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.

Hind Aluminium Industries Limited has issued a clarification to BSE Limited regarding recent movements in its share price, responding to an exchange inquiry dated December 30, 2025. The company addressed concerns about price volatility while reaffirming its regulatory compliance standards.

Exchange Inquiry Response

The company received a formal inquiry from BSE's Corporate Relationship Department through email reference L/SURV/ONL/PV/AJ/2025-2026/3249, seeking clarification on recent price movements in the company's security. This inquiry prompted the management to provide a comprehensive response regarding market activity and regulatory adherence.

Company's Position on Price Movement

Hind Aluminium Industries attributed the recent share price changes entirely to market circumstances driven by broader market conditions. The company emphasized that it has consistently communicated all relevant events and information impacting its operations and performance to BSE as required under regulatory frameworks.

Regulatory Compliance Confirmation

The management confirmed full compliance with Regulation 30 and other applicable provisions of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The company stated it has consistently disclosed all price-sensitive information and events affecting its business operations to the stock exchange in a timely manner.

Company Secretary and Compliance Officer Ankita Vishwakarma digitally signed the response, reinforcing the company's commitment to maintaining transparency with regulatory authorities. The clarification document was formally submitted on December 30, 2025, at 16:56:44 IST.

Future Disclosure Commitments

Hind Aluminium Industries assured BSE of its continued commitment to regulatory compliance and timely information disclosure. The company pledged to keep the stock exchange informed of any material developments or events as they occur, maintaining adherence to SEBI guidelines and ensuring market transparency.