Hindustan Tin Works Ltd

Parties and promoter status

• Target Company: Hindustan Tin Works Limited.
• Disclosing Party: Mr. Sanjay Bhatia in concert with promoter group.
• Promoter group: Acquirers belong to promoter/promoter group.

Transaction basics

• Transaction Type: Acquisition of voting rights.
• Instrument: Equity shares.
• Mode: Open Market.
• Dates: 24.03.2022 to 27.09.2026.
• Pre-transaction holding: 4,200,872 shares (40.39%).

Post-transaction holdings overview

• Total voting rights sold/acquired: 129,352 shares (1.24%).
• Post-transaction total: 4,330,224 shares (41.64%).
• Sanjay Bhatia post-holdings: 9,65,060 shares (9.28%).
• Saket Bhatia post-holdings: 6,84,009 shares (6.58%).
• Manju Bhatia post-holdings: 3,39,939 shares (3.27%).
• Neha Bhatia post-holdings: 15,000 shares (0.14%).
• Ashok Kumar Bhatia post-holdings: 6,05,450 shares (5.82%).
• Ekta Bhatia post-holdings: 1,14,082 shares (1.10%).
• Paayal Bhatia post-holdings: 1,89,198 shares (1.82%).
• Paras Bhatia post-holdings: 5,56,788 shares (5.35%).
• Parikshit Bhatia post-holdings: 3,47,197 shares (3.34%).
• Sareeta Bhatia post-holdings: 3,03,518 shares (2.92%).
• Sanjay Bhatia & Sons (HUF): 59,200 shares (0.57%).
• Samakshi Bhatia post-holdings: 74,266 shares (0.71%).
• Samarveer Bhatia post-holdings: 76,517 shares (0.74%).
• Late Atit Bhatia: 0 shares post-transaction.

Capital and timing context

• Equity capital before: INR 10,39,96,830; 1,03,99,683 shares.
• Equity capital after: same 1,03,99,683 shares.
• Total diluted capital after: 1,03,99,683 shares.

Notable ancillary items

• Court-ordered transmission of 225,050 shares to heirs.
• Delisting from Calcutta Stock Exchange pending.

AGM Details

• AGM held on 29 September 2026 at 11:00 AM via VC/OAVM.
• Deemed venue: the company's registered office.
• Shareholder eligibility cut-off date: 22 September 2026.
• Total votes cast: 4,715,245 representing 45.34% of paid-up capital.

Resolutions and outcomes

• Ordinary Resolution 1: Adopt Audited financial statements; Passed with 99.998% in favour.
• Ordinary Resolution 2: Declare dividend on equity shares; Passed with 99.995% in favour.
• Ordinary Resolution 3: Re-appoint director retiring by rotation; Passed with 99.998% in favour.
• Special Resolution 4: Continue Vipin Aggarwal as Non-Executive Independent Director beyond age 75; Passed with 99.995% in favour.
• Ordinary Resolution 5: Ratify remuneration of Cost Auditors for FY 2027; Passed with 99.998% in favour.

AGM Details

• 68th AGM held on 29 September 2026 at 11:00 AM via VC/OAVM.
• Deemed venue: registered office; e-voting 26-28 Sep 2026; 30 minutes during meeting.
• Meeting duration: 11:06 AM to 11:43 AM.
• Remote e-voting opened 26 Sep 2026, closed 28 Sep 2026.

Resolutions & outcomes

• Adoption of audited financial statements and reports; passed.
• Dividend of Rs 0.75 per share declared.
• Re-appointment of Mr. P. P. Singh, retiring by rotation; passed.
• Continuation of Vipin Aggarwal as Non-Executive Independent director post-75; passed.
• Remuneration of Cost Auditors for FY ending 31 March 2027 approved.

Dividend

• Dividend declared: Rs 0.75 per equity share.

Directors

• Mr. P.P. Singh re-appointed as Director, eligible to retire by rotation.
• Vipin Aggarwal continued as Non-Executive Independent Director after age 75.

Auditors

• Cost Auditors remuneration for FY ending 31 March 2027 approved.

Hindustan Tin Works Limited: Trading window closed from October 1, 2026 and will end 48 hours of the declaration of the Unaudited Financial Results of the Company for the Second Quarter ended 30th September, 2026.

