Hindware Home Innovation Limited has informed the Exchange regarding Notice of the Meeting of the Equity Shareholders of Hindware Home Innovation Limitedbeing convened as per directions of Hon ble National Company Law Tribunal, KolkataBench ( NCLT ) in the matter of the Composite Scheme of Arrangement betweenHindware Home Innovation Limited ( Demerged Company/Remaining TransferorCompany ), HHIL Limited ( Resulting Company ) and Hindware Limited ( TransfereeCompany ) and their respective shareholders and creditors under Sections 230 to 232 andother applicable provisions of the Companies Act, 2013
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Hindware Home Innovation Limited has informed the exchange about a meeting of its equity shareholders being convened as directed by the NCLT, Kolkata Bench. The meeting pertains to a Composite Scheme of Arrangement involving Hindware Home Innovation Limited as the Demerged Company, HHIL Limited as the Resulting Company, and Hindware Limited as the Transferee Company. The scheme is being pursued under Sections 230 to 232 and other applicable provisions of the Companies Act, 2013. The shareholder meeting is a procedural step required for NCLT-approved schemes of arrangement. No specific demerger ratio or financial details have been disclosed in this filing.
This is a procedural update related to an ongoing corporate restructuring; shareholders should await further details on the scheme structure and any entitlement ratios. The outcome of the shareholder meeting will determine the next steps in the demerger/composite arrangement process.