Hindware Home Innovation Limited formally submitted comprehensive meeting proceedings to BSE Limited and National Stock Exchange of India Limited on March 07, 2026, following the successful completion of three NCLT-mandated meetings for the composite scheme of arrangement. The company provided detailed documentation under Regulation 30 of SEBI Listing Regulations to both stock exchanges.

Meeting Structure and Timeline

Three separate meetings were conducted on March 07, 2026, at Somany Conference Hall of Merchants' Chamber of Commerce & Industry, Kolkata, as per NCLT order dated December 03, 2025, with corrigendum orders dated December 10, 2025 and January 22, 2026:

Composite Scheme Framework

The meetings focused on approving the composite scheme of arrangement between three key entities under Sections 230 to 232 of the Companies Act, 2013:

Meeting Governance and Documentation

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

Comprehensive documentation was distributed to all eligible participants, including notices, explanatory statements under Sections 230 and 102 of the Companies Act, 2013, composite scheme details, valuation reports, fairness opinions, and SEBI-compliant disclosures. The cut-off date for voting eligibility was set as September 30, 2025.

Resolution and Voting Process

All meetings addressed a single resolution requiring requisite majority approval as prescribed under Section 230(6) of the Companies Act, 2013. The resolution sought to approve the composite scheme of arrangement with requisite majority support. For equity shareholders, this specifically required majority in number representing three-fourths in value of members present and voting.

Voting was conducted through polling papers at the venue, with the scrutinizer responsible for fair and transparent conduct. The Chairman informed participants that results would be declared within seven days following scrutinizer report submission, with outcomes deemed passed on the meeting date subject to confirmation.

Regulatory Compliance and Next Steps

The company fulfilled its regulatory obligations by submitting detailed meeting proceedings to both BSE Limited and National Stock Exchange of India Limited under Regulation 30 requirements. Results will be published on the company website and CDSL platform, with simultaneous forwarding to stock exchanges where shares are listed. The formal submission included three separate annexures detailing proceedings for each meeting category, ensuring complete transparency and regulatory compliance.

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.