The Board of Directors has decided to convene the 9th Annual General Meeting of the Company on Tuesday, 18th August, 2026 through Video Conferencing and Other Audio Visual Means.
HINDWAREAP · price
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Hindware Home Innovation Limited reported consolidated FY2026 results with revenue from operations of ₹2,510.28 crore, marginally down from ₹2,522.99 crore in FY2025, reflecting a near-flat performance. However, EBITDA improved significantly to ₹232.52 crore from ₹183.55 crore (up ~27%), driven by cost efficiencies and lower finance costs (₹70.40 crore vs ₹89.14 crore). The consolidated net loss narrowed to ₹39.31 crore from ₹68.77 crore in the prior year. Exceptional items of ₹52.58 crore were recorded, primarily comprising a ₹39.20 crore impairment on the joint venture Hintastica (due to sustained underperformance) and ₹13.38 crore from discontinued product categories and labour code provisions. The standalone entity posted a net loss of ₹70.72 crore. No dividend was declared for FY2026. The Board announced a ₹249.70 crore rights issue completed during the year and a scheme of arrangement pending NCLT approval. New director Shashvat Somany and internal auditor Protiviti were appointed. The 9th AGM is scheduled for 18 August 2026 via video conferencing.
While the company has sharply reduced its consolidated net loss and expanded EBITDA margins, large exceptional write-downs (notably on JV assets) and a negative standalone result indicate ongoing stress. The subsidiary EVOK Homes faces a going-concern risk flagged by auditors, adding a layer of uncertainty for investors.