Hindustan Composites Limited
Incorporated in 1964, Hindustan Composites Ltd is in the business of manufacturing and marketing of fibre based friction material, and treasury business
What Hindustan files
- Others52
- Board Meeting16
- Important12
- Results7
- Updates5
- Dividend/Bonus5
Hindustan Composites announced its 62nd Annual General Meeting (AGM). A 40% dividend, or Rs 2 per share, was declared for eligible shareholders. The Annual Report is available online.
Members approved the sale of the Friction Business, which generated 315.04 Cr in turnover (84% of total) and 69.52 Cr in net worth. The cash consideration is 370 Cr. This divestment aims to unlock value, streamline operations, strengthen the balance sheet, and fund future strategy, with a special dividend expected.
Board approved Q1 financial results, with total PAT at ₹8.68 Cr. The sale of its Friction Business for ₹370 Cr was approved, pending shareholder nod. New Secretarial Auditors were proposed for a 5-year term. FY26 dividend payout is planned, subject to shareholder approval.
Hindustan Composites has announced its 61st Annual General Meeting will be held virtually. The company declared a 40% dividend, or Rs. 2 per equity share. Shareholders can access the Annual Report online and participate in e-voting.
Hindustan Composites has announced a board meeting to discuss the financial results for the quarter and half-year. They have received a final settlement of approximately ₹3.75 crore from their insurance claim related to the fire incident at their Bhandara Plant, which resulted in damages of about ₹6.40 crore. The company...