Hindustan Composites Limited — Important, 20-08-2026: Disclosure of material issue

Hindustan Composites has completed the slump sale of its Friction Business Undertaking to Rane (Madras) Limited (RML).

This strategic move results in four Senior Management Personnel transferring to RML. Critically, Managing Director Pawan Kumar Choudhary has resigned from his executive and KMP roles to facilitate his transfer to RML. He will, however, continue as a Non-Executive Director on Hindustan Composites' board. This finalizes a major divestment and significantly reshapes the company's operational leadership.