NCLT orders meetings for Hindware Home demerger scheme

Nclt Scheme FiledDemerger Ratio AnnouncedStrategic Transactions View source PDF Explain this filing

HINDWAREAP · price

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▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.

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

-4.6%Reaction day

₹232.90

prior close

₹229.40

announcement price

After-mkt

timing

Nifty Microcap 250market · in no size index; the smallest one is used-1.3%-3.3% vs market

Consumer Durables peers, median of 189sector · industry level-0.9%-3.7% vs sector

On the reaction day the stock moved 3.3 pts less than Nifty Microcap 250 and 3.7 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

+0.7

10m

+0.3

15m

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30m

+0.6

Sessions after the filingfrom the prior close

StockMarketvs marketSectorvs sector

Reaction day

-4.6-1.3-3.3-0.9-3.7

Next day

-7.7-4.0-3.7-3.0-4.7

-5.5-4.8-0.8-4.6-1.0

-0.2-3.3+3.1-3.2+3.0

-3.0-5.3+2.4-4.9+1.9

-2.9-5.2+2.3-4.9+2.0

-8.5-3.7-4.9-5.1-3.4

15d

+6.1+3.6+2.5+0.6+5.4

-2.1+0.1-2.2-2.5+0.4

-15.4-8.9-6.5-12.4-3.0

-10.3+3.2-13.5-5.7-4.5

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 received NCLT Kolkata order to convene meetings of equity shareholders and unsecured creditors for its composite scheme of arrangement. The scheme proposes to demerge the consumer products business into HHIL Limited and remaining business into Hindware Limited. Appointed date: 1 April 2025. Share exchange ratio determined by Ernst and Young. Equity shareholders meeting rescheduled to 7 March 2026 per corrigendum.

Likely market impact

Key milestone in the demerger process. Shareholders and creditors will vote on splitting the company into two entities on or around 7 March 2026.