Carborundum Universal Limited has announced the opening of a special window for transfer and dematerialisation of physical securities, providing eligible investors with an opportunity to complete pending share transfer processes. The initiative follows the Securities and Exchange Board of India (SEBI) circular dated January 30, 2026.

Special Window Timeline and Purpose

The special window will remain open for one year, commencing from February 5, 2026 and closing on February 4, 2027. This facility has been introduced to accommodate investors who had purchased or acquired shares of Carborundum Universal Limited in physical form prior to April 1, 2019.

Eligibility Criteria Matrix

The company has provided a detailed eligibility matrix to help shareholders understand their qualification status:

Processing Requirements and Restrictions

All transfer requests processed during this special window will be handled through the transfer-cum-demat mode, meaning shares will be issued only in dematerialised form after approval of the transfer. The transferred shares will be subject to a lock-in period of one year.

Shareholders availing this window must necessarily maintain a demat account and provide the Client Master List along with transfer documents, original share certificates, and other necessary documentation as specified in the SEBI circular.

Excluded Cases

Certain categories of cases will not be considered under this special window:

• Cases involving disputes between transferor and transferee
• Securities which have been transferred to Investor Education and Protection Fund (IEPF)

Contact Information for Assistance

Eligible shareholders may submit their transfer requests along with requisite documents to the company's Registrar and Transfer Agent, KFin Technologies Limited. The detailed circular is available on the company's website, and shareholders can contact the company at investorservices@cumimurugappa.com for further assistance.

The company has urged all shareholders who had previously submitted transfer requests and are yet to receive their transferred shares due to pending deficiencies to make use of this special window for their benefit.

Carborundum Universal Limited has announced the voluntary winding up of its German subsidiary CUMI AWUKO Abrasives GmbH (CAAG) following continued operational challenges and mounting losses. The decision was approved by the Board of CUMI International Limited, Cyprus on 30th March 2026.

Background and Acquisition Details

CAAG was established after Carborundum Universal acquired the assets of AWUKO Abrasives Wandmacher GmbH & Co. KG through an insolvency proceeding on 1st February 2022. The acquisition was executed through step-down subsidiary CUMI GmbH, Germany, which was subsequently renamed as CUMI AWUKO Abrasives GmbH.

The acquired assets included:

• Fixed assets and leased assets
• Brands and trademarks
• Patents and technical know-how
• Other intangible assets (excluding cash and receivables)

The subsidiary operates in the manufacturing of coated abrasives for wood and leather applications.

Financial Performance and Challenges

The subsidiary has faced persistent operational difficulties due to multiple factors:

• Product and market limitations
• Intensified price competition amid global overcapacity
• Low capacity utilization
• Inventory accumulation
• High input costs including energy, wages, and labor
• Ongoing geo-political crisis and macro-economic challenges

Turnaround Efforts and Decision Rationale

Despite implementing numerous turnaround plans focused on cost-saving measures, operational efficiency improvements, and exploring new revenue streams, along with periodic investments from the parent company, the subsidiary showed no signs of recovery. The structural market challenges and increased cost pressures have rendered the viability of future operations highly uncertain.

Impact Assessment

The company has clarified that CAAG is not a material subsidiary and its winding down will not adversely affect Carborundum Universal's overall business operations. The estimated financial impact ranges from Rs.110 crores to Rs.130 crores, though this estimate may change depending on asset realization and settlement of obligations.

Regulatory Compliance

The disclosure has been made under Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. All requisite steps in the liquidation process as applicable under German laws will be completed before the entity is formally wound down. The timeline for completion will be subject to German legal formalities and procedures.