Hindware Home Innovation Limited
Somany Home Innovations Ltd. (SHIL) is a newly created Corporate Entity which was demerged from HSIL Limited, vastly recognised by its Brand Hindware, a leading name in the Indian market. SHIL is focused on servicing end-consumers in the market and is involved in branding, marketing, sales, distribution, trading, service etc. of Consumer Appliances under the Brand name ‚ÄòHindware‚Äô, ‚ÄòMoonbow‚Äô and Furniture…
What Hindware files
- Others72
- Investor Meet33
- Updates19
- Board Meeting17
- Important11
- PPTs7
Hindware will invest 15 Cr in Hintastica via rights issue and acquire Atlantic's remaining stake for ~2.79 Cr. Hintastica becomes a wholly-owned subsidiary, giving Hindware full control of its water heater business, backed by a 25 Cr corporate guarantee.
Hindware's subsidiary, Hindware Limited, has commenced commercial production at its new Greenfield pipes and fitting plant in Roorkee, Uttarakhand. This operational boost expands the company's manufacturing capabilities for pipes and fittings.
Hindware's 50:50 JV, Hintastica Private Limited, completed the sale of its manufacturing assets to Ariston. The transaction is finalized, with the sale consideration revised to INR 115 Cr from INR 116 Cr.
Hindware Home Innovation's Board approved Q2 & half-year financial results. The company reported strong Q2 revenue of 676.31 Cr and a profit of 8.29 Cr, a significant turnaround. Strategic discontinuation of high-loss product categories is underway. Its Consumer Products Business demerger scheme awaits NCLT approval.
HindwareAP independently received a 'Below average' ESG rating of 'Crisil ESG 43'. The company noted it did not commission this assessment; the rating was based solely on public data.