Hindusthan Urban Infra announced today that M/s. NSBP & Co., Chartered Accountants, have resigned as the company's Internal Auditors for the Financial Year 2025-26, effective August 28, 2025. This development comes just three months after their re-appointment by the Board of Directors on May 28, 2025.

Resignation Details

The resignation was communicated through a letter dated August 28, 2025, citing personal reasons for the decision. Hindusthan Urban Infra disclosed this information in compliance with Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Company's Response

Hindusthan Urban Infra has acknowledged the resignation and is taking steps to ensure a smooth transition. The company stated in its regulatory filing that it has received and accepted the resignation letter from NSBP & Co.

Regulatory Compliance

In accordance with SEBI regulations, Hindusthan Urban Infra has provided the following details regarding the resignation:

1. Reason for change: Resignation due to personal reasons
2. Date of cessation: August 28, 2025
3. Brief Profile: Not applicable (as this is a resignation)

Impact and Next Steps

While the immediate impact of this resignation on Hindusthan Urban Infra's operations is unclear, the company will likely begin the process of appointing a new Internal Auditor to ensure continuity in its financial oversight processes.

Investors and stakeholders will be watching closely to see who Hindusthan Urban Infra appoints as the new Internal Auditor and whether this change will have any significant impact on the company's financial reporting and internal control mechanisms.

Hindusthan Urban Infra has assured that it will keep the stock exchanges and stakeholders informed of any further developments regarding this matter, in line with its obligations under SEBI regulations.

Hindusthan Urban Infra has reported a significant reduction in its net loss for the first quarter. The company's financial performance shows signs of improvement compared to the same period last year.

Financial Highlights

• Revenue Growth: Hindusthan Urban Infra's revenue from operations increased to Rs 6,379.20 lacs, up from Rs 6,112.16 lacs in the corresponding quarter, marking a 4.37% year-over-year growth.

• Reduced Net Loss: The company narrowed its net loss to Rs 17.85 lacs for the quarter, compared to a net loss of Rs 145.55 lacs in the corresponding quarter of the previous year.

• Operational Performance: Total income, including other income, stood at Rs 6,587.55 lacs, showing an improvement from Rs 6,276.68 lacs in the same quarter last year.

Segment-wise Performance

Hindusthan Urban Infra operates in multiple segments, including:

1. Electrical Conductors
2. High Tension Insulators
3. Real Estate
4. Specialty Chemicals (through its subsidiary)

The company's diverse portfolio has contributed to its overall performance, with different segments showing varied results.

Consolidated Results

On a consolidated basis, which includes its subsidiary Hindusthan Speciality Chemicals Limited, the company reported:

• Total revenue from operations of Rs 11,522.12 lacs
• A net loss of Rs 2,337.07 lacs

The consolidated loss indicates that the subsidiary's performance has impacted the group's overall results.

Strategic Developments

Hindusthan Urban Infra has entered into a significant agreement that could reshape its business structure:

• The company signed a Share Purchase Agreement with DCM Shriram Limited for the sale of shares in its material subsidiary, Hindusthan Speciality Chemicals Limited.
• This transaction is expected to be completed during the current financial year.
• The financial impact of this sale will be recognized upon completion of the transaction.

Management Actions

The company's board has taken several key decisions:

1. Appointed M/s. Manish K & Associates as Secretarial Auditors for a term of five consecutive years, subject to shareholder approval.
2. Re-appointed M/s. J.K. Kabra & Co. as Cost Auditors for the current financial year.

These appointments reflect Hindusthan Urban Infra's commitment to maintaining strong corporate governance and financial oversight.

Outlook

While Hindusthan Urban Infra has shown improvement in its standalone performance, the consolidated results indicate ongoing challenges. The planned sale of its specialty chemicals subsidiary could significantly alter the company's financial structure and focus in the coming year.

Investors and stakeholders will be watching closely to see how the company leverages its diverse business segments and manages the transition following the potential divestment of its subsidiary.