HBL POWER SYSTEMS LTD.-$

HBL Engineering Limited has received a Letter of Acceptance from Chittaranjan Locomotive Works (CLW) for the supply, installation, testing, and commissioning of On-board KAVACH Loco equipment (Ver.4.0). The domestic contract is valued at ₹1,714 Crores, excluding 18% GST. The company is required to complete the project within 12 months. This transaction is not considered a related party transaction, and no promoters have an interest in the entity awarding the order.

The company confirmed no deviation or variation in the use of proceeds from funds raised through shares for purposes other than those mentioned in offer documents, during the quarter ended March 31, 2026. The company also stated that it did not raise any funds through shares during this reporting quarter. This confirmation is submitted in accordance with SEBI (Listing Obligations & Disclosure Requirements) Regulations, 2015, and relevant SEBI circulars. The Audit Committee reviewed and noted these statements at its meeting on May 23, 2026.

HBL Engineering Ltd. reports that FY26 overall results were significantly better than FY25, as anticipated since September 2025. Q4 FY26 sales surpassed Q4 FY25, although profitability decreased due to varying profitability in Kavach contracts and cumulative effects of provisions and expenses. Management estimates FY27 sales and profit to be significantly better than FY26, with potential variability in quarterly profitability due to the Kavach business and external factors like the gulf war and inflation. The company anticipates substantial sales and profits from high-tech businesses in the coming years.

HBL Engineering Ltd. announced the approval of audited financial results for the year ending March 31, 2026, during its Board of Directors meeting on May 23, 2026. The board also recommended a final dividend of ₹1 per equity share (100%) for FY26, subject to shareholder approval. Additionally, M/s. Sagar & Associates were appointed as Cost Auditors for the year 2026-27, replacing M/s. Narasimha Murthy & Co.

HBL Engineering Ltd. has scheduled a Board of Directors meeting on May 23, 2026, to consider and approve the audited financial results (standalone and consolidated) for the quarter and year ended March 31, 2026. The board will also consider the recommendation of a dividend, if any, for the financial year 2025-26. The trading window will open 48 hours after the conclusion of the board meeting.

HBL Engineering Ltd has accepted an order worth Rs.83.81 Crores (Inclusive of 18% GST) from Patiala Loco Works (PLW), Punjab for Supply, testing and commissioning of On-board KAVACH equipment (Ver.4.0). The contract is to be completed on or before April 15, 2027. This order does not fall under the Related Party Transaction category as none of the promoters are interested in the transaction.

HBL Engineering Ltd. has accepted an order worth Rs.83.81 Crores (inclusive of 18% GST) from Patiala Loco Works, Punjab for supply, testing and commissioning of on-board Kavach equipment (Ver.4.0). The contract is to be completed on or before April 15, 2027. This disclosure is made in accordance with Regulation 30 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015.

HBL Engineering Ltd. has received a Letter of Acceptance from Banaras Locomotive Works for the supply, testing, and commissioning of On-Board Kavach equipment (version 4.0) worth Rs.179.79 Crores (inclusive of 18% GST). The contract is to be completed on or before February 15, 2027.

HBL Engineering Ltd. and Cochin Shipyard Limited have executed a Joint Venture Agreement to develop electric mobility technology and energy storage solutions in the maritime space. The JV Company, named 'GREEN MARITIME PROPULSION PRIVATE LIMITED', will be incorporated in Hyderabad, India, with an initial capital of Rs. 9 crore. HBL will hold 60% of the equity shares and CSL will hold 40% of the equity shares. The JV Company will be managed by a Board of Directors consisting of 5 directors, with HBL entitled to nominate three Directors and CSL entitled to nominate two Directors. This joint venture aims to leverage the complementary core strengths of both companies for developing indigenous capabilities and products for the maritime sector, catering to both domestic and global markets, in line with the Government of India’s vision of Aatmanirbhar Bharat.

HBL Engineering Ltd. has received a Letter of Acceptance from Banaras Locomotive Works, Varanasi for the supply, testing, and commissioning of on-board Kavach Equipment (ver4.0) worth Rs.800.36 Crs. (Inclusive of 18% GST) in line with the SEBI Listing Regulations, 2015.