Al Mehwar Commercial Investments Raises Stake in Hindware Home Innovation to 5.42% via Open Market Purchase

Hindware Home Innovation Limited has been the subject of a substantial acquisition disclosure filed under Regulation 29(1) of the SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011. Al Mehwar Commercial Investments L.L.C., a non-promoter acquirer, purchased equity shares of the company through open market transactions between April 10, 2026 and April 23, 2026. The disclosure was submitted to BSE Limited and the National Stock Exchange of India Limited on May 6, 2026, by Abakkus Asset Manager Private Limited (formerly known as Abakkus Asset Manager LLP), acting as the investment manager of the acquirer.

Acquisition Details

The following table summarises the key parameters of the acquisition as disclosed under Part-A of the regulatory filing:

Parameter: Details Target Company: Hindware Home Innovation Limited Acquirer: Al Mehwar Commercial Investments L.L.C Acquirer Category: Non-Promoter Mode of Acquisition: Open Market Type of Securities Acquired: Equity Shares Date of Acquisition: April 10, 2026 to April 23, 2026 Equity Share Capital (Before & After): INR 16,72,92,714 divided into 8,36,46,357 shares of INR 2 face value each

Shareholding Movement

The acquisition resulted in a notable increase in the acquirer's stake in Hindware Home Innovation Limited. The table below presents the pre- and post-acquisition shareholding position of Al Mehwar Commercial Investments L.L.C.:

Metric: Before Acquisition After Acquisition Shares Carrying Voting Rights: 41,40,829 45,30,837 % of Total Share/Voting Capital: 4.95% 5.42% % of Total Diluted Share/Voting Capital: 4.95% 5.42% Shares Acquired: — 3,90,008 % Acquired (of Total Capital): — 0.47%

No shares in the nature of encumbrance, voting rights otherwise than by equity shares, or warrants/convertible securities were held or acquired by the acquirer either before or after the transaction.

Regulatory Compliance and Filing

The disclosure was made in compliance with Regulation 29(1) of the SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011. Abakkus Asset Manager Private Limited, registered with SEBI as a Portfolio Manager bearing registration number INP000006457, submitted the filing on behalf of Al Mehwar Commercial Investments L.L.C. The document was digitally signed by Biharilal Laxman Deora, Authorized Signatory, on May 6, 2026, from Mumbai. The equity share capital and total voting capital of Hindware Home Innovation Limited remained unchanged at INR 16,72,92,714, divided into 8,36,46,357 shares of INR 2 face value each, both before and after the acquisition.

Hindware Home Innovation Limited has successfully concluded its postal ballot process with shareholders overwhelmingly approving the appointment of Mr. Ram Babu Kabra as Non-Executive Non-Independent Director. The company declared the results on April 27, 2026, following the completion of the electronic voting process.

Postal Ballot Results Overview

The special resolution for Mr. Ram Babu Kabra's appointment (DIN: 00021886) received strong shareholder support across all categories. The voting was conducted entirely through electronic mode, with the cut-off date set as March 20, 2026.

Parameter Details Total Outstanding Shares 83,646,357 Total Votes Polled 51,283,677 Polling Percentage 61.31% Votes in Favour 51,280,569 Votes Against 3,108 Approval Percentage 99.99%

Category-wise Voting Analysis

The voting results demonstrated unanimous support from promoters and institutional investors, with minimal opposition from public non-institutional shareholders.

Category Shares Held Votes Polled Polling % Votes in Favour Votes Against Approval % Promoters & Promoter Group 44,117,738 44,117,738 100.00% 44,117,738 - 100.00% Public-Institutions 7,469,035 4,108,762 55.01% 4,108,762 - 100.00% Public-Non Institutions 32,059,584 3,057,177 9.54% 3,054,069 3,108 99.90%

Postal Ballot Process Details

The company conducted the postal ballot process in compliance with the Companies Act, 2013, and SEBI regulations. Mr. Pravin Kumar Drolia, Practicing Company Secretary from Kolkata, served as the appointed Scrutinizer for the voting process.

Key Process Highlights:

Total Shareholders on Record: 38,988 as of March 20, 2026

Voting Period: March 27, 2026 (9:00 AM) to April 25, 2026 (5:00 PM)

E-voting Platform: Central Depository Services (India) Limited (CDSL)

Notice Dispatch: Completed by March 26, 2026 through electronic mode

Public Notice: Published in Financial Express and Ekdin on March 27, 2026

Regulatory Compliance

The postal ballot was conducted pursuant to Sections 108 and 110 of the Companies Act, 2013, read with Rules 20 and 22 of the Companies (Management and Administration) Rules, 2014. The process also complied with Regulation 44 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Ms. Payal M Puri, Company Secretary and Senior Vice President Group General Counsel, was responsible for conducting the entire postal ballot process. The scrutinizer's report and detailed voting results have been uploaded on the company's website at https://www.hindwarehomes.com/ as per regulatory requirements.

Board Appointment Formalization

With the successful approval of the special resolution, Mr. Ram Babu Kabra will formally join the Board of Directors as Non-Executive Non-Independent Director. The appointment follows all necessary regulatory compliances and shareholder approval processes as mandated under corporate governance norms.

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