Voting results along with Scrutinizer's report for the NCLT convened meeting of Equity shareholders of Hindware Home Innovation Limited

NCLT approved the resolutionRegulatory & Legal View source PDF Explain this filing

HINDWAREAP · price

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

+3.9%Reaction day

₹198.35

prior close

₹197.94

announcement price

After-mkt

timing

Nifty Microcap 250market · in no size index; the smallest one is used+1.1%+2.9% vs market

Consumer Durables peers, median of 194sector · industry level+1.5%+2.4% vs sector

On the reaction day the stock moved 2.9 pts more than Nifty Microcap 250 and 2.4 pts more 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

-1.3

10m

-1.4

15m

-2.0

30m

-1.3

Sessions after the filingfrom the prior close

StockMarketvs marketSectorvs sector

Reaction day

+3.9+1.1+2.9+1.5+2.4

Next day

-0.5+1.4-1.9+2.1-2.6

+5.0+5.6-0.6+6.3-1.3

+2.3+5.6-3.2+6.3-4.0

+6.2+7.8-1.6+8.6-2.4

+4.9+7.8-2.8+8.2-3.3

+7.4+11.8-4.4+12.2-4.8

15d

+9.2+15.8-6.6+13.4-4.2

+11.4+18.9-7.5+13.5-2.0

+8.3+17.7-9.4+7.0+1.3

+25.6+27.5-1.9+11.4+14.2

UpDownMarket · Nifty Microcap 250Sector · Consumer Durables peers, median of 194Pending

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

AI summary

Hindware Home Innovation Limited held three NCLT-convened meetings on March 7, 2026 in Kolkata to approve a Composite Scheme of Arrangement. The scheme involves demerger of Hindware Home Innovation into HHIL Limited (Resulting Company) and Hindware Limited (Transferee Company). All three meetings passed with 100% votes in favor: 50 unsecured creditors of Hindware Limited (Rs 328.4 crore), 41 unsecured creditors of Hindware Home Innovation (Rs 42.5 crore), and equity shareholders representing 83.6 million shares (57% turnout). The meetings were conducted as per NCLT Kolkata Bench orders dated December 2025 and January 2026. The scrutinizer confirmed all resolutions passed with requisite majority.

Likely market impact

Shareholders approved the demerger structure. The scheme now awaits NCLT sanction before implementation. This is a routine corporate restructuring that does not indicate financial distress.