Postal Ballot Notice - Disclosure under Regulation 30 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015
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Hind Aluminium Industries has issued a Postal Ballot Notice seeking shareholder approval to acquire the aluminium business of Nirav Commercials Limited, which operates under the brand 'Elesar Focchi' (making grills, doors, and windows). The deal value is up to Rs. 1.25 Crores on a slump sale / going concern basis. Nirav Commercials is a related party as both companies share common promoters and the Chairman. The transaction qualifies as a Material Related Party Transaction since it exceeds 10% of annual consolidated turnover. E-voting runs from February 5, 2026 to March 6, 2026, with results declared on March 9, 2026.
The acquisition expands Hind Aluminium's product portfolio into branded aluminium grills, doors, and windows, though the Rs. 1.25 Crore deal size is relatively small. As it is a related party transaction, related parties will not vote on the resolution, reducing conflict-of-interest concerns for minority shareholders.