Latest news about HMT
HMT
55.15
+0.49(+0.90%)
Company Performance:
View Company Insights1D+0.90%
1M-10.02%
6M+2.60%
1Y-2.15%
5Y+79.93%
More news about HMT
03Mar 26
HMT Limited Announces Dissolution of Wholly Owned Subsidiary HMT Watches Limited
HMT Limited has announced the official dissolution of its wholly owned subsidiary HMT Watches Limited, which was struck off from the Register of Companies under Section 248(2) of the Companies Act, 2013 with effect from 02.03.2026. The company had previously informed stock exchanges on 05.01.2026 about filing the striking-off application with the Ministry of Corporate Affairs. The announcement was made under Regulation 30 of SEBI (LODR) Regulations, 2015, fulfilling the disclosure requirements for this corporate development.
28Feb 26
HMT Limited Fined ₹10.86 Lakh by BSE and NSE for Board Composition Non-Compliance
HMT Limited faces ₹10.86 lakh in total fines from BSE and NSE for board composition non-compliance during the quarter ended December 31, 2025. The government-owned company lacked requisite independent directors as mandated by SEBI regulations. HMT Limited is applying for fine waivers and has requested the Administrative Ministry to appoint independent directors, including one woman director, to achieve regulatory compliance.
09Feb 26
HMT Limited Reports Q3 FY26 Financial Results with Contrasting Standalone and Consolidated Performance
HMT Limited reported Q3 FY26 results showing contrasting performance between standalone and consolidated operations. Standalone net profit was ₹670 lakhs for Q3 FY26 versus ₹659 lakhs in Q3 FY25, while nine-month standalone profit improved to ₹2005 lakhs from ₹1798 lakhs. Consolidated operations recorded losses of ₹2724 lakhs for Q3 FY26 and ₹9409 lakhs for nine months, though these represented improvements from previous year losses. The company also wrote off ₹1807 lakhs as bad debt and noted potential impacts from New Labour Codes effective November 2025.
05Jan 26
HMT Limited Files Application to Strike Off HMT Watches Limited Under Companies Act
HMT Limited has filed an application with the Ministry of Corporate Affairs to strike off its wholly owned subsidiary HMT Watches Limited under Section 248 of the Companies Act, 2013. This follows the Cabinet Committee on Economic Affairs approval from January 6, 2016, for closure of three HMT subsidiaries. The company has completed requisite formalities and submitted the necessary documentation for the striking off process.
28Nov 25
HMT Limited Faces Rs 12.17 Lakh Fine for Board Composition Non-Compliance
HMT Limited, a government-owned company, has been fined Rs 12.17 lakh by BSE and NSE for non-compliance with SEBI regulations. The fines relate to inadequate composition of the Board of Directors, Audit Committee, and Nomination and Remuneration Committee. HMT Limited lacked the required number of Independent Directors up to July 14. The company is seeking a waiver of the fines and has requested the Administrative Ministry to appoint the necessary Independent Directors, including a woman director, to comply with regulations.
10Nov 25
HMT Limited Appoints M&A Associates as Secretarial Auditor for Five-Year Term
HMT Limited, a Government of India undertaking, has appointed M&A Associates as its Secretarial Auditor for a five-year term from FY 2025-26 to FY 2029-30. The decision was approved by shareholders at the company's 72nd Annual General Meeting on November 7, 2025. M&A Associates, a full-service Corporate Secretarial and Legal Advisory Firm based in Bangalore with a branch in Kolkata, offers pan-India and international services. The appointment aligns with SEBI regulations, and HMT Limited has informed the BSE and NSE about this decision.
13Aug 25
HMT Limited Reports Mixed Q1 Results: Standalone Profit Amidst Consolidated Loss
HMT Limited's Q1 financial results show a mixed performance. Standalone profit increased by 9.37% to Rs 1,214.00 lakhs, with total income at Rs 2,117.00 lakhs. However, consolidated results show a loss of Rs 2,777.00 lakhs, slightly improved from last year's Rs 2,894.00 lakhs loss. Consolidated total income was Rs 3,728.00 lakhs. The Machine Tools segment generated the highest revenue but faced significant losses. The company's balance sheet indicates ongoing financial pressures with total assets at Rs 51,883.00 lakhs and total liabilities at Rs 244,530.00 lakhs.
23Jul 25
HMT Limited Reports Mixed Financial Performance for FY2025
HMT Limited's FY2025 financial results show a stark contrast between standalone and consolidated performance. Standalone figures reveal a profit of Rs 1,610.00 lakhs from continuing operations, with total income at Rs 8,515.00 lakhs. However, consolidated results show a net loss of Rs 14,306.00 lakhs from continuing operations, with total income at Rs 20,471.00 lakhs. Q4 saw a consolidated net loss of Rs 358.00 million, with revenue down to Rs 398.00 million. The company's consolidated net worth stands at negative Rs 1,89,790.00 lakhs, indicating complete erosion of the HMT Group's net worth. Auditors have issued qualified opinions citing inventory valuation issues, non-compliance with credit loss models, and GST reconciliation problems. Despite challenges, management continues on a going concern basis, citing realisable asset values and government support.
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