Outcome of Board Meeting held on Jun 30, 2026

Hindustan Composites Limited's Board of Directors has approved the transfer of its 'Friction Business Undertaking' to Rane (Madras) Limited for a cash consideration of INR 370 Crore, subject to shareholder approval and certain conditions. The transaction will be executed on a slump sale basis and is pending completion of specified actions in the Business Transfer Agreement. The company will seek shareholders' approval through a Postal Ballot Process.

Reported results are the point at which prior management commitments become checkable against audited or reviewed numbers.

• Margin trend against the prior period
• Cash from operations against reported profit
• Whether prior guidance is reaffirmed