HLV Limited submitted newspaper clippings of its financial results for the third quarter and nine months ended December 31, 2025 to stock exchanges under Regulation 47 of SEBI (LODR) Regulations 2015. The hospitality company published its results in Free Press Journal (English Daily) and Navshakthi (Marathi Daily) on February 13, 2026.

Financial Performance Overview

The company's financial performance for Q3FY26 showed resilience with a net profit of Rs 687 lakhs compared to Rs 1,027 lakhs in the corresponding quarter of the previous year. However, the nine-month period reflected challenges with a net loss of Rs 652 lakhs against a profit of Rs 1,538 lakhs in the previous year.

Nine-Month Performance Analysis

The nine-month performance revealed operational challenges, with the company reporting a net loss of Rs 652 lakhs for the period ended December 31, 2025, compared to a profit of Rs 1,538 lakhs in the corresponding period of the previous year. Total income declined to Rs 14,661 lakhs from Rs 15,495 lakhs, representing a decrease of 5.38%.

Regulatory Compliance and Publication

Company Secretary Sucheta Chaturvedi submitted the newspaper clippings to BSE Limited (Scrip Code: 500193) and National Stock Exchange of India Limited (Scrip Code: HLVLTD) on February 13, 2026. The submission was digitally signed and filed pursuant to regulatory requirements for public disclosure of financial results.

Board Appointments and Governance

The Board of Directors approved the re-appointment of Mr. Ashok Rajani as Independent Director for a five-year term effective March 30, 2026 to March 29, 2031, subject to shareholder approval. Mr. Rajani, aged 77 years with a B.Com qualification, brings over five decades of experience in textile industries, management, and operations.

Operational Challenges and Legal Disputes

The company continues to face significant legal challenges with Airports Authority of India (AAI) regarding lease agreements. The auditor's report highlighted disputed amounts of Rs 543 lakhs for the quarter and Rs 17,009 lakhs cumulatively up to December 31, 2025, related to enhanced rental demands for the Mumbai hotel. Additionally, AAI has claimed Rs 80,705 lakhs as of January 31, 2019, towards rent and minimum guarantee amounts for an 11,000 sq. mtrs land lease where a proposed hotel was not constructed.

The company has prepared its financial results on a going concern basis, assuming favorable judgments and settlements in ongoing disputes with AAI, including lease renewals. The Supreme Court of India dismissed a case filed by Resources Aviation Redressal Association (ROAR) on December 18, 2025, regarding the granting of adhoc lease extensions.

HLV Limited has officially notified stock exchanges about an upcoming board meeting scheduled for February 12, 2026, to review and approve the company's quarterly financial performance. The announcement, made on February 04, 2026, follows regulatory requirements under SEBI guidelines.

Board Meeting Details

The Board of Directors meeting has been convened to consider and approve several key financial documents for the reporting period. The primary agenda focuses on the company's operational and financial performance during the recent quarter.

Regulatory Compliance

The meeting notification has been issued pursuant to Regulation 29 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. This regulation mandates listed companies to inform stock exchanges about board meetings where financial results will be considered.

Trading Window Restrictions

In accordance with insider trading regulations, HLV Limited has implemented trading restrictions to ensure market integrity. The company has established specific timelines for when trading activities can resume following the board meeting.

Corporate Governance Framework

The trading window closure aligns with the company's Code of Conduct for Regulating, Monitoring, and Reporting of Trading by insiders. This framework ensures compliance with regulatory requirements and maintains transparency in corporate disclosures. Company Secretary Sucheta Chaturvedi has signed the official notification, confirming the company's adherence to prescribed governance standards.