Hindustan Appliances Ltd

Event Overview

• Creation of encumbrance (pledge) over promoter shares.

Key Details

• Target company: Hindustan Appliances Limited (Scrip code 531918).
• Encumbrance type: pledge over promoter shares.
• Encumbered shares: 6,582,000 shares (65.65% of paid-up capital).
• Promoter: Mr. Mehul Jadavji Shah.
• Favouring entity: CTT Trusteeship as Debenture Trustee for debenture holders.
• Reason: security for debenture obligations.
• Date of creation: 08 Oct 2026.
• Post-encumbrance promoter holding: 65.65% of total share capital.
• Prior promoter encumbrance: 0% of total share capital.

Additional Notes

• No change in promoter control disclosed.

Pledge details

• Target: Hindustan Appliances Limited.
• Acquirer & PAC: CTL Trusteeship Limited as debenture trustee and security trustee.
• Promoter group: No; acquirer not promoter.
• Exchange listings: BSE Limited.
• Mode: pledge of Hindustan Appliances shares in favour of CTL Trusteeship Limited.
• Date of pledge: 08-10-2026.
• Encumbrance: 65,82,000 shares; 65.65%.
• Equity capital before: Rs 10,02,60,000.
• Equity capital after: Rs 10,02,60,000.
• Total diluted share capital after: Rs 10,02,60,000.
• Salient features: pledge agreements; CTL as security trustee for investors.
• Post-acquisition encumbrance: 65.65% on 65,82,000 shares.

Hindustan Appliances Limited: Trading Window Closed from 1 October 2026 till 48 hours after the declaration of the unaudited financial results for the quarter ended 30 September 2026.

Result highlights

• Board approves standalone and consolidated unaudited results for quarter ended 30 June 2026.
• Independent auditor's review notes no audit opinion.
• Two subsidiaries, Kshanika Trading Limited and Jogindra Exports Limited, report nil revenues and nil PAT for the quarter.
• Board meeting held and results approved on 13 August 2026.

Meeting Details

Key Agenda Items

Other Notes

AGM Details

• Date and time: 30 July 2026 at 3:00 PM; venue: physical meeting in Mumbai.
• Voting cut-off date: 23 July 2026; total shareholders on record: 2,743.

Resolutions

• Resolution 1: Adopt standalone financials and reports (Ordinary) — passed.
• Resolution 2: Re-appoint Kalpesh Rameshchandra Shah by rotation (Ordinary) — passed.
• Resolution 3: Appoint Julie Mehul Shah as Director (Ordinary) — passed.

Voting outcomes

• All resolutions passed with near-unanimous support; no votes against; minor invalid ballots.

Director changes

• Kalpesh Rameshchandra Shah re-appointed by rotation.
• Julie Mehul Shah appointed as Director.

Auditors

• Auditors' report adopted; no appointment changes disclosed.

Shareholder attendance

• Total shareholders on record: 2,743; promoters 2; public 42.

AGM Details

• Date/time/mode: 30 July 2026, 3:00 PM, physical AGM at registered office.
• Voting cut-off date: 23 July 2026.
• Remote e-voting window: 27–29 July 2026; ballot voting at the venue.
• Quorum: 44 members attended.

Key Resolutions

• Adopt standalone and consolidated financial statements for year ended 31 March 2026.
• Re-appoint Kalpesh Rameshchandra Shah, retiring by rotation.
• Appoint Julie Mehul Shah as director.

Voting Status

• Outcome of resolutions not disclosed; results to be announced after scrutiny report.

Director Changes

• Kalpesh Shah re-appointed as director.
• Julie Mehul Shah appointed as director.

Auditors

• No changes in statutory or secretarial auditors disclosed.

Dematerialisation/Rematerialisation status

• Dematerialisation requests during the reporting quarter were processed and confirmed to the depositories.
• Securities dematerialised have been listed on the stock exchanges where the earlier issued securities are listed.
• Physical certificates were mutilated and cancelled after verification; depository named as registered owner within timelines.

AGM & Annual Report

• 42nd AGM scheduled for 30 July 2026 at 3:00 PM at the registered office.
• Notice and Annual Report for FY2025-26 circulated electronically; remote e-voting 27–29 July 2026.

Financial Highlights

• Standalone net loss Rs 5.27 lakh; consolidated net loss Rs 5.92 lakh for year ended 31 Mar 2026.
• Dividend not recommended due to losses; no amount transferred to reserves.

Governance & Board

• Kalpesh Rameshchandra Shah to be re-appointed as Director, retires by rotation.
• Julie Mehul Shah appointed as Director (Additional 7 Aug 2025); proposed appointment noted.
• Independent Directors: Hitesh Sangoi, Girish Boradia, Ganesh Shiraskar.

Shareholders & Ownership

• Two subsidiaries: Jogindra Exports Limited and Kshanika Trading Limited, both 100% owned.
• As of 31 Mar 2026, 71.72% of shares dematerialized.
• Promoter group holds ~70.82%; Mehul Shah alone ~65.66%; Anchor Enterprises ~4.87%.