Hindusthan Urban Infrastructure Ltd — Others, 18-06-2025: AGM/EGM

Hindusthan Urban Infrastructure Limited has announced a board meeting to seek members’ approval via postal ballot for the sale of its entire 58.5% holding (approx. 8.46 crore shares) in its material subsidiary, Hindusthan Speciality Chemicals Limited, to DCM Shriram Limited for around INR 219.38 Cr (subject to debt adjustments). The Board views this divestment as a strategic move to focus on the core electrical equipment manufacturing business. Proceeds from the sale will be used for business expansion, loan repayment, or general corporate purposes. Remote e-voting details have been provided for shareholders to cast their votes electronically.