Hardwyn India Ltd

Compliance and governance update

• Non-compliance under Regulation 17(1) for the quarter ended June 30, 2026; fine of ₹3.25 lakh plus GST.
• Inadvertent board composition mismatch after resignation of Ms. Tanya Sayal on June 5, 2026.
• Yogesh Garg appointed Independent Director for a five-year term from June 5, 2026.
• Eakam Sayal appointed Additional Director from August 29, 2026; board composition restored.
• Current compliance achieved with Regulation 17(1) following corrective actions.
• Paid March 31, 2026 fine for non-compliance, including GST/charges.
• Board to seek waiver of the June 30, 2026 fine, citing inadvertent lapse and corrections.
• Management to strengthen internal controls and periodic monitoring of board composition.
• Board regrets inadvertent non-compliance and reaffirms commitment to robust governance.

AGM extension details

• ROC granted Hardwyn India a 3-month extension to hold the AGM for FY ended 31 March 2026.
• Original AGM due date was 30 September 2026 under the Companies Act 2013.
• Reason for extension: resignation of the Secretarial Auditor.
• Board will decide the AGM date; it will be intimated later.
• ROC order dated 15 September 2026; extension granted for three months.

Appointment of Additional Director

• Appointed Mr. Eakam Sayal as Additional Director (Non-executive, Non-Independent) effective Aug 29, 2026.
• Appointment is subject to approval of company members at the ensuing AGM.
• Term: to hold office until the date of the ensuing AGM.
• Brief profile: pursuing undergraduate degree in Business and Finance at UC San Diego.
• Relationship: son of Rubaljeet Singh Sayal, MD & CFO of the company.

Financial results approved

• Standalone Q1 2026: revenue from operations ₹3,007.82 lakhs; total income ₹3,010.88 lakhs.
• Standalone Q1 2026: net profit after tax ₹272.48 lakhs; basic EPS ₹0.06.
• Consolidated Q1 2026: revenue from operations ₹3,460.20 lakhs; total income ₹3,463.26 lakhs.
• Consolidated Q1 2026: net profit after tax ₹280.03 lakhs; basic EPS ₹0.06.
• Board approved unaudited results; Audit Committee reviewed the figures.

Segment disclosures

• Two reportable segments: Architectural hardware and Kitchen fittings; Aluminium and Allied Products.
• First-time segment reporting under Ind AS 108 from quarter ended 31 December 2025.
• Standalone segment revenue: Arch hardware ₹2,343.66L; Aluminium ₹664.16L.
• Consolidated segment revenue: Arch hardware ₹2,796.04L; Aluminium ₹664.16L.
• Standalone segment pre-finance profit: Arch hardware ₹367.38L; Aluminium ₹13.53L; total ₹380.91L.
• Consolidated segment pre-finance profit: Arch hardware ₹387.80L; Aluminium ₹13.53L; total ₹401.33L.
• Consolidated finance cost ₹30.97L; resulting PBT ₹370.36L.

Governance and consolidation notes

• Auditors' limited review: M/s S.S Periwal & Co.; results approved by Board.
• Subsidiaries in consolidation: Fiba Hardwyn Locks Pvt Ltd (33% held) and Slimx Interior Solutions Pvt Ltd (85% held).
• Board meeting held on 14 August 2026; results reviewed by Audit Committee.

Financial results approved

• Board approved unaudited standalone results for quarter ended 30 June 2026.
• Board approved unaudited consolidated results for quarter ended 30 June 2026.
• Limited review report by M/s S.S Periwal & Co. included.
• Results prepared per Ind AS 34; SEBI LODR compliance underway.

Standalone highlights

• Revenue from operations: 3,007.82 lakh.
• Total income: 3,010.88 lakh.
• Net profit after tax: 272.48 lakh.
• Earnings per share—basic 0.06; diluted 0.06.

Consolidated highlights

• Revenue from operations: 3,460.20 lakh.
• Total income: 3,463.26 lakh.
• Net profit after tax: 280.03 lakh.
• Earnings per share—basic 0.06; diluted 0.06.

Standalone segment details

• Architectural hardware and Kitchen fittings revenue: 2,343.66 lakh.
• Aluminium and Allied Products revenue: 664.16 lakh.
• Standalone segment profit before tax: 360.14 lakh.
• Standalone total segment assets: 45,809.37 lakh.
• Standalone total segment liabilities: 4,955.67 lakh.

Consolidated segment details

• Consolidated segment revenue – Architectural hardware: 2,796.04 lakh.
• Consolidated segment revenue – Aluminium: 664.16 lakh.
• Consolidated segment assets: 47,420.54 lakh.
• Consolidated segment liabilities: 5,949.46 lakh.
• Subsidiaries in consolidation: Fiba Hardwyn Locks (33%), Slimx Interior Solutions (85%).

Meeting Details

• Board meeting scheduled for August 14, 2026; time and venue not disclosed.

Key Agenda Items

• To consider and approve the unaudited financial results for the quarter ended June 30, 2026.
• Any other matter(s) as decided by the Board.

Other Notes

• Trading window for insiders closed from July 01, 2026 to 48 hours after the results declaration.