Integrated Filing — IndAS

General information about company
Scrip Code	542905
NSE Symbol	HINDWAREAP
MSEI Symbol	NOTLISTED
ISIN	INE05AN01011
Name of company	HINDWARE HOME INNOVATION LIMITED
Type of company	Main Board
Class of security	Equity
Date of start of financial year	01-Apr-2024
Date of end of financial year	31-Mar-2025
Date of board meeting when results were approved	24-May-2025
Date on which prior intimation of the meeting for considering financial results was informed to the exchange	16-May-2025
Description of presentation currency	INR (in Actuals)
Reporting Type	Quarterly
Reporting Quarter	Fourth quarter
Nature of report standalone or consolidated	Standalone
Whether results are audited or unaudited for the quarter ended	Audited
Whether results are audited or unaudited for the Year to date for current period ended/year ended	Audited
Segment Reporting	Single segment
Description of single segment	Consumer Appliances Business
Start date and time of board meeting	24-May-2025   13:45:00
End date and time of board meeting	24-May-2025   16:30:00
Whether cash flow statement is applicable on company	Yes
Type of cash flow statement	Cash Flow Indirect
Declaration of unmodified opinion or statement on impact of audit qualification	Declaration of unmodified opinion
Whether the company has any related party?	Yes
Whether the company has entered into any Related Party transaction during the selected half year for which it wants to submit disclosure?	Yes
(I) We declare that the acceptance of fixed deposits by the bans/Non-Banking Finance Company are at the terms uniformly applicable/offered to all shareholders/public	NA
(II) We declare that the scheduled commercial bank, as per RBI circular RBI/DBR/2015-16/19 dated March 03, 2016, has allowed additional interest of one per cent per annum, over and above the rate of interest mentioned in the schedule of interest rates on savings or a term deposits of banks staff and their exclusive associations as well as on deposits of Chairman, Chairman & Managing Director, Executive Director or such other Executives appointed for a fixed tenure.	NA
Whether the company is a high value debt listed entity according to regulation 15 (1A)?	No
(a) If answer to above question is Yes, whether complying with proviso to regulation 23 (9), i.e., submitting RPT disclosures on the day of results publication?
(b) If answer to above question is No, please explain the reason for not complying.
Whether the updated Related Party Transactions (RPT) Policy (in compliance with Reg. 23 of SEBI LODR) has been uploaded on the website of the Company?	Yes
Latest Date on which RPT policy is updated	2025-05-24
Indicate Company website link for updated RPT policy of the Company	www.hindwarehomes.com
Whether statement on deviation or variation for proceeds of public issue, rights issue, preferential issue, qualified institutions placement etc. is applicable to the company for the current quarter?	No
No. of times funds raised during the quarter
Whether the disclosure for the Default on Loans and Debt Securities is applicable to the entity?	No
The disclosure for the default on Loans and Debt Securities is not applicable on the Company

Financial Results Ind-AS
Particulars		3 months/ 6 months ended (dd-mm-yyyy)	Year to date figures for current period ended (dd-mm-yyyy)
A	Date of start of reporting period	01-Jan-2025	01-Apr-2024
B	Date of end of reporting period	31-Mar-2025	31-Mar-2025
C	Whether results are audited or unaudited	Audited	Audited
D	Nature of report standalone or consolidated	Standalone	Standalone
Part I	Blue color marked fields are non-mandatory. For Consolidated Results, if the company has no figures for 3 months / 6 months ended, in such case zero shall be inserted in the said column.
