Hindoostan Mills Ltd — Important, 10-02-2026: Company Update

Hindoostan Mills' Board has approved the sale of its entire textile unit machinery located in Karad, subject to shareholder approval. The sale is targeted for a floor price of Rs. 15 Cr, against a net block of Rs. 5.65 Cr. This unit generated 52.60% of the company's total turnover (Rs. 32.57 Cr) in FY25, and its turnover was 60.34% of the company's net worth (Rs. 28.39 Cr) as of March 31, 2025. This move aims to divest a significant operational asset, with completion expected by March 2028.