hvax technologies disclosed that its promoters hold 18,50,703 equity shares, representing 66.65% of the company's total shareholding as of March 31, 2026. The filing confirms that no shares were encumbered, directly or indirectly, by the promoters during the financial year ended March 31, 2026.

The disclosure was submitted to the National Stock Exchange of India Limited by Nirbhaynarayan Sudarshan Singh, a promoter of the company, on behalf of all promoters and the promoter group. The declaration was made in compliance with Regulation 31(4) of the SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011.

Promoter Shareholding Breakdown

The detailed shareholding pattern indicates that the top two individual promoters hold the majority of the stake. Prayagdatt V Mishra and Nirbhaynarayan Sudarshan Singh each hold approximately 33.32% of the total equity shares.

The remaining entities listed in the promoter group, including corporate bodies such as HVAX Engineering and PNX Enterprises LLP, reported zero shareholding as of the specified date.

HVAX Technologies Limited announced its audited financial results for the financial year ended March 31, 2026, reporting a 29.5% year-on-year increase in net profit to ₹1,430.39 lakh. Revenue from operations for the year stood at ₹16,020.80 lakh, compared to ₹13,103.19 lakh in the previous year. The board approved the standalone and consolidated financial statements during its meeting on May 22, 2026.

Key Appointments

In a significant leadership change, the board appointed Mr. Rajendra Prasad Kharita as the Chief Financial Officer effective May 22, 2026. Mr. Kharita brings over 20 years of experience in supply chain management and financial operations. Additionally, the board appointed M/s Parth Nair and Associates as the Secretarial Auditor and M/s CHK & Associates as the Internal Auditor for the financial year 2026-27.

Financial Performance

The company's total revenue for FY26 reached ₹16,727.02 lakh, up from ₹13,142.09 lakh in the previous year. Total expenses increased to ₹14,807.02 lakh. Earnings per share (EPS) for the year improved to ₹51.50 from ₹45.90 in the prior year. The statutory auditors, M/s Keyur Shah & Associates, issued an unmodified opinion on the audit reports.

Related Party Transactions

The board approved related party transactions for the financial year 2026-27. Transactions with M/s Forgex Technologies Limited for the purchase of goods and materials, including labour charges, were capped at ₹75 crore per annum. Additionally, rent payments to M/s PNX Enterprises LLP were approved up to ₹2 crore per annum.