Latest news about Himatsingka Seide
Himatsingka Seide
77.91
+0.54(+0.70%)
Company Performance:
View Company Insights1D+0.70%
1M-12.25%
6M-35.47%
1Y-47.31%
5Y-54.28%
More news about Himatsingka Seide
08May 26
Himatsingka Seide Updates on Transfer Pricing Litigation Before Income Tax Appellate Tribunal
Himatsingka Seide Limited disclosed an update on its transfer pricing litigation before the Income Tax Appellate Tribunal, Kolkata, for Assessment Year 2008-09, involving corporate guarantee, inter-corporate loan, and export-related adjustments. The Tribunal dismissed the appeal and deleted additions of Rs. 6.90 crores, after which the Revenue's application for condonation of delay was accepted by the High Court, leading the company to propose filing an appeal before the Supreme Court. The litigation does not involve any key management personnel or promoters, and no settlement has been reached.
01May 26
Himatsingka Seide Limited Publishes Postal Ballot Notice for Special Business Items
Himatsingka Seide Limited published its postal ballot notice on April 30, 2026, seeking shareholder approval for executive remuneration of Chairman and Managing Director for their remaining two-year tenure ending May 31, 2028, and amended articles of association. The remote e-voting period runs from April 30 to May 29, 2026, with KFin Technologies facilitating the process and results to be declared within two working days of voting conclusion.
01May 26
Himatsingka Seide Limited Publishes SEBI Compliance Notice for Securities Transfer
Himatsingka Seide Limited has published regulatory notices in Business Standard and Vartha Bharathi newspapers on April 30, 2026, covering Special Window for Transfer and Dematerialisation of Physical Securities and Second 100-Day Campaign initiatives. The publication fulfills SEBI listing obligations under Regulation 30 and 47, with communications sent to BSE and NSE exchanges under reference HSL/SEC/2026/23.
23Apr 26
Himatsingka Seide Promoters Declare No Share Encumbrance for FY26
Himatsingka Seide Limited promoters have declared zero encumbrance on their shareholdings for FY26 under SEBI regulations. Total promoter and promoter group holding stands at 4,71,29,454 shares (37.48%), with individual promoters holding 37.25% and promoter group entities holding 0.23%. Dinesh Kumar Himatsingka leads with 9.47% stake, while Bihar Mercantile Union Private Limited holds the largest corporate stake at 4.98%.
22Apr 26
Himatsingka Seide Secures Favorable Tax Tribunal Ruling, Rs. 5.85 Crore Additions Deleted
Himatsingka Seide Limited announced a positive outcome in its tax dispute through a regulatory filing on April 17, 2026. The Income Tax Appellate Tribunal, Kolkata dismissed the Revenue's appeal, resulting in deletion of Rs. 5.85 crores in additions for Assessment Year 2009-10. The dispute involved transfer pricing adjustments related to corporate guarantees to subsidiaries, loans to associate companies, and investment classifications, with no settlement terms or penalties involved.
10Apr 26
Himatsingka Seide Limited Announces Senior Management Appointments
Himatsingka Seide Limited announced the appointment of Gaurav Sharma as President & Business Head – Apparel & Fabric Solutions and Sajjad Mubarak Khan as President & Business Head– Sales (Home Textiles & Yarn Solutions), both effective April 9, 2026. Sharma brings over two decades of textile & apparel industry experience, while Khan contributes more than 27 years in fashion & apparel. The appointments were disclosed to stock exchanges on April 10, 2026, in compliance with SEBI regulations.
10Apr 26
Himatsingka Seide Submits Q4FY26 SEBI Compliance Certificate for Securities
Himatsingka Seide Limited has submitted its quarterly compliance certificate under SEBI Regulation 74(5) for Q4FY26, confirming adherence to dematerialization requirements. The company continues to operate a special window for physical securities transfer and dematerialisation until February 2027, following SEBI circular implementation.
