HS India Limited accepted the resignation of Shiladitya Mukherjee from the position of Associate Vice President, effective June 15, 2026. The resignation was submitted with immediate effect due to various assignments in the hospitality business and a desire to reduce commitments. The company confirmed that there are no other material reasons for the departure beyond those stated in the resignation letter.

The disclosure was made to BSE Limited pursuant to Regulation 30 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015. Mukherjee was classified as a Senior Management Personnel under Regulation 16(1)(d) of the said regulations. The management acknowledged his contributions during his tenure.

The resignation letter addressed to the Board of Directors and the Nomination & Remuneration Committee confirmed the cessation of duties. Mukherjee expressed gratitude to the management and colleagues for the opportunity and support during his service.

HS India Limited reported a 14.8% rise in net profit to ₹162.12 lakh for the financial year ended March 31, 2026, driven by lower finance costs and improved operational efficiency, even as revenue from operations declined. The board approved the audited financial results for the year and the quarter ended March 31, 2026, during a meeting held on May 28, 2026.

Revenue from operations for FY26 decreased by 3.1% to ₹2,609 lakh from ₹2,692.17 lakh in the previous year. Total revenue for the year stood at ₹2,659.20 lakh. The company managed to reduce its total expenses to ₹2,444.72 lakh from ₹2,538.29 lakh in FY25. Notably, finance costs for the year fell to ₹117.87 lakh compared to ₹155.63 lakh in the prior year.

For the quarter ended March 31, 2026, the company recorded a net profit of ₹75.80 lakh, an increase from ₹43.86 lakh in the same quarter of the previous year. Revenue from operations for the quarter was ₹725.87 lakh, slightly lower than the ₹731.77 lakh reported in the corresponding period of FY25. Total expenses for the quarter were reduced to ₹641.47 lakh from ₹686.52 lakh.

The board, in its meeting chaired by Pushpendra Bansal, approved the standalone audited financial results. The statutory auditors, K. K. Haryani & Co., issued an audit report with an unmodified opinion on the financial results. The company operates a single segment focused on hotelier activities.

Financial Performance Summary

Quarterly Performance (Q4FY26)

The company's earnings per share (EPS) for the year improved to ₹1.00 from ₹0.86 in the previous year. The closing cash and cash equivalents as of March 31, 2026, were reported at ₹508.51 lakh.