PFA herewith the intimation regarding appointment of Mr. Shashvat Somany as Additional Director of the Company in the category of Non-Executive Non-Independent Director w.e.f. 1st July, ....
HINDWAREAP · price
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Hindware Home Innovation's Board meeting on 19th May 2026 approved the audited Q4 and FY2026 financial results. For the year ended 31st March 2026, consolidated revenue from operations was Rs 2,510.28 crore (vs Rs 2,522.99 crore in FY2025), with the company reporting a net loss of Rs 3.75 crore compared to a loss of Rs 50.88 crore in the previous year. The Board also appointed Mr. Shashvat Somany (DIN: 10058462) as Additional Director in the Non-Executive Non-Independent category effective 1st July 2026, subject to shareholder approval. Additionally, M/s Protiviti India Member Private Limited was appointed as Internal Auditors for FY2026-27. The Board did not recommend any dividend for FY2026. Exceptional items included a Rs 39.20 crore impairment loss related to the Hintastica joint venture.
The appointment of Shashvat Somany suggests a potential promoter family succession or board strengthening move. The company continues to be loss-making on a consolidated basis despite improvement from FY2025, with no dividend return to shareholders.