Hindware Home Innovation Limited has successfully completed the sale of manufacturing assets through its joint venture Hintastica Private Limited (HPL) to Ariston Water Heating Products India Private Limited. The transaction, which was finalized on December 11, 2025, involves the sale of manufacturing facilities in Telangana for a revised consideration of INR 115.00 crore.

Transaction Completion Details

Asset Sale Specifications

The completed transaction encompasses the transfer of identified manufacturing assets located at Green Industrial Park, Pollepally Village, Jadcherla Mandal, Mehaboob Nagar, Telangana. The assets include comprehensive manufacturing infrastructure comprising land, buildings, plant, machinery, and equipment.

Regulatory Compliance and Documentation

All conditions precedent under the Asset Sale Agreement dated October 17, 2025, have been duly satisfied. The company has completed the execution of the Sale Deed along with all ancillary closing documents, ensuring full regulatory compliance under SEBI regulations.

Strategic Business Impact

The transaction represents a continuation of Hindware Home Innovation's strategic shift towards an asset-light business model. HPL, which has been manufacturing electric storage water heaters since 2023, will maintain its operational focus in the water heater segment while optimizing its asset utilization strategy.

The completion of this asset sale strengthens the company's balance sheet and provides enhanced operational flexibility. This strategic move aligns with the company's broader objectives of focusing on market development, product innovation, and expanding consumer reach through its established distribution network.

Hindware Home Innovation Limited , a prominent player in the home appliances and building products sector, has received a significant tax demand from the Maharashtra state tax authorities. The company is now grappling with a ₹1,00,43,587 demand order issued by the Deputy Commissioner of State Tax in Bhiwandi-503, Raigad, Maharashtra.

Breaking Down the Demand

The tax demand comprises three main components:

Allegations by Tax Authorities

The state tax authority has raised several concerns regarding Hindware's tax practices:

1. Improper reduction of tax liability through credit notes for sale cancellations
2. Availment of ineligible input tax credit
3. Delayed payments to trade payables beyond the 180-day limit

Company's Response

Hindware Home Innovation Limited has taken a firm stance on the matter, stating that the demand order was issued without due consideration of their submissions. The company believes that the tax demand is not maintainable under the circumstances.

Next Steps

In light of this development, Hindware is taking a cautious approach:

1. The company is currently in consultation with its legal advisors.
2. They are evaluating the demand order in detail.
3. Based on the evaluation, Hindware will determine the appropriate course of action to address this tax issue.

This tax demand comes at a time when many companies are facing increased scrutiny from tax authorities. The outcome of this case could have implications not only for Hindware but also for other businesses operating in the state of Maharashtra and potentially across India.

As the situation unfolds, stakeholders will be keenly watching how Hindware Home Innovation Limited navigates this tax challenge and what impact it may have on the company's financial position and operations.