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.

Hindustan Tin Works will hold its 68th annual general meeting on Tuesday, September 29, 2026, at 11:00 am. The meeting will be conducted via video conferencing or other audio-visual means in compliance with Ministry of Corporate Affairs and SEBI circulars.

The deemed venue for the e-AGM is the company's registered office in New Delhi. Shareholders holding shares on the record date of September 22, 2026, will be eligible to participate and vote.

Agenda Items

The notice outlines both ordinary and special business to be transacted during the meeting:

Ordinary Business

• Receive, consider, and adopt the audited financial statements for the financial year ended March 31, 2026.
• Declare dividend on equity shares for FY26.
• Reappoint Mr. Prit Pal Singh (DIN: 00658785) as a director, who retires by rotation under Section 152 of the Companies Act, 2013.

Special Business

• Continuation of Independent Director: Approve the continuation of Mr. Vipin Aggarwal (DIN: 00084395) as a Non-Executive Independent Director after he attains the age of 75 years on November 14, 2026. This requires a special resolution pursuant to Regulation 17(1A) of the SEBI LODR.
• Cost Auditor Remuneration: Ratify the remuneration of Messrs K.S. Bhatnagar & Associates for conducting the cost audit for the financial year ending March 31, 2027.

Cost Audit Details

The Board has approved the appointment of cost auditors based on the recommendation of the Audit Committee. The remuneration structure is detailed below:

Voting and Participation

Remote e-voting will be available from September 26, 2026, at 9:00 am to September 28, 2026, at 5:00 pm, through Central Depository Services (India) Limited (CDSL). Shareholders who vote remotely will not be eligible to vote again during the live meeting.

The register of members and share transfer books will remain closed from September 23, 2026, to September 29, 2026. Dividends, if declared, will be paid electronically to members on record as of September 22, 2026, after deducting applicable Tax at Source (TDS).

Director Profiles

Mr. Prit Pal Singh, seeking reappointment, holds qualifications in B.Sc., LLB, and a Post Graduate Diploma in Human Resources Management. His expertise lies in compliances and human resources management. He has no shareholding in the company and no other directorships.

Mr. Vipin Aggarwal, a Chartered Accountant with expertise in accounts, auditing, taxation, and corporate laws, continues his tenure as an Independent Director. He holds directorships in five other entities, including Club 9 Vacations Private Limited and Woodsvilla Limited.