Hindprakash Industries Limited has informed the Exchange regarding Outcome of Board Meeting held on March 18, 2026.
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Hindprakash Industries' Board, meeting on March 18, 2026, approved selling its entire unit at Plot No. T-10 to T-12, Saykha Industrial Estate, GIDC, Bharuch, Gujarat, to a third-party (non-related-party) buyer. The sale price will be based on a Registered Valuer's report and shareholder approval will be sought through a postal ballot. The unit being sold contributed only Rs. 64.44 lakhs of revenue (0.64% of total) in FY25, with a negative net worth of Rs. (3.74) crore. The company says the disposal is aimed at boosting liquidity, with proceeds earmarked for working capital, debt repayment, and general corporate purposes. No specific buyer, deal value, or completion date has been disclosed yet.
The unit being sold is a small, loss-making piece of the business (0.64% of revenue, negative net worth), so divesting it is likely neutral to mildly positive for shareholders — it removes a drag on the balance sheet and frees up cash for debt reduction and operations. Short-term stock reaction is likely muted until the actual sale price is revealed; the deal still needs shareholder approval.