Hind Aluminium Industries Limited has released its unaudited financial results for the quarter and nine months ended December 31, 2025, presenting a mixed performance across consolidated and standalone operations. The Board of Directors approved these results at their meeting held on February 13, 2026.

Consolidated Financial Performance

The company's consolidated operations showed contrasting results between quarterly and nine-month performance. While the third quarter witnessed challenges, the nine-month period demonstrated strong growth momentum.

The company's associate company contribution played a significant role, with share of profit from associates reaching ₹1.28 crores in Q3 FY26 compared to a loss of ₹0.39 crores in Q3 FY25.

Standalone Operations Outperform

Standalone results presented a more robust picture, with the company maintaining profitability across both quarterly and nine-month periods.

Segment-wise Performance Analysis

The company operates across three primary segments: Aluminium Products, Power, and Treasury Operations. Treasury Operations emerged as the key profit driver during the period.

Consolidated Segment Results (Nine Months FY26):

• Aluminium Products: Revenue of ₹5.00 crores with segment loss of ₹2.85 crores
• Power: Revenue of ₹1.03 crores with segment profit of ₹0.36 crores
• Treasury Operations: Revenue of ₹2.12 crores with segment profit of ₹1.96 crores

The Aluminium Products segment faced operational challenges, recording losses across both quarterly and nine-month periods, while Treasury Operations provided substantial support to overall profitability.

Operational Highlights

Total expenses for the nine-month period reached ₹8.79 crores compared to ₹2.29 crores in the previous year, primarily driven by increased cost of materials consumed (₹4.03 crores vs nil) and higher employee benefit expenses (₹2.13 crores vs ₹0.65 crores). The significant increase in operational activity is reflected in the substantial revenue growth across segments.

Corporate Structure Changes

During FY26, the subsidiary company Hind Power Products Private Limited was struck off, resulting in derecognition of its consolidation impact. The consolidated results now include one associate company, Associated Industries Limited LLC (SFZ) – Oman, which contributed ₹6.82 crores to nine-month profits.

The company maintained its paid-up equity share capital at ₹6.30 crores with a face value of ₹10 per share throughout the reporting period. The auditors issued a qualified review report noting that provision for gratuity and leave encashment was made on an estimated basis rather than actuarial valuation as required under Ind AS 19.

Hind Aluminium Industries has issued a postal ballot notice seeking shareholder approval for its proposed Rs 1.25 crore acquisition of Nirav Commercials Limited's aluminium business under the "Elesar Focchi" brand. The board meeting held on February 04, 2026, approved the Business Transfer Agreement (BTA) for acquiring the target business operating under the brand name "Elesar Focchi."

Postal Ballot Process and Timeline

The company has engaged Bigshare Services Private Limited to provide e-voting facility to its members for the postal ballot process. The postal ballot notice is being sent only through electronic mode to members whose names are recorded in the Register of Members as on the cut-off date of January 30, 2026.

Transaction Structure and Approval Requirements

The acquisition is structured as a slump sale on a going concern basis and constitutes a material related party transaction since Nirav Commercials Limited belongs to the promoter group. The transaction requires shareholder approval as it exceeds 10% of the company's annual consolidated turnover as per the last audited financial statements.

Target Business Profile

The target business of Nirav Commercials Limited is primarily engaged in manufacturing and selling aluminium grills, doors and windows under the "Elesar Focchi" brand. The business, incorporated on June 27, 1985, operates mainly in India and has shown consistent revenue generation over the past three years.

Financial Performance Overview

Strategic Rationale and Compliance

According to the company's disclosure, Hind Aluminium Industries is exploring acquisition opportunities in businesses with manufacturing facilities, focusing on new product development. The proposed acquisition aligns with the company's growth strategy and is expected to help achieve strategic and commercial objectives. The transaction is being conducted on an arm's length basis and complies with SEBI regulations for material related party transactions, with no governmental or regulatory approvals required for the acquisition.