Hardwyn India revises preferential issue price to ₹13.84

Hardwyn India Limited announced a revision to the minimum issue price for its proposed preferential issue, now set at ₹13.84 per equity share. This update, effective November 25, 2025, supersedes the previously stated price of ₹13.79 per equity share and follows a clarification with the stock exchange and an analysis of updated trading data.

The revised price adheres to Regulation 164 of the SEBI (Issue of Capital and Disclosure Requirements) Regulations, 2018. The calculation is based on the higher of two metrics: ₹13.84 per equity share, representing the average volume-weighted average price (VWAP) on the National Stock Exchange (NSE) over the preceding 90 trading days; and ₹13.32 per equity share, which is the average VWAP on the NSE over the preceding 10 trading days prior to the relevant date.

The company, managed by Rubaljeet Singh Sayal, has requested this information be taken on record by both the National Stock Exchange of India Ltd. and BSE Limited. Hardwyn India Limited operates from New Delhi.