Key Quantitative Figures

  • Q1 FY27 Financial Performance (Quarter ended June 30, 2026):
  • Total Income: ₹11,876.63 lakh
  • Revenue from Operations: ₹11,601.65 lakh (Q1 FY26: ₹6,450.12 lakh)
  • Profit Before Tax: ₹4,211.75 lakh (Q1 FY26: ₹4.25 lakh)
  • Net Profit: ₹3,662.15 lakh (Q1 FY26: Net Loss of ₹17.85 lakh)
  • Basic EPS: ₹50.76 (Q1 FY26: -₹0.25)
  • Diluted EPS: ₹50.76 (Q1 FY26: -₹0.25)
  • Segment Revenue (Q1 FY27):
  • High Tension Insulators: ₹11,423.17 lakh
  • Real-Estate: ₹177.70 lakh
  • Others: ₹0.78 lakh
  • Approved Unsecured Loan: ₹155 crore from Hindusthan Engineering & Industries Limited
  • Bonus Shares Issued: 1,44,28,850 fully paid-up equity shares of ₹2 each issued on July 13, 2026, in 2:1 ratio
  • Paid-up Equity Share Capital: ₹144.29 lakh (face value ₹2 each)

Dates of Action

  • Board Meeting: July 21, 2026 (commenced 4:49 PM, concluded 5:01 PM IST)
  • AGM Date: September 8, 2026, at 11:00 AM IST through VC/OAVM
  • AGM Cut-off Date: September 1, 2026
  • Final Dividend Record Date: June 19, 2026 (if declared, payable by September 30, 2026)
  • Director Re-appointment: Effective October 3, 2026, to October 2, 2029 (subject to shareholder approval)
  • Bonus Share Issuance: July 13, 2026

Parties Involved

  • Statutory Auditors: M/s K.N. Gutgutia & Co., Chartered Accountants
  • Cost Auditors: M/s J.K. Kabra & Co., Cost Accountants (re-appointed for FY27)
  • Related Party Lender: Hindusthan Engineering & Industries Limited (HEIL)
  • Historical Transaction Counterparty: DCM Shriram Limited (for HSCL share sale)

Purpose or Rationale

  • The unsecured loan of ₹155 crore from HEIL is intended to fund the company's capital expenditure for expanding manufacturing capacity and working capital requirements.
  • The bonus share issuance was made by capitalizing ₹288.58 lakh from Capital Redemption Reserve and General Reserves.

Financial Impact

  • The Q1 FY27 results show significant improvement with net profit of ₹3,662.15 lakh compared to net loss of ₹17.85 lakh in Q1 FY26.
  • The company has opted for the concessional tax regime under Section 200 of the Income Tax Act, 2025, applying a tax rate of 25.168%.
  • Exceptional items for year ended March 31, 2026, included loss of ₹4,705.30 lakh on sale of investment in subsidiary Hindusthan Speciality Chemicals Limited.

Capital Structure Impact

  • Bonus share issuance of 1,44,28,850 shares increased the share capital while capitalizing reserves.
  • The loan from HEIL will increase unsecured borrowing by ₹155 crore upon shareholder approval.

Contingent Exposure

  • An amount of ₹3,859.28 lakh is held in escrow with State Bank of India for pending income tax demands of ₹2,909.14 lakh (HSCL) and ₹1,070.14 lakh (Gujarat Industrial Development Corporation non-regulation charges).
  • Payment to DCM Shriram Limited for losses incurred during August 1-25, 2025, is under negotiation. A provisional provision of ₹75.18 lakh (58.5% of ₹128.52 lakh losses) has been made.

Additional Information

  • The company changed its name from Hindusthan Urban Infrastructure Limited to Hindusthan Insulators & Industries Limited.
  • Equity shares were subdivided from ₹10 to ₹2 face value effective March 14, 2026.
  • Other expenses for quarter ended March 31, 2026, included ₹1,163.89 lakh towards write-off of certain debtors.