Submission of Scrutinizer''s Report
Awaiting price reaction for this filing.
Hindusthan Urban Infrastructure Limited has submitted the Scrutinizer's Report for a Postal Ballot conducted between June 20 and July 19, 2025. Shareholders approved a Special Resolution to sell shares of Hindusthan Speciality Chemicals Limited, the company's material subsidiary. The resolution received overwhelming support with 1,077,387 votes (nearly 100%) cast in favour against just 221 votes against it. A total of 1,894 shareholders were on record as of the June 13, 2025 cut-off date. The scrutinizer, CS Neeraj Sharma of Neeraj & Associates, confirmed the resolution was passed with the requisite majority.
The shareholder approval clears the way for the company to divest its stake in a material subsidiary, which could unlock capital, sharpen the company's focus on its core urban infrastructure business, and may lead to a one-time gain or restructuring impact in upcoming quarters.