Hindustan Composites Limited — Updates, 11-08-2026: General Updates

Members approved the sale of the Friction Business, which generated 315.04 Cr in turnover (84% of total) and 69.52 Cr in net worth. The cash consideration is 370 Cr. This divestment aims to unlock value, streamline operations, strengthen the balance sheet, and fund future strategy, with a special dividend expected.