Hindware gets NSE nod for composite scheme

Hindware Home Innovation Limited (HHIL) announced on August 30, 2025, that it received a "no-objection" letter from the National Stock Exchange of India Limited (NSE) regarding its composite scheme of arrangement. This regulatory approval facilitates HHIL's ability to file the draft scheme with the National Company Law Tribunal (NCLT), Kolkata.

The scheme involves Hindware Home Innovation Limited as the demerged company/remaining transferor company, HHIL Limited as the resulting company, and Hindware Limited as the transferee company, along with their respective shareholders and creditors, under Sections 230 to 232 of the Companies Act, 2013. This follows the board's approval on March 27, 2025, contingent on regulatory clearances. The company also confirmed receipt of a "no adverse observations/no-objection" letter from BSE on August 29, 2025.

The validity of NSE's "Observation Letter" is six months from August 29, 2025, during which the scheme must be submitted to the NCLT. The effectiveness of the scheme remains subject to the final approval of the NCLT, Kolkata, and other necessary regulatory consents.