Hindustan Udyog Limited (HUL), a company listed on the Bombay Stock Exchange (BSE), has announced the re-appointment of Mr. Gopal Krishna Agarwal as Executive Director for a two-year term, subject to shareholder approval. The decision was made during a board meeting held on August 19, 2025.

Key Details of the Re-appointment

Board Meeting Highlights

The board meeting, which took place at the company's registered office in Kolkata, commenced at 3:00 PM and concluded at 3:30 PM. During this 30-minute session, the directors deliberated on and approved Mr. Agarwal's re-appointment.

Regulatory Compliance

In compliance with Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, Hindustan Udyog Limited promptly disclosed this information to the BSE. The company also adhered to the SEBI Master Circular No. SEBI/HO/CFD/PoD2/CIR/P/0155 dated November 11, 2024, by providing detailed information about the re-appointment.

Company Information

Hindustan Udyog Limited, with its Corporate Identification Number (CIN) L27120WB1947PLC015767, has its registered office at "TRINITY PLAZA" 3rd Floor, 84/1A, Topsia Road (South), Kolkata- 700 046, India.

This re-appointment reflects the company's confidence in Mr. Agarwal's leadership and his potential contribution to Hindustan Udyog Limited's future growth and development. Shareholders will have the opportunity to vote on this re-appointment at the forthcoming Annual General Meeting.

Hindusthan Udyog Limited , a Kolkata-based company, has reported a significant increase in its consolidated net profit for the first quarter. The company's financial results, approved by its Board of Directors on August 14, showcase a remarkable turnaround in its performance compared to the same period last year.

Key Financial Highlights

• Consolidated Net Profit: Rs 957.46 crore, up from Rs 1,603.28 crore in the previous year's quarter
• Standalone Net Profit: Rs 27.67 crore, compared to a loss of Rs 28.82 crore in the previous year's quarter
• Other Income (Standalone): Increased to Rs 131.81 crore from Rs 85.85 crore year-on-year
• Total Comprehensive Income (Consolidated): Rs 2,648.28 crore
• Earnings Per Share (Consolidated): Rs 15.46, compared to Rs 25.88 in the previous year's quarter

Performance Analysis

The substantial growth in Hindusthan Udyog's consolidated net profit can be primarily attributed to the profit from associate companies, which contributed Rs 925.79 crore. This significant boost from associates underscores the company's strategic investments and partnerships.

On a standalone basis, Hindusthan Udyog has shown a noteworthy turnaround, moving from a loss of Rs 28.82 crore to a profit of Rs 27.67 crore in the current quarter. This improvement indicates effective cost management and operational efficiency.

It's worth noting that Hindusthan Udyog Limited does not report any revenue from operations, generating income primarily from other sources. The increase in other income on a standalone basis from Rs 85.85 crore to Rs 131.81 crore year-on-year has significantly contributed to the company's profitability.

Financial Position

Other Developments

In addition to the financial results, Hindusthan Udyog's Board of Directors has approved the re-appointment of Mr. B.K. Mawandia (DIN: 08770046) as an Independent Director for a term of five years, subject to shareholder approval at the upcoming Annual General Meeting.

The company has also appointed M/s. Vidhya Baid & Co., a Peer Reviewed Company Secretary firm, as the Secretarial Auditor for a period of five years.

These financial results and corporate actions reflect Hindusthan Udyog's focus on strengthening its governance structure while improving its financial performance. The company's ability to turn around its standalone operations and leverage its associate companies for significant profit contribution positions it well for future growth.