Monday, February 17, 2025

Central Government/President of India’s Portfolio Buys Stake in Hardwyn India Ltd.

Hardwyn India Ltd. is a leader in architectural hardware and glass fittings. According to the company’s shareholding pattern available on the Bombay Stock Exchange (BSE), In December 2024, a 0.46 per cent stake (comprising 22,68,924 shares) in the company was
acquired by the Central Government/ President of India. The existing shareholding structure includes 43.77 per cent by promoters, 0.07 per cent by Foreign Institutional Investors (FIIs), 0.46 per cent by the Government and 55.70 per cent by the public.

Recently, the board has executed a bonus issue after it had set December 27 as record date. The bonus issue was in the ratio of 02:05 i.e. 02(Two) equity shares for every 05 (Five) existing equity shares held by the members of the Company.

Earlier, the company has announced that it has signed an MOU with The Gyalsung Infra, Bhutan. The company takes pride in offering comprehensive solutions for both residential and commercial structures. Its unwavering commitment to perfection is rooted in a customer-centric philosophy and an unrelenting pursuit of world-class quality. The company’s growth strategies enables it to tapin to one of the nation’s most vibrant and rapidly evolving market. This strategic decision positions Hardwyn India Ltd to both strengthen its presence in the global market and capitalise on the immense talent and potential the market has to offer.

“We are pleased to announce that Hardwyn India Ltd, India and The Gyalsung Infra, Bhutan have singed MOU stating that all the architectural hardware and glass fittings products will be supplied by Hadwyn India Ltd for renovations of buildings and upcoming projects / construction done by The Gyalsung Infra in Bhutan. According to MOU products will be supplied for 2years and value of the products will be approx. 5Cr. We are excited about this new achievement and its long term impact on our business and stake holders. We look forward to the positive impact it will have it on our business, our clients and the communities we serve.” said Mr.Rubaljeet Singh Sayal, Managing Director of Hardwyn India Ltd

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