HMT Limited , a Government of India undertaking, has announced the appointment of M&A Associates as its Secretarial Auditor for a five-year term. This decision, approved by shareholders at the company's 72nd Annual General Meeting on November 7, 2025, marks a significant corporate governance move for the organization.

Key Details of the Appointment

About M&A Associates

M&A Associates is a full-service Corporate Secretarial and Legal Advisory Firm, offering comprehensive solutions for corporate compliance and legal requirements. The firm's profile includes:

• Headquarters: Bangalore
• Branch: Kolkata
• Service Scope: Pan-India and International
• Founding Partners:
  • Mr. Vivek Mishra (M.Com, FCS, LLM, ACMA)
  • Mr. Anil Dubey [FCS, LL.B. Registered Valuer (SFA)]
• Core Team Experience: Over a decade of collective experience

The firm is known for its practical guidance, legal expertise, and strong client relationships. M&A Associates also leverages technology to enhance service delivery and operational efficiency, regularly conducting knowledge-sharing initiatives for clients and team members.

Regulatory Compliance

This appointment aligns with Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. HMT Limited has duly informed the stock exchanges - BSE Limited and National Stock Exchange of India Limited - about this appointment, demonstrating its commitment to transparent corporate governance practices.

Implications

The appointment of M&A Associates as the Secretarial Auditor for a five-year term suggests HMT Limited's focus on maintaining robust corporate governance standards. With M&A Associates' extensive experience and technological approach, HMT Limited is poised to ensure compliance with evolving regulatory requirements in the coming years.

This move by HMT Limited, a long-standing public sector undertaking, reflects the increasing importance of professional secretarial audits in ensuring regulatory compliance and maintaining investor confidence in the Indian corporate landscape.

HMT Limited , a diversified engineering company, has released its financial results for the first quarter, revealing a mixed performance across its standalone and consolidated operations.

Standalone Performance

On a standalone basis, HMT Limited demonstrated resilience with a notable increase in profitability. The company reported a standalone profit of Rs 1,214.00 lakhs for Q1, up from Rs 1,110.00 lakhs in the corresponding quarter of the previous year. This represents a year-on-year growth of approximately 9.37% in standalone profit.

The total income for the standalone entity stood at Rs 2,117.00 lakhs, indicating a robust revenue stream. The company's earnings per share (EPS) from continuing operations on a standalone basis was Rs 0.34, reflecting positive returns for shareholders.

Consolidated Results

However, the consolidated picture presents a more challenging scenario. The HMT Group, on a consolidated basis, recorded a loss of Rs 2,777.00 lakhs in Q1. While this represents a marginal improvement from the loss of Rs 2,894.00 lakhs in the same quarter last year, it underscores the ongoing challenges faced by the group's subsidiaries.

The consolidated total income for the quarter was reported at Rs 3,728.00 lakhs. The consolidated earnings per share stood at negative Rs 0.78, highlighting the impact of the group's overall performance on shareholder value.

Segment Performance

Breaking down the consolidated results by segment:

The Machine Tools segment, while generating the highest revenue, faced significant challenges with a substantial segment loss. The 'Others' category showed promise with a positive segment result, potentially offsetting some of the losses from other divisions.

Balance Sheet Highlights

As of the end of the quarter, HMT Limited's consolidated balance sheet showed:

• Total Assets: Rs 51,883.00 lakhs
• Total Liabilities: Rs 244,530.00 lakhs

The substantial difference between assets and liabilities indicates ongoing financial pressures for the group.

Management Commentary

The Board of Directors approved these results at their meeting. The company stated that the financial statements were prepared on a going concern basis, considering the realisable value of non-current assets held for sale, support from the Government of India, and other business plans.

Conclusion

While HMT Limited's standalone entity shows signs of improvement with increased profitability, the consolidated results reflect ongoing challenges across the group. The company's strategy to focus on its core strengths and potential government support will be crucial in navigating the path to overall profitability in the coming quarters.

Investors and stakeholders will be closely watching HMT Limited's performance in subsequent quarters to assess the effectiveness of its turnaround efforts and the impact of any strategic initiatives undertaken by the management.