Hinduja Global Solutions Limited (HGS) announced its Q2 FY2025-26 financial results on November 10, 2025. During a board meeting held from 2 p.m. to 5 p.m. IST, the company approved its unaudited standalone and consolidated financial results for the quarter and half-year ending September 30, 2025. Included in the disclosure was an unmodified review report by Haribhakti & Co. LLP, Chartered Accountants, confirming the integrity of the financial data presented. The results reflect the company's ongoing commitment to transparency and adherence to the SEBI Listing Obligations and Disclosure Requirements.
In addition to the financial results, the board approved the re-appointment of Mr. Vynsley Fernandes as Whole-time Director and Chief Executive Officer of the Media Business for a period of three years, effective November 14, 2025. This decision is subject to shareholder approval through a postal ballot, with details to be sent out shortly. Mr. Fernandes, who joined the Hinduja Group’s media division in 2018, has been pivotal in transforming the media operations, steering initiatives such as NXTSkyFi and ONEDigital, which focus on innovative digital solutions in media.
HGS is navigating challenges, including GAAR-related income-tax proceedings that could impact its financial standing. The company reported a total tax reduction of Rs. 281.59 crore due to directives from the GAAR panel. While management is confident in their position based on legal advice, the situation remains under scrutiny. As HGS moves forward, stakeholders will be eager to see how the results and strategic decisions, including Mr. Fernandes’ re-appointment, will influence the company’s performance in the next fiscal quarters.