Hindprakash Industries Limited has informed the Exchange regarding Notice of Postal Ballot

Hindprakash Industries Limited has sent a Postal Ballot Notice to shareholders seeking approval (via Special Resolution) to sell, transfer, or dispose of its entire undertaking — a non-agricultural land and building parcel of 38,433.534 sq. meters located at Plot No. T-10 to T-12, Saykha Industrial Estate, GIDC, Bharuch, Gujarat. The Board approved this on March 18, 2026, and the e-voting window runs from March 23, 2026 to April 21, 2026, with the cut-off date set at March 13, 2026. The company says the asset is valued at more than 20% of its net worth, which is why shareholder approval is required under Section 180(1)(a) of the Companies Act, 2013. The sale consideration will not be less than the value determined by an independent registered valuer. Proceeds are proposed to be used for working capital needs, repaying outstanding debt, and general corporate purposes. The resolution will require a majority of public shareholders to vote in favour (SEBI Regulation 37A), and related public shareholders are barred from voting.