Section A – KMP Resignation Details

  • Name of Resigning KMP: Mr. Naveen Malik and Ms. Payal M Puri
  • Designation: Mr. Naveen Malik was Chief Executive Officer & Chief Financial Officer. Ms. Payal M Puri was Company Secretary & Compliance Officer.
  • Reason for Resignation: Resignation is consequent to an internal organizational restructuring and inter-group transfer of employment. Both individuals are being transferred to the company's subsidiary, Hindware Limited.
  • Effective Date of Resignation: Close of business hours on November 3, 2026.
  • Date of Resignation Letter: November 3, 2026.
  • Duration in Role: Not Specified.
  • Board’s Acknowledgment / Statement: The letter from Chairman Sandip Somany acknowledges the resignations and provides the context of the internal reorganisation.
  • Replacement Appointed: Not Specified.
  • Regulatory Compliance Statement: The disclosure is made pursuant to Regulation 30 read with Part A of Schedule III of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 and SEBI Master Circular No. HO/49/14/14(7)2025-CFD-POD2/I/3762/2026 dated 30th January, 2026.
  • Delay in Disclosure: Not Specified. The resignation was effective on November 3 and disclosed on November 4.

Analytical Add-On: The resignations are part of a planned internal reorganisation and inter-group reallocation of manpower, specifically the transfer of employees to subsidiary Hindware Limited. It is strategic and not abrupt, as both individuals will continue in their same functional roles (CFO and Company Secretary) at the subsidiary. This suggests operational continuity for the group is maintained, with the primary change being the legal employer entity for these KMPs.

Section B – Additional Observations or Disclosures

  • Transition & Internal Role Reallocations: The resigning KMPs, Mr. Naveen Malik and Ms. Payal M Puri, will be transferred to Hindware Limited, a subsidiary of Hindware Home Innovation Limited. Mr. Malik will continue as the Chief Financial Officer of Hindware Limited, a role he was already overseeing. Ms. Puri will continue as the Company Secretary of Hindware Limited, a role she was already overseeing. The transition is clear and appears designed to maintain continuity.
  • Successor Appointments: Not Specified.

Section C – Financial & Governance Disclosures (If Present)

This section is not applicable as the provided data does not contain any audited financial results, auditor's report, dividends, capital changes, buybacks, or other board committee updates beyond the KMP resignations.