HDFC Mutual Fund reduced its shareholding in redington by 2.016% through open market sales on July 01, 2026. The disclosure was made in accordance with Regulation 29(2) of the Securities and Exchange Board of India (Substantial Acquisition of Shares and Takeovers) Regulations, 2011.

As of July 01, 2026, the aggregate holding of the Schemes of HDFC Mutual Fund stood at 7.258% of the paid-up equity share capital. This represents a decrease from the 9.274% holding reported as of September 30, 2024. The transaction involved the sale of 1,57,61,176 equity shares carrying voting rights.

Shareholding Details

The change in shareholding was communicated by Dinesh Bhakade, Lead – Compliance Governance at HDFC Asset Management Company Limited. The fund confirmed that it does not belong to the promoter or promoter group of the target company. The mode of acquisition was specified as an open market transaction.

The following table outlines the changes in the shareholding pattern:

Regulatory Context

The paid-up equity share capital of Redington Ltd remains Rs. 1,56,35,48,862, comprising 78,17,74,431 equity shares of Rs. 2 each. The total diluted share/voting capital was reported as N.A. The disclosure was submitted to both the National Stock Exchange of India Ltd. and BSE Limited.

Redington Limited reported a 20% increase in consolidated revenue for FY26 to ₹1,19,347 crore, driven by growth across its key verticals. Profit after tax (PAT) for the financial year rose 17% to ₹1,565 crore, while EBITDA grew 7% to ₹2,414 crore. The company released its Investor Data Book for the period from Q1 FY23 to Q4 FY26, detailing these performance metrics.

For the quarter ended Q4FY26, revenue stood at ₹33,269 crore, a 25% increase year-on-year. PAT for the quarter was ₹467 crore, up 16% from the corresponding period in the previous year. EBITDA for Q4FY26 was reported at ₹670 crore. The company's gross profit for FY26 reached ₹6,042 crore, an 11% increase compared to the prior year.

Segment Performance

Revenue growth was recorded across the company's primary business verticals. The Enterprise and SMB Group (ESG) vertical generated revenue of ₹36,828 crore in FY26. The Mobility and Storage Group (MSG) contributed ₹42,285 crore, while the Technology Solutions Group (TSG) reported revenue of ₹19,295 crore. The newly reported Systems and Solutions Group (SSG) vertical recorded revenue of ₹19,834 crore for the fiscal year.

Financial Metrics

Working capital days for FY26 stood at 34 days, compared to 36 days in FY25. The return on capital employed (ROCE) for FY26 was 19.8%, while the return on equity (ROE) was 16.8%. Free cash flow for the year was negative at ₹199 crore.