Hardcastle & Waud Manufacturing Company Limited has executed a deed of conveyance for the sale of its immovable property to promoter group company Jeevdani Business Ventures Limited for Rs 1.11 crore. The company informed BSE Limited about the completion of the transaction on March 27, 2026, in compliance with Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Property Sale Transaction Details

The executed deed of conveyance covers Unit No. 7B, located on the 3rd floor of Sagar Estate. The property is situated at Premises No. 2, Narendra Chandra Dutta Sarani (formerly known as No. 2, Clive Ghat Street), Block No. 6, Holding No. 2, Kolkata – 700001.

Related Party Transaction Compliance

The transaction qualifies as a related party transaction since Jeevdani Business Ventures Limited is a promoter group company. The promoter of Hardcastle & Waud Manufacturing Company Limited is also a promoter of JBVL. Despite the related party nature, the company has confirmed that the transaction is conducted on an arm's length basis, ensuring fair valuation and regulatory compliance.

Regulatory Disclosure Requirements

Pursuant to Clause 5 of Para B of Part A of Schedule III of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 read with SEBI Master circular dated January 30, 2026, the company provided comprehensive transaction details to BSE Limited. The disclosure confirms that no shareholding exists between the parties and outlines the purpose as sale of immovable property.

Board Approval and Execution Timeline

The board of directors initially approved the property sale during a meeting held on March 26, 2026, which commenced at 2:00 p.m. and concluded at 2:30 p.m. The deed of conveyance was subsequently executed on March 27, 2026, with Company Secretary & Compliance Officer Smita Achrekar signing the regulatory filing submitted to the stock exchange.

Hardcastle & waud mfg Manufacturing Company Limited announced significant board changes and corporate restructuring decisions during its board meeting held on March 18, 2026. The company made key appointments and approved committee reconstitution as part of its governance enhancement initiatives, as communicated to BSE under Regulation 30 of SEBI Listing Regulations.

New Director Appointment

The board approved the appointment of Mr. Ganpat Lal Dadhich as Additional Director in the category of Non-Executive (Non-Independent) Director, effective from March 18, 2026. The new director's profile and appointment details are outlined below:

Mr. Dadhich is not related to any other director of the company and has not been debarred from holding directorship by SEBI or any other regulatory authority.

Board Committee Reconstitution

Effective from March 19, 2026, the company reconstituted three key board committees with new member compositions:

Registered Office Relocation

The board also approved the shifting of the company's registered office, subject to necessary approvals. The proposed relocation details are:

The board meeting commenced at 2:00 p.m. and concluded at 2:40 p.m. on March 18, 2026. The company secretary Smita Achrekar digitally signed the regulatory filing submitted to BSE. These developments reflect the company's ongoing efforts to strengthen its governance structure and operational framework through strategic appointments and organizational restructuring.