02Apr 26
Himatsingka Seide Receives ₹14.17 Crore Tax Demand Notice from Income Tax Department
Himatsingka Seide Limited disclosed receiving a ₹14.17 crore tax demand notice from the Income Tax Department, Kolkata, following an assessment order for AY 2023-24. The order includes ₹51.70 crore additions under Section 92CA(3) of the Income Tax Act. The company contests the additions as unjustified and plans to file an appeal, stating no immediate impact on operations or financials.
12Feb 26
Himatsingka Seide Reports Q3FY26 Results: Revenue Declines to ₹611.37 Crores
Himatsingka Seide's Q3FY26 results show revenue decline to ₹611.37 crores (-11.6% YoY) and significant profit drop to ₹7.62 crores (-65.3% YoY) primarily due to US tariff overhang. The company maintains focus on non-US markets and Indian expansion through multiple brands while operating at varied capacity utilization levels across divisions.
16Jan 26
Himatsingka Seide Limited Announces Statutory Auditors' Conversion to LLP Structure
Himatsingka Seide Limited announced that its statutory auditors M S K A & Associates have converted from a partnership firm to Limited Liability Partnership (LLP) effective January 13, 2026, now operating as M S K A & Associates LLP with ICAI registration number 105047W/W101187. The company confirmed this constitutional change has no impact on the audit engagement and the firm will continue as statutory auditors for the remaining approved tenure.
19Dec 25
Himatsingka Seide Completes ₹100 Crore Series B NCD Allotment
Himatsingka Seide Limited has successfully allotted Series B Non-Convertible Debentures (NCDs) worth ₹100 crores through private placement. The allotment of 1,000 NCDs, each with a face value of ₹10 lakhs, was completed on December 19, 2025. The NCDs are secured, redeemable, and will mature on March 19, 2029. They are backed by assets including first pari passu charge on fixed assets at Hassan and Doddaballapur plants. The redemption schedule includes a 12-month moratorium followed by 10 quarterly installments.
15Dec 25
Himatsingka Seide Limited Announces Senior Management Personnel Change
Himatsingka Seide Limited has announced the retirement of Man Kapur, President-Business Development (Group), Sales, effective December 15, 2025. The company disclosed this senior management change under SEBI Regulation 30 to BSE Limited and National Stock Exchange of India Limited. The regulatory filing was signed by Company Secretary and Compliance Officer Bindu D., maintaining the company's compliance with listing obligations and disclosure requirements.
17Nov 25
Himatsingka Seide Reports 9.3% Revenue Decline in Q2, Plans to Reduce US Exposure
Himatsingka Seide Limited reported a 9.3% decrease in consolidated revenue for Q2, primarily due to ongoing 50% US tariffs. The company's revenue dropped to ₹629.00 crores from ₹694.00 crores in the previous year. To mitigate impacts, Himatsingka is diversifying revenue streams, aiming to reduce US exposure to below 50% and expand in non-US markets. The company is exploring options to raise up to ₹500.00 crores for balance sheet deleveraging. Despite challenges, capacity utilization remains high in spinning (99%), sheeting (60%), and terry towel (66%) divisions. The India business continues to show consistent growth, with the company operating three brands domestically.
13Nov 25
Himatsingka Seide Reports Robust Q2 FY26 Results with 93.5% Jump in Profit
Himatsingka Seide Limited reported strong financial results for Q2 FY26. Despite a 9.3% year-over-year decrease in consolidated revenue to ₹62,957.30 crore, the company's consolidated profit after tax surged 93.5% to ₹4,199.65 crore. For H1 FY26, consolidated revenue decreased by 4.9% to ₹1,36,829.61 crore, while profit after tax rose 25.2% to ₹5,289.33 crore. The company's improved profitability is attributed to enhanced operational efficiency and effective cost management measures.
13Nov 25
Himatsingka Seide Reports Q2 FY2026 Results: Revenue Dips, Profit Soars
Himatsingka Seide Limited announced its Q2 FY2026 results, showing a slight decrease in consolidated revenue to ₹629.57 crores from ₹632.95 crores year-over-year. However, the company reported a significant increase in consolidated profit after tax, reaching ₹5,122.48 crores. Standalone revenue improved to ₹479.24 crores from ₹368.08 crores in the previous quarter. The Board of Directors approved these results on November 12, 2025.
