Hindustan Tin Works Limited shareholders approved all five resolutions at the 68th Annual General Meeting held on September 29, 2026, with each passing by a margin exceeding 99.99%.

The scrutinizer report, submitted to stock exchanges on the same day, confirmed that the dividend declaration and director appointments received overwhelming support. The total votes cast through remote e-voting and during the meeting amounted to 47,15,245, representing 45.34% of the company's paid-up equity share capital.

Voting results breakdown

The meeting was conducted via Video Conferencing/Other Audio Visual Means from the registered office in New Delhi. Central Depository Services (India) Limited (CDSL) served as the e-voting service provider. The voting period for remote e-voting ran from September 26 to September 28, 2026.

No invalid votes were recorded for any resolution. Mr. Vinod Kumar Gupta, Company Secretary in Practice, served as the scrutinizer and certified the results after unblocking and downloading data from the CDSL platform in the presence of two witnesses.

Governance updates

The meeting ratified the continuation of Mr. Vipin Aggarwal as a Non-Executive Independent Director following his attainment of the age of 75 years. This was passed as a Special Resolution. Additionally, Mr. P.P. Singh was re-appointed as a Director liable to retire by rotation.

The remuneration of Cost Auditors for the financial year ending March 31, 2027, was also approved and ratified by the members present. The adoption of audited financial statements and reports of the Board of Directors and Auditors for FY26 was approved alongside these governance matters.

Meeting proceedings

Mr. Ashok Kumar Bhatia chaired the proceedings, with Mr. Sanjay Bhatia, Managing Director, addressing the members. The meeting commenced at 11:00 am and concluded at 11:43 am. All resolutions set out in the notice were passed with the requisite majority.

Remote e-voting facilities were provided prior to and during the meeting. The results have been disseminated to stock exchanges and uploaded on the company’s website within 48 hours of the conclusion of the AGM.

Director profiles

Details regarding the directors seeking re-appointment or continuation were disclosed during the proceedings:

Mr. Aggarwal holds directorships in entities including Club 9 Vacations Private Limited, Woodsvilla Limited, and Take a Break.Com Private Limited. He also serves as a member of the Audit, Stakeholders’ Relationship, and Risk Management Committees at Woodsvilla Limited.

Hindustan Tin Works Limited promoter group holding increased to 41.64% of total voting capital, up from 40.39% prior to recent transactions. The aggregate stake rose by 1.24% due to a combination of open market purchases, intra-family transfers, and the transmission of shares from a deceased family member.

The disclosure was filed under Regulation 29(2) of the SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011, by Mr. Sanjay Bhatia and Persons Acting in Concert (PACs). The period covered for these changes spans from March 24, 2022, to September 27, 2026. The company's equity share capital remains unchanged at ₹10,39,96,830, divided into 1,03,99,683 equity shares with a face value of ₹10 each.

Key Stake Changes

The increase in aggregate promoter holding was driven by acquisitions by several family members and the HUF, offset by a reduction in Mr. Sanjay Bhatia's personal holding and the complete transmission of Late Mr. Atit Bhatia's shares.

Note: Mrs. Neha Bhatia, Mrs. Ekta Bhatia, Mr. Parikshit Bhatia, and Mrs. Sareeta Bhatia held constant stakes or had negligible changes not driving the aggregate shift.

Nature of Transactions

The mode of acquisition varied among the entities involved:

• Open Market Purchases: Most individual PACs, including Mr. Saket Bhatia, Mrs. Manju Bhatia, and others, acquired shares through open market transactions.
• Inter-se Transfer: Mr. Sanjay Bhatia transferred shares to M/s. Sanjay Bhatia & Sons (HUF), resulting in a new entry for the HUF in the promoter group holdings.
• Transmission via Court Order: The entire holding of Late Mr. Atit Bhatia (2.16%) was transmitted to his legal heirs: Mrs. Manju Bhatia, Ms. Samakshi Bhatia, and Mr. Samarveer Bhatia. This non-market event redistributed existing shares within the family rather than introducing new external capital.

What the Numbers Show

The data reveals a consolidation of ownership within the immediate family unit rather than an external accumulation of control. While the aggregate promoter stake rose by 1.24%, this was not solely due to fresh capital infusion. A significant portion of the "acquisition" figures for Mrs. Manju Bhatia, Ms. Samakshi Bhatia, and Mr. Samarveer Bhatia reflects the inheritance of 2.16% from Late Mr. Atit Bhatia.

Consequently, the net operational buying power of the group is lower than the headline 1.24% increase suggests. If one isolates the inheritance component, the actual market-driven or transfer-driven increase in external control is minimal. The shift indicates estate planning and internal wealth redistribution, evidenced by Mr. Sanjay Bhatia reducing his direct holding by 0.24% while simultaneously funding the HUF's entry into the shareholder register.