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

Core Business DivestedStrategic Transactions View source PDF Explain this filing

HINDCOMPOS · price

Loading chart…

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

Price reactionminutes from the announcement price · days from the prior close

+9.3%Reaction day

₹424.00

prior close

₹450.00

announcement price

After-mkt

timing

Nifty Microcap 250market · in no size index; the smallest one is used+0.2%+9.1% vs market

Auto Components & Equipments peers, median of 118sector+0.7%+8.6% vs sector

On the reaction day the stock moved 9.1 pts more than Nifty Microcap 250 and 8.6 pts more than its Auto Components & Equipments peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.

Minutes after the announcementfrom the announcement price · no benchmark

Stock

+7.7

10m

+7.1

15m

+7.2

30m

+6.7

Sessions after the filingfrom the prior close

StockMarketvs marketSectorvs sector

Reaction day

+9.3+0.2+9.1+0.7+8.6

Next day

+8.0+1.0+7.0+2.0+6.1

+5.7+0.7+5.0+2.1+3.6

+2.8+0.9+1.9+1.4+1.5

+2.7+0.2+2.5+1.2+1.5

+3.5-1.8+5.4-0.4+3.9

+3.4+1.4+2.0+1.0+2.4

15d

+1.9-0.6+2.5+0.5+1.4

+0.3+1.5-1.2+3.6-3.3

-4.5+4.5-9.0+3.5-8.0

-9.3+3.1-12.4+2.7-12.0

UpDownMarket · Nifty Microcap 250Sector · Auto Components & Equipments peers, median of 118Pending

Minute windows have no benchmark: there is no intraday index history to compare against.

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.