Hindware Home Innovation Limited has informed the Exchange regarding d) Appointment of M/s. Protiviti India Member Private Limited as Internal Auditors of the Company for the financial year 2026-27.
HINDWAREAP · price
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Hindware Home Innovation Limited reported FY2026 consolidated revenue of ₹2,510 crore, nearly flat versus prior year (₹2,523 crore). The company swung to a consolidated loss before tax of ₹7.95 crore from a much larger loss of ₹57.72 crore last year. Exceptional items included a ₹3.65 crore impairment on joint venture Hintastica and ₹44.28 crore in charges from discontinuing unprofitable product categories (air purifiers, water purifiers, fans, air coolers). The board appointed Protiviti India as internal auditors for FY2026-27 and Mr. Shashvat Somany (effective July 2026) as an Additional Director. No dividend was declared. Auditors flagged a going concern issue for subsidiary EVOK Homes (liabilities exceed assets by ₹5.55 crore).
While losses narrowed significantly, the company remains under pressure from its struggling consumer appliances segment and subsidiary issues. The appointment of a Somany family member to the board signals continued family involvement in governance. No dividend and ongoing restructuring may keep sentiment cautious.