NCLT corrigendum reschedules scheme meetings to March 7, 2026

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HINDWAREAP · price

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

-2.8%Reaction day

₹232.50

prior close

₹231.00

announcement price

After-mkt

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Nifty Microcap 250market · in no size index; the smallest one is used-2.1%-0.7% vs market

Consumer Durables peers, median of 189sector · industry level-1.2%-1.6% vs sector

On the reaction day the stock moved 0.7 pts less than Nifty Microcap 250 and 1.6 pts less than its Consumer Durables 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

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Sessions after the filingfrom the prior close

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Reaction day

-2.8-2.1-0.7-1.2-1.6

Next day

-2.8-2.0-0.8-1.7-1.1

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UpDownMarket · Nifty Microcap 250Sector · Consumer Durables peers, median of 189Pending

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

AI summary

Hindware Home Innovation has received a corrigendum order from NCLT Kolkata correcting a date error in its composite scheme of arrangement. Meetings of equity shareholders and unsecured creditors, previously set for January 18, 2026, are now rescheduled to Saturday, March 7, 2026. The scheme proposes demerging the consumer products business into HHIL Limited and the remaining business into Hindware Limited, with appointed date April 1, 2025. Rest of the December 3, 2025 order remains unchanged.

Likely market impact

Minor procedural delay in the scheme approval timeline; no change to the substance of the demerger plan.