Hindustan Motors Limited , the iconic Indian automobile manufacturer, has reported its unaudited financial results for the quarter ended September 30, 2025, revealing a complex financial picture amidst ongoing challenges.

Financial Performance

The company reported a total income of Rs. 9.00 lakh for the quarter, which primarily consisted of other income. This figure represents a significant decrease from the previous quarter's total income of Rs. 511.00 lakh. The company's other income for the quarter included Rs. 361.73 lakh from unspent liabilities written back, related to a municipal tax settlement.

Asset Position

As of September 30, 2025, Hindustan Motors' total assets stood at Rs. 6,349.31 lakh, showing a marginal decrease from Rs. 6,424.73 lakh reported on March 31, 2025. The company's financial position reflects a debt-free status, barring a few liabilities mainly on employee accounts, trade payables, and other obligations.

Land Resumption and Legal Challenges

In a significant development, the State of West Bengal took possession of 395 acres of resumed land on July 11, 2025. This action followed a series of legal challenges by the company:

• The Land Reform Commissioner's order dated November 9, 2022, resuming the land
• The company's challenge before the West Bengal Land Reforms and Tenancy Tribunal
• Dismissal of the company's appeal by the Calcutta High Court on May 22, 2025
• Rejection of the company's Special Leave Petition by the Supreme Court on July 16, 2025

Operational Status

Hindustan Motors continues to face operational challenges. The company's Uttarpara plant has remained under "suspension of work" since May 24, 2014, due to low productivity and lack of demand. Despite these hurdles, the management is actively seeking new business partners and technology collaborators to capitalize on its remaining assets.

Financial Outlook

The company's auditors have issued a qualified review report, citing material uncertainty about Hindustan Motors' ability to continue as a going concern. This assessment is based on the land resumption and the prolonged suspension of operations.

Management's Perspective

Despite the challenges, Hindustan Motors' management maintains a forward-looking approach. The company is exploring new avenues for business growth and is in pursuit of potential partnerships to leverage its existing assets. Additionally, the company is engaging with the Government of West Bengal regarding its requests and future plans.

Conclusion

Hindustan Motors finds itself at a critical juncture, balancing its rich legacy with current operational and financial challenges. The coming quarters will be crucial in determining the company's ability to navigate these hurdles and potentially chart a new course for its future in the Indian automotive landscape.

Hindustan Motors Limited, the iconic Indian automobile manufacturer, is set to delist its equity shares from the National Stock Exchange of India Limited (NSE) following a voluntary application. The company, known for producing the Ambassador car, has initiated the delisting process under Regulations 5 and 6 of the SEBI (Delisting of Equity Shares) Regulations, 2021.

Key Delisting Details

Delisting Process and Timeline

Hindustan Motors submitted its application for voluntary delisting to the NSE on August 18, 2025. In response, the NSE issued a circular on September 18, 2025, confirming the delisting schedule:

1. The company's shares will be suspended from trading on the NSE effective October 3, 2025.
2. The formal delisting and withdrawal of admission to dealings in Hindustan Motors' securities will take place on October 10, 2025.

Company's Disclosure

Vishakha Gupta, Company Secretary of Hindustan Motors Limited, informed the Bombay Stock Exchange (BSE) about these developments in a disclosure dated September 19, 2025. The disclosure, made under Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, outlined the delisting process and timeline as communicated by the NSE.

Implications for Investors

Investors and stakeholders of Hindustan Motors should take note of the following:

1. Trading in the company's shares on the NSE will cease after October 2, 2025.
2. The shares will be officially delisted from October 10, 2025.
3. Shareholders may need to explore alternative arrangements for trading their holdings after the delisting.

The voluntary delisting of Hindustan Motors from the NSE marks a significant milestone for the company, which has been a part of India's automotive history for decades. While the reasons for the delisting have not been explicitly stated in the available information, such moves are often associated with strategic corporate decisions or changes in the company's operational focus.

Investors and market participants are advised to stay informed about any further announcements from Hindustan Motors regarding the delisting process and its implications for shareholders.