Hindware Home Innovation Limited has acquired 5,48,787 equity shares of Hintastica Private Limited from Atlantic Société Française de Développement Thermique for an aggregate purchase consideration of ₹2.79 crore. The transaction, completed on June 30, 2026, converts Hintastica into a wholly owned subsidiary, ceasing its previous status as a joint venture. This strategic acquisition allows the company to fully control and expand the water heater business under the 'hindware' brand.

Consequent to the acquisition, Hintastica Private Limited has ceased to be a joint venture between Hindware Home Innovation Limited and Atlantic. The existing joint venture arrangements, including the shareholders' agreement and all ancillary agreements, have been terminated and are no longer in effect. The company intends to continue and expand the water heater business through Hintastica under the 'hindware' brand.

The disclosures were made pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The necessary details, in line with SEBI Master Circular No. HO/49/14/14(7)2025-CFD-POD2/I/3762/2026 dated January 30, 2026, were submitted as annexures to the earlier disclosure dated June 3, 2026.

Transaction Details

Hindware Limited, a material subsidiary of Hindware Home Innovation , has appointed Shashvat Somany as Joint Managing Director and designated Whole Time Key Managerial Personnel effective October 1, 2026. The appointment was approved by the shareholders of Hindware Limited at its 9th Annual General Meeting held on June 29, 2026. Somany will hold office for a period of five years from the effective date.

The appointment was intimated to the exchanges under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The disclosure references the SEBI Master Circular no. HO/49/14/14(7)2025-CFD-POD2/I/3762/2026 dated January 30, 2026.

Profile and Background

Shashvat Somany currently serves as a Non-Executive Director of Hindware Limited. He is also the Head of Strategy at Somany Impresa Group, which comprises AGI Greenpac Limited and Hindware Home Innovation Limited. In this role, he is responsible for shaping long-term strategic direction and driving growth, operational excellence, and innovation. Additionally, he is the Founder of Tattva, the Group's corporate venture capital arm.

Somany holds an MBA in Tech & Analytics from London Business School and a BA in Economics and Psychology from the University of California, Los Angeles (UCLA). His professional experience includes consulting and advising clients across the consumer appliances, FMCG, and telecommunications sectors.

Key Details of Appointment

Disclosures

The filing disclosed that Shashvat Somany is the son of Sandip Somany, who serves as the Chairman and Managing Director of Hindware Limited and Chairman and Non-Executive Director of Hindware Home Innovation Limited.