About HLV Limited

HLV Limited is an Indian hospitality company incorporated on March 20, 1981. The Company’s registered and corporate office is located at The Leela, Sahar, Mumbai – 400 059. At present, the Company operates a single property — The Leela, Mumbai, comprising 394 guest rooms. Its offerings include premium room stays, food and beverage services, rental income and related hospitality services, as disclosed in its revenue classifications.

HLV’s operations are centred in Mumbai, while its commercial reach extends globally through Preferred Hotels & Resorts, which provides sales, marketing and public relations representation across key international geographies. This includes partnerships with major tour operators and retail travel agencies in source markets.

The Company’s equity shares are listed on the BSE (Scrip Code: 500193) and the National Stock Exchange of India (Symbol: HLVLTD). Its Corporate Identity Number (CIN) is L55101MH1981PLC024097.

As on March 31, 2025, HLV Limited did not have any subsidiaries. However, the Board has adopted a policy on material subsidiaries, even though none existed during the year. The Company will convene its 44th Annual General Meeting on September 23, 2025, marking over four decades of operations since its incorporation in 1981.

Business Segments

[Section intentionally omitted as the Annual Report does not disclose percentage contribution to revenue by segment/vertical or by domestic vs. international.]

Key Management

• Vivek Nair – Chairman & Managing Director

• Dinesh Nair – Co-Chairman & Managing Director

• Umesh Dombe – Chief Financial Officer

• Savitri Yadav – Company Secretary

Latest Updates on HLV Limited

• Operations: The Company continued to operate The Leela, Mumbai with 394 guest rooms, maintaining its position in the luxury hospitality segment. Key revenue streams included room tariffs, food & beverage sales, and rental and related services.

• Financial Performance: Profit After Tax stood at Rs 2,612.49 lakh for FY 2024–25, marking an increase over the previous year. Earnings per Share (EPS) were Rs 0.40 (Basic and Diluted).

• Leases and Expansion: During the year, HLV incurred Rs 2,609.96 lakh towards a lease with the Airport Authority of India, which has since expired and was not renewed. Additionally, the Company entered into an agreement to lease land near Vellimon Lake, Kollam, for a proposed resort project, subject to the lessor’s completion of adjacent land acquisition. The arrangement is currently considered short-term.

• Sales and Marketing: HLV continued to leverage the international network of Preferred Hotels & Resorts for global sales, marketing, and PR representation, strengthening its brand presence in key markets.

• Governance: The Notice for the 44th AGM includes a proposal to appoint M/s. RAAM & Associates LLP, Company Secretaries, as Secretarial Auditors for five consecutive financial years beginning FY 2025–26, as recommended by the Audit Committee and approved by the Board.

• Capital Structure: As on March 31, 2025, the issued and paid-up share capital was Rs 131,85,19,798, comprising 65,92,59,899 equity shares of Rs 2 each, with no changes during the financial year.