Company Update

Hindusthan Urban Infrastructure Limited has announced a board meeting approving the proposed sale of its material subsidiary, Hindusthan Speciality Chemicals Limited (HSCL), to DCM Shriram Limited for INR 219.38 Cr, subject to shareholder approval via postal ballot.

This move is part of a strategic review to realign investments and maximize stakeholder value.

HSCL contributed over 50% of revenue but reported a net loss and a negative net worth as of FY24-25. Completion of the sale is expected by August 2025, after all necessary approvals.

The buyer is not part of the promoter group, and the deal is at arm’s length.