Hind Composites to sell Friction Business to Rane Madras for INR 370 Cr

Core Business DivestedStrategic Transactions View source PDF

HINDCOMPOS · price

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▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.

Price reaction · full curve 14 horizons · vs prior close

+8.0%1-day move

₹424.00

prior close

₹450.00

base price

After-mkt

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AI summary

Hindustan Composites board approved sale of its Friction Business to Rane Madras Limited for INR 370 Crore cash via slump sale. The Friction Business contributed 84 percent of company turnover (INR 315 Crore) in FY26. Deal subject to shareholder approval via postal ballot, expected to close by September 30, 2026. Buyer is not a related party. Proceeds to fund investments and a special dividend.

Likely market impact

Major divestment of core business. INR 370 Cr inflow expected to fund growth and special dividend. Removes 84 percent of revenue base.