HLV Limited , a prominent player in the hospitality sector, has announced a significant change in its key managerial personnel. Ms. Savitri Yadav, who has been serving as the Company Secretary, Compliance Officer, and Nodal Officer, has tendered her resignation to pursue new career opportunities outside the organization.

Key Details of the Resignation

Impact on Company Structure

The departure of Ms. Yadav will affect HLV Limited's key managerial personnel structure. The position of Company Secretary is responsible for ensuring compliance with various regulatory requirements and facilitating effective communication between the board of directors, company management, and regulatory bodies.

Transition Period

HLV Limited has confirmed that Ms. Yadav will continue in her role until November 30, 2025. This transition period of nearly three months should allow the company time to identify and appoint a successor, ensuring a handover of responsibilities.

Company's Response

In accordance with regulatory requirements, HLV Limited has disclosed this information to the stock exchanges. The company has filed the necessary intimation under Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, demonstrating its commitment to transparency and corporate governance.

The company has not yet announced a replacement for Ms. Yadav. Investors and stakeholders may be interested in the succession plan for these roles within the organization.

As HLV Limited navigates this transition, the market will be observing how the company manages the change in its key managerial personnel and maintains its compliance and secretarial functions.

HLV Limited , a prominent player in the hospitality sector, has reported a net loss of Rs 992.00 lakhs for the quarter ended September 30, 2025, as per the company's recent financial disclosure. This marks a significant shift from the profit of Rs 349.00 lakhs recorded in the same quarter of the previous year.

Financial Performance

The company's financial results for Q2 FY2025 paint a challenging picture:

The total income for the quarter declined to Rs 3,892.00 lakhs, down from Rs 4,601.00 lakhs in the corresponding quarter of the previous year, representing a 15.4% decrease.

Half-Yearly Performance

For the six months ended September 30, 2025, HLV Limited reported:

• Total income of Rs 8,289.00 lakhs
• Net loss of Rs 1,339.00 lakhs
• Loss per share of Rs 0.20

Management Changes

In a significant development, the company announced changes in its key management personnel:

1. Ms. Savitri Yadav, the current Company Secretary and Compliance Officer, has submitted her resignation, effective November 30, 2025.

2. The Board of Directors has approved the appointment of Ms. Sucheta Chaturvedi as the new Company Secretary and Compliance Officer, effective December 1, 2025. Ms. Chaturvedi, a qualified Company Secretary (ACS No. 47964) with a B.Com and LLB background, brings over seven years of post-qualification experience in Company Secretarial functions.

Ongoing Legal Matters

The company's financial statements highlight several ongoing legal issues:

1. A dispute with Airports Authority of India (AAI) regarding lease rent for 18,000 Sq. Mtrs. of land for the Mumbai hotel. The disputed amount not provided in the books for Q2 FY2025 is Rs 543.00 lakhs, with a cumulative disputed amount of Rs 16,466.00 lakhs up to September 30, 2025.

2. Another claim by AAI amounting to Rs 80,705.00 lakhs (as of January 31, 2019) for rent and minimum guarantee fees for 11,000 sq. mtrs. of land in Mumbai. This liability is considered contingent based on legal opinion.

3. Ongoing arbitration and eviction proceedings related to these disputes.

Despite these challenges, the company's financial results have been prepared on a 'Going concern basis', reflecting management's confidence in favorable outcomes for these disputes.

Outlook

While the company faces significant headwinds, as evidenced by the quarterly loss and ongoing legal challenges, the management changes and the company's efforts to resolve disputes with AAI suggest a proactive approach to addressing its current difficulties. Investors and stakeholders will be keenly watching how these developments unfold in the coming quarters.