National Company Law Tribunal clears business split and merger
HINDWAREAP · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Awaiting price reaction for this filing.
The company received the National Company Law Tribunal order on 6 November 2026, sanctioning a composite scheme on 14 October 2026. Consumer products will move to unlisted HHIL Limited, while the remaining business will merge into unlisted Hindware Limited. The listed company will be dissolved without winding up. The scheme takes effect after filing the certified order with the Registrar of Companies; effective and record dates are pending.
The scheme nears completion and may unlock value, but shareholder and stock effects depend on the effective date and final share exchange ratio.