SEBI window for pre-2019 physical shares

• SEBI circular enables transfer and dematerialisation of pre-2019 physical securities.
• Window open from February 5, 2026 to February 4, 2027.
• Transferred shares credited only in demat form with a one-year lock-in.
• Investors may re-lodge transfer deeds with the company's RTA.
• RTA: Beetal Financial & Computer Services Pvt. Ltd., New Delhi.
• Submission details and documents to re-lodge transfer deeds to RTA.
• Circular linked on SEBI site and company website.

Financial snapshot

• Revenue from operations Rs 42,047.57 Lakhs; up 3.49% YoY.
• Profit after tax Rs 831.40 Lakhs; down from Rs 1,227.66 in 2024-25.
• Total comprehensive income Rs 885.77 Lakhs for the year.
• Profit before tax Rs 1,149.33 Lakhs.
• New unit at Panchi Gujran; commercial ops since 27-Jun-2025.
• Dividend proposed: Rs 0.75 per equity share (7.50%).
• Domestic revenue Rs 33,516.28 Lakhs; export Rs 8,531.29 Lakhs.

Operations and segments

• Manufacturing revenue Rs 41,961.09 Lakhs; Trading Rs 86.48; total Rs 42,047.57.
• Operating revenue including unallocated Rs 42,509.34 Lakhs.
• Segment profit: Manufacturing Rs 1,806.77; Trading (136.74).
• Domestic revenue Rs 33,516.28 Lakhs; Export Rs 8,531.29 Lakhs.
• Closing inventories Rs 6,928.76 Lakhs; Trade receivables Rs 10,460.59 Lakhs.
• CWIP end-year Rs 44.43 Lakhs; Additions Rs 2,169.15 Lakhs.

Balance sheet and liquidity

• Total assets Rs 35,383.13 Lakhs; Equity Rs 22,332.01 Lakhs.
• Total liabilities Rs 13,051.12 Lakhs.
• Borrowings: non-current Rs 3,406.68 Lakhs; current Rs 3,709.04 Lakhs.
• Current ratio 2.09x; Cash and cash equivalents Rs 102.55 Lakhs.

Capital deployment and assets

• Right-of-use assets net Rs 29.04 Lakhs; additions Rs 38.02.
• Freehold land Rs 1,819.33 Lakhs; Plant & Machinery Rs 13,059.85 Lakhs.
• CWIP at year-end Rs 44.43 Lakhs; total capex reflected in notes.

Dividend & AGM

• 68th AGM on 29-Sep-2026 via VC/OAVM.
• Book closure 23-29 Sep 2026; cut-off 22 Sep 2026.
• Dividend payable if approved; payout on 1 Oct 2026.

Governance & audit

• Auditors: Mukesh Raj & Co; Secretarial: AVA Associates.
• Board: six directors; three executives, three independent; two EDs are brothers.
• Four board meetings; Independent Directors met 12 Nov 2025.
• No material audit qualifications; internal controls deemed adequate.

CSR and risk

• CSR expenditure Rs 50.38 Lakhs; required Rs 50.29 Lakhs; unspent Nil.
• CSR policy disclosed on company site; aligned with Schedule VII.
• Risk management framework in place; FX risk monitored; internal controls reviewed.

AGM Details

• 68th AGM on 29 September 2026 at 11:00 AM via VC/OAVM.
• Register of members and share transfer books closed 23–29 September 2026.

Key Resolutions

• Adopt Audited Financial Statement and reports (Ordinary).
• Declare dividend on equity shares for year ended 31 March 2026 (Ordinary).
• Reappoint Mr. Prit Pal Singh by rotation (Ordinary).
• Continue Vipin Aggarwal as Non-Executive Independent Director after 75 (Special).
• Ratify remuneration of Cost Auditors for 2026-27 (Ordinary).

Dividend

• Dividend proposed; amount per share not disclosed.

Director changes

• Mr. Prit Pal Singh retires by rotation; seeks reappointment.
• Vipin Aggarwal to continue as Independent Director after attaining 75.

Auditor updates

• Cost auditors remuneration for FY2026-27 ratified; firm: K.S. Bhatnagar & Associates; Rs 2.5 lakh.

Record date for dividend

• AGM scheduled for 29 September 2026.
• Record date fixed as 22 September 2026 for dividend declaration.