HP Telecom India Limited has scheduled its 15th Annual General Meeting for July 22, 2026, to seek shareholder approval for four material related party transactions totaling ₹2,282 crore. The meeting, to be held at the company's registered office in Surat, will also address the adoption of audited financial statements for the financial year ended March 31, 2026, and proposals to increase borrowing limits and managerial remuneration.

The board has identified transactions with HV Connecting Infra (India) Private Limited, Telecom Merchant, Communication Merchants, and RP Distributors as material under SEBI regulations. These approvals are sought for the period from April 01, 2026, until the conclusion of the Annual General Meeting for the financial year ending March 31, 2027. The transactions involve the sale and purchase of goods, services, loans, and borrowings.

Related Party Transactions

Shareholders will vote on omnibus approvals for transactions with four related parties. The largest proposed transaction is with HV Connecting Infra (India) Private Limited, valued at ₹755 crore, representing 31.57% of the company's annual consolidated turnover. Other proposed limits include ₹645 crore with Telecom Merchant, ₹665 crore with Communication Merchants, and ₹217 crore with RP Distributors.

The Audit Committee approved these proposals on June 26, 2026, noting that the transactions will be conducted at arm's length and in the ordinary course of business. Key managerial personnel, including Managing Director Vijay Lalsingh Yadav and Whole Time Director Seemabahen Vijay Yadav, hold interests in these related parties.

Borrowing and Remuneration

The company proposes to increase its overall borrowing limit to ₹300 crore, exceeding 100% of its aggregate paid-up capital, free reserves, and securities premium. This limit includes the authorization to pledge, mortgage, or hypothecate movable and immovable properties to secure borrowings from banks, financial institutions, or foreign lenders.

Additionally, the board has recommended increasing the remuneration of Managing Director Vijay Lalsingh Yadav to ₹1.20 crore per annum and Whole Time Director Seemabahen Vijay Yadav to ₹60 lakh per annum, effective from April 01, 2026. The revisions follow recommendations from the Nomination and Remuneration Committee.

Governance and Voting

Mr. Bharatlal Lalsingh Singh, Non-Executive Director, is liable to retire by rotation at the upcoming meeting and, being eligible, offers himself for re-appointment. Remote e-voting will be available from July 19, 2026, to July 21, 2026, for shareholders entitled to vote as on the record date of July 15, 2026. Mr. Bhaveshkumar Arjunkumar Rawal has been appointed as the Scrutinizer for the meeting.

hp telecom reported a significant increase in net profit for the financial year ended March 31, 2026, rising 102.6% to ₹2,548.80 lakh from ₹1,257.84 lakh in the prior year. Revenue from operations grew to ₹2,39,168.63 lakh for the year, compared to ₹1,59,615.81 lakh in FY25. The company’s board approved the standalone audited financial results for the half year and year ended March 31, 2026, during a meeting held on May 26, 2026.

Financial Performance

The growth in profitability was supported by a rise in total income, which reached ₹2,39,868.55 lakh for FY26. Total expenses for the year stood at ₹2,36,437.72 lakh. For the half year ended March 31, 2026, the company recorded a net profit of ₹1,765.09 lakh on revenue from operations of ₹1,41,260.05 lakh.

Key Metrics

The earnings per share (EPS) for continuing operations improved to ₹21.39 for FY26 from ₹13.94 in the previous year. The net worth of the company increased to ₹10,095.01 lakh as of March 31, 2026, up from ₹7,546.21 lakh a year ago. The debt-equity ratio was reported at 1.70.

Auditor and Governance

M/s. R P R & Co., Chartered Accountants, issued an audit report with an unmodified opinion on the financial results. The board also appointed M/s. Varsha Gohil & Associates, Chartered Accountants, as the internal auditor for the financial year 2026-27. The company confirmed that there were no investor complaints pending or received during the year.