Hind Aluminium Industries Limited has executed a Business Transfer Agreement with Nirav Commercials Limited, marking a significant corporate development that requires shareholder approval before implementation.

Business Transfer Agreement Details

The company informed BSE Limited on 17th February 2026 about the execution of the Business Transfer Agreement (BTA) with Nirav Commercials Limited. This communication follows earlier intimations provided on 4th February 2026 and 13th February 2026, indicating ongoing discussions and preparations for this corporate transaction.

Regulatory Compliance and Next Steps

The Business Transfer Agreement has been executed in compliance with Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. However, the effectiveness of the BTA remains contingent upon a crucial condition.

The agreement will become effective only after obtaining approval from the shareholders of Hind Aluminium Industries Limited. This requirement ensures that stakeholders have the opportunity to review and approve the proposed business transfer before its implementation.

Corporate Communication

The intimation was signed by Ankita Vishwakarma, Company Secretary & Compliance Officer, and submitted to the Corporate Relationship Department of BSE Limited. The communication was digitally signed on 17th February 2026 at 16:32:27 +05'30', demonstrating the company's adherence to digital compliance procedures.

The company has requested BSE Limited to take the information on record and update their records accordingly, ensuring proper documentation of this corporate development in the exchange's systems.

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.