steel Industries Limited:

• Audit Committee – Chairman
• Nomination and Remuneration Committee – Member

The company's registered office is located at Trinity Plaza, 3rd Floor, 84/1A, Topsia Road (South), Kolkata- 700 046, and the results will be declared at this location following the completion of the scrutiny process.