Hindoostan Mills Limited has successfully obtained shareholder approval for the sale of machineries from its textile unit through a postal ballot process concluded on March 15, 2026. The special resolution received overwhelming support from shareholders, with 98.55% of votes cast in favor of the proposal.

Voting Results and Participation

The postal ballot process saw participation from 65 shareholders out of a total of 5,362 shareholders on the record date of February 6, 2026. The voting results demonstrated strong shareholder confidence in the company's decision:

Category-wise Voting Pattern

The voting pattern across different shareholder categories revealed unanimous support from promoters and strong backing from public shareholders:

Postal Ballot Process Details

The postal ballot process was conducted entirely through remote e-voting, in compliance with regulatory requirements. Key timeline details include:

• Record Date: February 6, 2026
• Notice Dispatch: February 13, 2026 (electronic) and February 12, 2026 (physical)
• Voting Period: February 14, 2026 (9:00 AM) to March 15, 2026 (5:00 PM)
• Vote Counting: March 16, 2026 at 12:05 PM

The company engaged National Securities Depository Limited (NSDL) as the authorized agency for providing e-voting facilities. Narayan Parekh from PRS Associates served as the scrutinizer for the postal ballot process.

Regulatory Compliance

Hindoostan Mills submitted the voting results and scrutinizer's report to BSE Limited on March 16, 2026, pursuant to Regulation 44 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The company also published advertisements in Free Press Journal (English) and Navshakti (Marathi) on February 14, 2026, informing shareholders about the postal ballot process.

Corporate Governance

The postal ballot was conducted under the supervision of Company Secretary Kaushik Kapasi, with the scrutinizer's report countersigned by the company's authorized signatory. The process followed all provisions of Section 108 and Section 110 of the Companies Act, 2013, along with relevant rules and MCA circulars. The resolution is deemed to have been passed on March 15, 2026, the last date of remote e-voting.

Hindoostan Mills Limited announced its unaudited financial results for Q3 FY26 ended December 31, 2025, alongside a significant strategic decision to divest its textile operations. The company's Board of Directors, in their meeting held on February 10, 2026, approved both the quarterly results and the proposed sale of the textile division. Subsequently, the company fulfilled its regulatory obligations by publishing the financial results in newspapers under Regulation 47 of SEBI Listing Regulations.

Financial Performance Overview

The company's financial performance for Q3 FY26 showed contrasting results between continuing and discontinued operations:

Regulatory Compliance and Publication

Pursuant to Regulation 47 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015, Hindoostan Mills published its unaudited financial results in Free Press Journal (English) and Nav-Shakti (Marathi) newspapers on February 11, 2026. The publication was communicated to BSE Limited through a formal letter signed by Company Secretary Kaushik N Kapasi.

Operational Highlights

The continuing operations demonstrated improved profitability despite lower sales volumes. Net sales from operations decreased to Rs. 341.53 lakhs from Rs. 360.33 lakhs in the corresponding quarter of the previous year. However, other income significantly increased to Rs. 85.57 lakhs compared to Rs. 38.41 lakhs in Q3 FY25, primarily due to fair value gains on mutual fund investments amounting to Rs. 56.86 lakhs.

Nine-Month Performance Analysis

For the nine months ended December 31, 2025, the company's performance metrics were:

Strategic Textile Division Divestment

The Board of Directors approved the sale of the entire textile division situated at Karad, District Satara, Maharashtra. The key details of this strategic decision include:

The textile operations have been classified as discontinued since April 15, 2025, following the Board's decision to close the division. The company received a final closure order under Section 25(1)(2) of the Industrial Disputes Act, 1947, dated June 19, 2025, from the Ministry of Labour, Government of Maharashtra.

Earnings Per Share Analysis

The earnings per share metrics reflected the company's operational restructuring:

The company's paid-up equity share capital remained stable at Rs. 166.45 lakhs with a face value of Rs. 10 per share. The financial results were reviewed by the Audit Committee and approved by the Board of Directors, with S H R & Co. Chartered Accountants providing the limited review report confirming compliance with applicable accounting standards and listing regulations.