Hindware Home Innovation Limited has informed the Exchange regarding Appointment of Mr Shashvat Somany as an Additional Director in the category of Non- Executive Non-Independent Director of the company w.e.f. July 01, 2026, subject to approval of shareholders of the Company
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Hindware Home Innovation Limited's Board meeting on 19th May 2026 approved appointment of Mr. Shashvat Somany as Additional Director in Non-Executive Non-Independent category, effective 1st July 2026, subject to shareholder approval. The company also approved Q4 and FY2026 audited financial results showing consolidated revenue of Rs 662.73 crore for Q4 and Rs 2,510.28 crore for full year (down from Rs 2,522.99 crore). Consolidated net loss after tax and joint venture share was Rs 18.87 crore for Q4 and Rs 39.31 crore for FY2026. Exceptional items included Rs 39.20 crore impairment (standalone) related to joint venture Hintastica Private Limited and Rs 44.28 crore net charge from discontinued product categories. The Board did not recommend any dividend for FY2026. The 9th AGM is scheduled for 18th August 2026.
Appointment adds a director but company faces continued losses with significant exceptional charges from JV impairment and discontinued operations; no dividend is a concern for income-focused investors.