Hindware Home Innovation Limited has submitted a regulatory disclosure under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 regarding a management change at its material subsidiary, Hindware Limited.
The shareholders of Hindware Limited approved the appointment of Mr. Shashvat Somany (DIN: 10058462) as Joint Managing Director and designated Whole Time Key Managerial Personnel at their 9th Annual General Meeting held on 29th June, 2026.
Appointment Details
- Effective Date: 1st October, 2026
- Term: 5 years effective from 1st October, 2026
- Nature of Change: Appointment
Professional Profile of Mr. Shashvat Somany
Mr. Shashvat Somany currently serves as Non-Executive Director of Hindware Limited. He also holds the position of Head of Strategy at Somany Impresa Group, which comprises AGI Greenpac Limited and Hindware Home Innovation Limited. In this role, he is responsible for shaping long-term strategic direction and driving growth, operational excellence, and innovation. He is the Founder of Tattva, the Group's corporate venture capital arm.
Educational Background
- MBA in Tech & Analytics from London Business School
- BA in Economics and Psychology from University of California, Los Angeles (UCLA)
Professional Experience
Extensive experience in consulting, advising clients across consumer appliances, FMCG and Telecommunications sectors.
Relationship Disclosure
Mr. Shashvat Somany is the son of Mr. Sandip Somany, who serves as Chairman and Managing Director of Hindware Limited, and Chairman and Non-Executive Director of Hindware Home Innovation Limited.