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.

HLV Limited has achieved a significant legal victory with the Supreme Court of India dismissing a petition filed against the company. The court's decision brings closure to a prolonged litigation that has been ongoing since 2013, involving land lease agreements with the Airports Authority of India (AAI).

Case Background and Timeline

The legal dispute originated from two lease deeds executed between HLV Limited and AAI on October 19, 1983 and November 22, 1983. These agreements involved the allocation of land parcels measuring 9,000 square meters each, totaling 18,000 square meters to HLV Limited.

Legal Proceedings and Parties

Resources of Aviation Redressal Association (ROAR) filed a Public Interest Litigation challenging the land lease arrangements, despite not being a party to the original transaction between HLV Limited and AAI. The organization filed Writ Petition (PIL) No. 85 of 2013 titled "ROAR vs. (i) Union of India, (ii) AAI and (iii) HLVL," with HLV Limited being impleaded as the third respondent.

The Bombay High Court's Division Bench disposed of the PIL on February 23, 2016. Subsequently, ROAR approached the Supreme Court by filing a Special Leave Petition bearing number 12090/2016, challenging the High Court's decision.

Supreme Court Decision

The Supreme Court heard all parties involved in the case and dismissed ROAR's petition. The dismissal effectively upholds the earlier Bombay High Court order and validates HLV Limited's position in the land lease dispute.

Regulatory Compliance

HLV Limited disclosed this development in compliance with Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The company had previously updated stakeholders about this litigation through a letter dated August 22, 2023, and continues to maintain transparency regarding pending legal matters as required by regulatory frameworks.

The Supreme Court's dismissal of the petition represents a favorable outcome for HLV Limited, concluding a legal challenge that has persisted for over a decade since the original PIL was filed in 2013.