Hindware Home Innovation Limited successfully conducted three crucial meetings on March 07, 2026, as mandated by the National Company Law Tribunal (NCLT), Kolkata Bench, to approve a composite scheme of arrangement. The meetings were held at Somany Conference Hall of Merchants' Chamber of Commerce & Industry, Kolkata, involving unsecured creditors and equity shareholders.

Meeting Schedule and Structure

Three separate meetings were convened on March 07, 2026, following the NCLT order dated December 03, 2025, along with corrigendum orders dated December 10, 2025, and January 22, 2026:

Composite Scheme Details

The primary agenda involved consideration and approval of the composite scheme of arrangement between three entities:

• Hindware Home Innovation Limited (Demerged Company/Remaining Transferor Company)
• HHIL Limited (Resulting Company)
• Hindware Limited (Transferee Company)

The scheme operates under Sections 230 to 232 of the Companies Act, 2013, requiring requisite majority approval as prescribed under Section 230(6) of the Act.

Meeting Proceedings and Governance

Mr. Sandip Kumar Kejriwal chaired all three meetings as directed by the NCLT. Key company officials present included Mr. Girdhari Lal Sultania (Director), Mr. Sandeep Sikka (Group CFO), and Ms. Payal M Puri (Company Secretary & Sr. V.P. Group General Counsel). Mr. Jnana Ranjan Dhal served as the NCLT-appointed scrutinizer to ensure fair and transparent voting.

The cut-off date for determining voting eligibility was set as September 30, 2025, with voting conducted through polling papers at the venue. Each meeting followed a structured format where the Chairman briefed participants on the scheme's salient features and invited clarifications before conducting the voting process.

Documentation and Compliance

Comprehensive documentation was distributed to all eligible participants, including:

• Notice of meeting and explanatory statements under Sections 230 and 102 of the Companies Act, 2013
• Composite scheme of arrangement details
• Valuation reports and fairness opinions
• Relevant disclosures as per SEBI regulations
• Requirements specified by observation letters

Meeting Outcomes and Timeline

All three meetings concluded successfully with the following timeline:

The scrutinizer will submit the voting results report within seven days from the meeting conclusion. Results will be published on the company website and CDSL platform, with simultaneous forwarding to stock exchanges where the company's shares are listed. The resolutions are deemed to be passed on the meeting date, subject to scrutinizer confirmation.

Hindware Home Innovation Limited has informed the stock exchanges about the resignation of one of its directors, marking a change in the company's board composition. The announcement was made through a formal communication to both BSE Limited and National Stock Exchange of India Limited on March 2, 2026.

Director Resignation Details

Mr. Girdhari Lal Sultania, holding Director Identification Number (DIN) 00060931, has tendered his resignation from his position as Non-Executive Non-Independent Director of the company. The resignation becomes effective from March 5, 2026, as stated in his formal resignation letter submitted to the board.

Regulatory Compliance

The company has fulfilled its disclosure obligations under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The intimation was sent to both stock exchanges where the company's shares are listed, ensuring transparency and regulatory compliance.

The formal communication was signed by Payal M Puri, who serves as the Company Secretary and Senior Vice President Group General Counsel. The company has also indicated that this information will be made available on its official website at www.hindwarehomes.com .

Documentation and Process

As part of the regulatory requirements, Hindware Home Innovation Limited has provided comprehensive documentation including the resignation letter and requisite details as mandated by SEBI Master Circular. The resignation letter, dated March 2, 2026, was personally signed by Mr. Sultania, expressing his appreciation for the opportunity to serve on the board and wishing the company continued success.

Mr. Sultania, who holds qualifications including B.Com., F.C.A., and F.C.S., stated in his resignation letter that he is stepping down due to personal reasons and certain other pre-occupations. The director expressed sincere appreciation for the opportunity to contribute to the company's growth during his tenure on the board.