Hindware Home Innovation Limited has initiated a postal ballot process to seek shareholder approval for a key board appointment, marking a significant corporate governance development for the company. The postal ballot notice, dated February 27, 2026, outlines the procedure for shareholders to participate in the decision-making process through electronic voting.

Director Appointment Details

The company seeks approval for appointing Mr. Ram Babu Kabra (DIN: 00021886) as a Non-Executive Non-Independent Director, effective March 4, 2026. The Board of Directors approved his appointment as an Additional Director on February 27, 2026, based on the Nomination and Remuneration Committee's recommendation.

E-Voting Schedule and Process

The company has established a comprehensive timeline for the postal ballot process, with Central Depository Services (India) Limited (CDSL) providing e-voting facilities. The cut-off date for determining eligible shareholders has been set as March 20, 2026.

Regulatory Compliance Requirements

The appointment requires special resolution approval under multiple regulatory provisions. As per Regulation 17(1A) of SEBI Listing Regulations, special resolution approval is mandatory for Non-Executive Directors who will attain 75 years during their tenure. Additionally, Regulation 17(1C) requires shareholder approval within three months of appointment.

Mr. Kabra brings extensive expertise to the board, having served as President at Hindware Limited, a subsidiary of the company. His professional background encompasses:

• Strategic leadership in mergers and acquisitions
• Fund mobilization and investor relations management
• Supply chain operations oversight
• Cost optimization and labor relations expertise
• Industry contribution as Director at Water Management and Plumbing Skills Council

Scrutinizer and Administrative Details

Mr. Pravin Kumar Drolia, Company Secretary in Practice (FCS No. 2366, CP No. 1362), has been appointed as the scrutinizer to ensure fair and transparent conduct of the postal ballot process. The postal ballot notice is being distributed electronically to all eligible shareholders whose email addresses are registered with the company or depositories.

Shareholders can access the postal ballot notice on the company's website at www.hindwarehomes.com and CDSL's e-voting platform at www.evotingindia.com . The results, along with the scrutinizer's report, will be published on these platforms and stock exchange websites following the conclusion of the voting period.

Stakeholder Interests

Except for Mr. Ram Babu Kabra and his relatives, no other directors, key managerial personnel, or their relatives have any financial or other interest in the proposed resolution. The appointment aligns with the company's Nomination and Remuneration Policy and complies with all applicable provisions of the Companies Act, 2013, and SEBI Listing Regulations.

Hindware Home Innovation Limited has exercised its put option in joint venture Hintastica Private Limited following a notice from its partner regarding a potential change in control. The company disclosed this development to stock exchanges on March 24, 2026, pursuant to Regulation 30 of SEBI listing regulations.

Joint Venture Details and Investment

The put option exercise relates to Hindware Home Innovation's shareholding in Hintastica Private Limited, a 50:50 joint venture established with Atlantic Société Française de Développement Thermique, France under a Share Subscription and Shareholders' Agreement dated March 25, 2021.

Trigger for Put Option Exercise

The exercise of the put option was triggered pursuant to a notice received from Atlantic SFDT regarding a proposed transaction. This transaction, subject to satisfaction of conditions precedent, may result in a change in control of Atlantic SFDT, in accordance with the terms of the joint venture agreement.

The put option mechanism was built into the original shareholders' agreement to protect the interests of both parties in case of significant corporate changes affecting either partner.

Board Approval and Authorization

The Board of Directors, at its meeting held on March 24, 2026, considered the matter and approved the exercise of the put option. The board meeting commenced at 4:00 pm and concluded at 4:45 pm.

The board has authorized the management to take comprehensive actions including:

• Engagement of advisors and valuers
• Issuance of necessary communications
• Initiation of appropriate legal and contractual proceedings if required in case of disputes
• Enforcement of the company's rights under the joint venture agreement

Transfer Process and Valuation

The transfer of equity shares held by Hindware Home Innovation in HPL and the final consideration to be received are subject to determination in accordance with the terms and mechanisms set out in the joint venture agreement. This process will include valuation procedures and completion formalities to be conducted in due course.

The company has committed to making further disclosures in accordance with applicable SEBI and listing regulation requirements as and when required during the transfer process. The formal disclosure was communicated to both BSE Limited and National Stock Exchange of India Limited as per regulatory requirements.