Hindware Home Innovation Limited announced that its wholly owned subsidiary, Hindware Limited, has received a demand order of ₹1.26 crore from the Kerala State GST Department. The demand relates to Value Added Tax (VAT) dues for the fiscal year 2012-13.

The order was issued by the Deputy Commissioner (Arrear Recovery), State GST Department, Ernakulam, Kerala, under the Kerala Value Added Tax Act, 2003. The specific violation cited is the non-submission of required forms during the FY13 period.

Details of the Demand Order

The company disclosed this development in a filing to stock exchanges on October 5, 2026. The demand order is dated September 26, 2026, and was received by the company on October 5, 2026. The total amount demanded is ₹1,26,50,769. In addition to the principal amount, applicable interest will continue to accrue until the date of payment. Recovery charges are also leviable at 5% for arrears up to ₹5 lakh and 7.5% for arrears exceeding ₹5 lakh.

Financial Impact and Response

Hindware stated that it is examining the matter in consultation with its legal counsel and evaluating available legal remedies. The company noted that pending the completion of this evaluation, the financial impact, if any, cannot be ascertained at this stage. The disclosure was made pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Hindware Home Innovation Limited held its 9th Annual General Meeting (AGM) on Tuesday, August 18, 2026. The meeting was conducted through Video Conferencing or Other Audio Visual Means (VC/OAVM) in compliance with the Companies Act, 2013 and Ministry of Corporate Affairs circulars.

The session commenced at 12:00 pm and concluded at 1:05 pm. Sandip Somany, Chairman and Non-Executive Director, chaired the proceedings. He briefed members on the company's performance and key initiatives during FY25-26. Naveen Malik, Chief Financial Officer and Chief Executive Officer, presented an overview of the financial performance for the fiscal year ended March 31, 2026.

Key Resolutions

The agenda included ordinary and special business items for shareholder approval:

• Adoption of audited standalone and consolidated financial statements for FY26, along with the Board of Directors' and Auditors' reports.
• Re-appointment of Sandip Somany as a Director, retiring by rotation.
• Appointment of Shashvat Somany as a Non-Executive Non-Independent Director.
• Approval of remuneration by way of commission to directors other than the Managing Director or Whole-time Director.

Voting Process

Remote e-voting was facilitated by Central Depository Services (India) Limited (CDSL). The voting window opened on Saturday, August 15, 2026, at 9:00 am and closed on Monday, August 17, 2026, at 5:00 pm. Pravin Kumar Drolia, Company Secretary in Whole-time Practice, served as the Scrutinizer for the e-voting process.

Members participating via VC/OAVM could cast votes during the meeting if they had not voted remotely. The e-voting results and Scrutinizer's Report will be filed with the stock exchanges and published on the company and CDSL websites within two working days of the meeting's conclusion.

Payal M Puri, Company Secretary and Senior Vice President Group General Counsel, confirmed that the requisite quorum was present throughout the meeting. No qualifications were reported by the Statutory Auditor or Secretarial Auditor in their respective reports.