Hardwyn India Limited has officially declared that its promoters have not created any encumbrance on their shareholdings during the financial year ended March 31, 2026. This disclosure was made in compliance with Regulation 31(4) of the SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011. The declaration was submitted to the National Stock Exchange of India Ltd. and BSE Limited on April 02, 2026.

The confirmation was provided on behalf of the promoters, Rubaljeet Singh Sayal and Swaran Jeet Singh Sayal. The letter addressed to the exchanges and the Audit Committee of Hardwyn India Limited explicitly states that no shares held by the promoters were encumbered, directly or indirectly, during the specified financial year.

Promoter Details

The declaration includes the names of the promoters who have confirmed the absence of encumbrance on their holdings. The details are as follows:

The letter was signed by Rubaljeet Singh Sayal on behalf of the promoters. The company has requested the exchanges to take the declaration on record. This regulatory filing ensures transparency regarding the shareholding patterns and the financial standing of the promoters concerning their equity in the company.

Hardwyn India has announced significant business developments with the securing of new institutional orders and the launch of ISI-certified floor springs. These developments represent important milestones in the company's operational expansion and product portfolio enhancement.

Institutional Order Wins

The company has successfully secured new institutional orders, marking an expansion in its institutional client segment. These order wins demonstrate Hardwyn India's ability to attract and serve institutional customers, potentially contributing to its revenue growth and market presence.

ISI-Certified Floor Springs Launch

Hardwyn India has launched ISI-certified floor springs, adding a new product line to its portfolio. The ISI certification ensures that these floor springs meet the quality and safety standards set by the Bureau of Indian Standards, positioning the company's products as compliant with national quality benchmarks.

Strategic Implications

These developments reflect Hardwyn India's dual focus on business expansion and product quality enhancement. The institutional orders provide revenue opportunities, while the ISI-certified product launch demonstrates the company's commitment to maintaining quality standards in its manufacturing processes.

The combination of new order acquisitions and certified product launches positions Hardwyn India for potential growth in both existing and new market segments.