23Oct 25
Himatsingka Seide Board Approves Rs 500 Crore Securities Issuance
Himatsingka Seide Limited's Board of Directors has approved the issuance of equity shares and other eligible securities worth up to Rs 500 crore. The decision was made in a recent board meeting, building on a proposal from September 2. Specific terms including type of security, pricing, and timing will be determined later. The issuance is subject to regulatory approvals and complies with SEBI regulations.
28Aug 25
Himatsingka Seide to Explore Fundraising Options in Upcoming Board Meeting
Himatsingka Seide Limited's Board of Directors will meet on September 2, 2025, to consider and potentially approve a fundraising proposal. The company plans to explore raising funds through the issuance of eligible securities, subject to necessary approvals. In line with regulations, the trading window for the company's equity shares has been closed until further notice for designated persons and their immediate relatives.
25Aug 25
Himatsingka Seide's Creative Head Jayshree Poddar Retires After Long Tenure
Himatsingka Seide Limited announced that Jayshree Poddar, Creative Head - Design, will retire effective August 25, 2025. The company disclosed this information to the NSE and BSE in compliance with regulatory requirements. The retirement marks the end of Poddar's tenure in a crucial role shaping the company's textile product designs. This change could potentially influence Himatsingka Seide's future design strategies.
19Aug 25
Himatsingka Seide Reports Revenue Decline Amid U.S. Tariff Uncertainties, Expands Global Presence
Himatsingka Seide Limited reported a 10.4% year-over-year decline in quarterly revenue to INR 661.00 crores. EBITDA margin decreased by 200 basis points to 19.00%. The company is diversifying its global presence to reduce U.S. revenue share from 60% to below 50% within 18-24 months due to proposed additional 25% U.S. tariffs. Domestically, Himatsingka aims for INR 800.00-1000.00 crores revenue from its three brands. Despite challenges, the company maintains its EBITDA margin guidance of 18-22% and targets revenue of INR 4,000.00 crores within two years.
12Aug 25
Himatsingka Seide Reports Decline in Q1 Financial Performance
Himatsingka Seide Limited's Q1 consolidated results show a significant decline in financial performance. Revenue decreased by 10.67% to ₹656.94 crore, while net profit fell by 47% to ₹10.90 crore compared to the same quarter last year. EBITDA decreased to ₹120.00 crore, with the EBITDA margin contracting to 18.37%. Despite lower revenue, the company managed to reduce total expenses to ₹646.70 crore. Finance costs remained substantial at ₹72.08 crore. The company continues to operate solely in the textile segment.
28May 25
Himatsingka Seide Reports Decline in Q4 Financials
Himatsingka Seide's Q4 results show a 5.9% YoY revenue decrease to ₹6.56 billion. EBITDA fell 17.2% to ₹1.20 billion, with margins contracting from 20.75% to 17.93%. Consolidated net profit dropped sharply by 49.9% YoY to ₹119.00 million. The company faced significant challenges across key financial metrics, indicating pressure on operational efficiency and profitability.
17Apr 25
Himatsingka Seide Approves ₹65 Crore Non-Convertible Debentures Issuance
Himatsingka Seide Limited has approved the issuance of Non-Convertible Debentures (NCDs) worth ₹65 crore. The board meeting on April 17, 2025, sanctioned 650 un-rated, senior, unlisted, secured, redeemable Series 'A' NCDs with a face value of ₹10 lakh each. The NCDs will have an 11.50% interest rate, payable quarterly, with a tenure of up to 39 months. Repayment includes an 18-month moratorium followed by 8 equal quarterly installments. The NCDs are secured by a first pari passu charge on fixed assets of manufacturing facilities in Hassan and Doddaballapur.
11Apr 25
Himatsingka Seide to Consider Fund Raising via Private Placement of NCDs
Himatsingka Seide Limited's board will meet on April 17, 2025, to discuss raising funds through Non-Convertible Debentures (NCDs) via private placement. The funds will be used for refinancing existing debt and general corporate purposes. This decision, in compliance with SEBI regulations, could impact the company's financial strategy and growth plans.
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