Shareholders approve sale of Friction Business on slump sale basis

Core Business DivestedStrategic Transactions View source PDF Explain this filing

HINDCOMPOS · price

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

+1.8%Reaction day

₹416.50

prior close

₹416.50

announcement price

After-mkt

timing

Nifty Microcap 250market · in no size index; the smallest one is used+0.4%+1.4% vs market

Auto Components & Equipments peers, median of 117sector-0.1%+1.9% vs sector

On the reaction day the stock moved 1.4 pts more than Nifty Microcap 250 and 1.9 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

-0.9

10m

-0.8

15m

+0.2

30m

+0.5

Sessions after the filingfrom the prior close

StockMarketvs marketSectorvs sector

Reaction day

+1.8+0.4+1.4-0.1+1.9

Next day

-1.1+0.5-1.6-0.4-0.6

-1.5+0.6-2.2-0.2-1.3

-0.8+0.7-1.6-0.1-0.8

-1.8+1.1-2.9+0.5-2.3

-2.0+0.5-2.6-0.3-1.8

-0.9+1.3-2.2-0.2-0.7

15d

-3.8+0.5-4.4-2.1-1.7

-8.4-0.8-7.6-4.0-4.4

+5.9-0.9+6.8-3.6+9.5

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UpDownMarket · Nifty Microcap 250Sector · Auto Components & Equipments peers, median of 117Pending

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

AI summary

Hindustan Composites completed a postal ballot where shareholders approved the sale of its Friction Business Undertaking on a slump sale basis under Section 180(1)(a) of the Companies Act, 2013 and SEBI Regulation 37A. Of the 14,769,000 total shares, 623,686 valid votes were polled, with 98.96% voting in favour and 1.04% against. Promoters holding 11,073,060 shares did not cast votes. The special resolution was deemed passed on 8 August 2026 and results declared on 11 August 2026.

Likely market impact

Shareholders have cleared the company to divest its Friction Business, a key undertaking; the slump sale proceeds and terms will drive near-term stock reaction.