Header Information

  • BSE Scrip Code: 541276
  • NSE Symbol: HARDWYN
  • Document Title: Outcome of Board Meeting
  • Meeting Date: June 05, 2026

Bonus Issue Summary

  • Bonus Ratio: 2:5 (Two bonus shares for every five existing shares)
  • Record Date for Bonus Eligibility: To be announced in due course
  • Source of Bonus: Free Reserves/Retained Earnings
  • Pre-bonus Paid-up Share Capital: ₹48,84,34,054 consisting of 48,84,34,054 equity shares of ₹1 each
  • Post-bonus Paid-up Share Capital: ₹68,38,07,676 consisting of 68,38,07,676 equity shares of ₹1 each
  • Change in Number of Shares: Increase from 48,84,34,054 shares to 68,38,07,676 shares (19,53,73,622 new shares)
  • Estimated Allotment/Credit Date: On or before August 04, 2026 (within 2 months from board approval)
  • Shareholder Approval Required: Yes, through Extraordinary General Meeting
  • Increase in Authorised Share Capital Required: Yes, from ₹50 crore to ₹70 crore

Free Reserves/Retained Earnings stood at ₹1965.36 lakhs as per standalone audited financials for the year ended March 31, 2026. The bonus issue requires capitalization of up to ₹19,53,73,622 from free reserves.

Other Board Decisions

Director Appointments/Resignations

  • Appointment of Mr. Yogesh Garg (DIN: 02144584) as Additional Independent Director for five years effective June 05, 2026. Mr. Garg is a finance and corporate governance professional with over 30 years of experience, Fellow Member of ICAI and ICSI, and currently serves as Independent Director on PMC Fincorp Limited.
  • Resignation of Ms. Tanya Sayal (DIN: 02821564) as Non-Executive Director effective June 05, 2026, due to personal reasons and inability to devote sufficient time. She ceased membership from Nomination and Remuneration Committee, Stakeholders Relationship Committee, and Corporate Social Responsibility Committee.

Key Managerial Personnel Changes

  • Appointment of Ms. Diksha Rani (ICSI Membership Number: ACS 73777) as Company Secretary & Compliance Officer effective June 05, 2026.
  • Resignation of Ms. Pooja Sarkar (M. No: A64177) as Company Secretary & Compliance Officer effective June 05, 2026, due to personal reasons.

Extraordinary General Meeting

  • EGM scheduled for Friday, July 03, 2026, at 02:00 PM (IST) through Video Conferencing/Other Audio-Visual Means
  • Cut-off date for remote e-voting: Friday, June 26, 2026
  • Agenda items: Approval for bonus issue and increase in authorized share capital