Meet Samuel – Your Personal Investing Prophet
- Start a conversation with TipRanks’ trusted, data-backed investment intelligence
- Ask Samuel about stocks, your portfolio, or the market and get instant, personalized insights in seconds
An announcement from Hindustan Composites Limited ( (IN:HINDCOMPOS) ) is now available.
Hindustan Composites has clarified to the National Stock Exchange that its standalone and consolidated financial results for the quarter and year ended 31 March 2026 comply with Schedule III of the Companies Act, 2013 and applicable Indian Accounting Standards. The company explained that its share of losses in joint venture Compo Advics (India) has exceeded its investment, so in line with IND AS 28 it stopped recognizing further JV losses from 2021-22, disclosed a nil share of JV loss with appropriate footnotes, and noted differences in segment assets and liabilities between standalone and consolidated accounts, asserting that the submitted results follow SEBI-prescribed formats.
The clarification aims to address NSE’s observation that the results did not appear to follow the prescribed format, and reinforces that the company’s reporting treatment for the loss-making joint venture and segment disclosures is consistent with Indian accounting rules. This response is intended to satisfy regulatory concerns over presentation and recognition, helping maintain transparency and compliance in the company’s financial reporting for investors and other stakeholders.
More about Hindustan Composites Limited
Hindustan Composites Limited operates in the industrial manufacturing sector, producing friction materials and composites used across automotive and engineering applications. The company serves both domestic and international markets, supplying critical components that support vehicle safety systems and various industrial uses.
Average Trading Volume: 1,429
Technical Sentiment Signal: Strong Buy
Current Market Cap: 6.74B INR
For a thorough assessment of HINDCOMPOS stock, go to TipRanks’ Stock Analysis page.