1	Income
	Revenue from operations	919400000	3523500000
	Other income	62500000	233800000
	Total income	981900000	3757300000
2	Expenses
(a)	Cost of materials consumed	0	0
(b)	Purchases of stock-in-trade	581100000	2107900000
(c)	Changes in inventories of finished goods, work-in-progress and stock-in-trade	57800000	194000000
(d)	Employee benefit expense	133200000	571100000
(e)	Finance costs	17100000	152500000
(f)	Depreciation, depletion and amortisation expense	41200000	173300000
(f)	Other Expenses
1	Power and fuel	100000	2000000
2	Other Expenses	283000000	1054500000
	Total other expenses	283100000	1056500000
	Total expenses	1113500000	4255300000
3	Total profit before exceptional items and tax	-131600000	-498000000
4	Exceptional items	-61200000	-61200000
5	Total profit before tax	-192800000	-559200000
6	Tax expense
7	Current tax	0	0
8	Deferred tax	-47100000	-157000000
9	Total tax expenses	-47100000	-157000000
10	Net movement in regulatory deferral account balances related to profit or loss and the related deferred tax movement	0	0
11	Net Profit Loss for the period from continuing operations	-145700000	-402200000
12	Profit (loss) from discontinued operations before tax	45000000	9600000
13	Tax expense of discontinued operations	15800000	3400000
14	Net profit (loss) from discontinued operation after tax	29200000	6200000
15	Share of profit (loss) of associates and joint ventures accounted for using equity method	0	0
16	Total profit (loss) for period	-116500000	-396000000
17	Other comprehensive income net of taxes	3000000	4000000
18	Total Comprehensive Income for the period	-113500000	-392000000
19	Total profit or loss, attributable to
	Profit or loss, attributable to owners of parent
	Total profit or loss, attributable to non-controlling interests
20	Total Comprehensive income for the period attributable to
	Comprehensive income for the period attributable to owners of parent
	Total comprehensive income for the period attributable to owners of parent non-controlling interests
21	Details of equity share capital
	Paid-up equity share capital	167300000	167300000
	Face value of equity share capital	2	2
27	Details of debt securities
22	Reserves excluding revaluation reserve		2774000000
23	Earnings per share
i	Earnings per equity share for continuing operations
	Basic earnings (loss) per share from continuing operations	-1.74	-5.17
	Diluted earnings (loss) per share from continuing operations	-1.74	-5.17
ii	Earnings per equity share for discontinued operations
	Basic earnings (loss) per share from discontinued operations	0.35	0.08
	Diluted earnings (loss) per share from discontinued operations	0.35	0.08
ii	Earnings per equity share
	Basic earnings (loss) per share from continuing and discontinued operations	-1.39	-5.09
	Diluted earnings (loss) per share from continuing and discontinued operations	-1.39	-5.09
24	Debt equity ratio
25	Debt service coverage ratio
26	Interest service coverage ratio
27	Disclosure of notes on financial results		1. The above audited consolidated and standalone financial results of the Company for the quarter and year ended 31st March 2025 have been reviewed by Audit Committee and approved by the Board of Directors at their respective meetings held on 24th May 2025. n2. Following the Boards decision on 28th May 2024 to discontinue the Retail Business the RB the approval nfor sale liquidation of assets of RB the preliminary financial impact of same was recognized in the quarter and nyear ended 31st March 2024 and in subsequent quarters as and when occurred. The Company is continuing the process of sale liquidation of assets of RB and any further impact if any will be accounted for in the respective period quarter as and when occurred assessed. As a results segment reporting has been reorganized restated and RB have been merged and treated as part of the Consumer Appliances Business for current period and accordingly in the corresponding figures in the previous year periods. The Group now operates in two segments n1. Consumer Appliances Business and 2 Building Products. Consequently previous periods segment figures nare not strictly comparable with the current quarter and year ended 31st March 2025. n3. As of 31st December 2024 the Companys total investment in Hintastica Private Limited the HPL or JV na 50 50 joint venture was amounted to Rupees 61.86 crore in standalone financials represented by 422861 equity shares of Rupees 10 each. During the quarter ended 31st March 2025 the Company has further infused Rupees 17 crore in HPL on a rights basis by subscribing to an additional 125926 nos equity shares of Rupees 10 each at a premium of 1340 per share. On 31st March 2025 the Company restated value measured its investment in the JV HPL based on an independent valuation report and recognized provided an impairment loss of Rupees 6.12 crore in Standalone Financial Results and Rupees 29.60 crore in Consolidated Financial Results under Exceptional Items. n4. The Other Income for the year ended 31st March 2025 on standalone basis includes dividend received by the Company from its subsidiary viz. Hindware Limited amounting to Rupees 4.90 crore Previous Year Rupees 29.40 crore. n5. The Company had incorporated a wholly owned subsidiary by the name of HHIL Limited on 4th March 2025 nand subscribed for 5000000 equity shares of Rupees 2 each of HHIL Limited during the quarter and year ended 31st March 2025. n6. The Board of Directors of the Company in its meeting held on 27th March 2025 had approved a Composite nScheme of Arrangement the Scheme under section 230 to 232 read with section 66 and other applicable nprovisions of the Companies Act 2013 and the provisions of other applicable laws amongst the Company the nDemerged Company Remaining Transferor Company Hindware Limited Transferee Company and nHHIL Limited Resulting Company and their respective shareholders and creditors. The Scheme provides nfor the demerger of the Consumer Products Business of the Demerged Company and the amalgamation of the nRemaining Transferor Company as defined in the Scheme with and into Transferee Company. The Appointed nDate for the Scheme is 1st April 2025 or such other date as may be mutually agreed by the respective Board of the Companies or any such date approved by the Honble National Company Law Tribunal NCLT or any nother competent authority. The Scheme is subject to the approval of the BSE Limited the National Stock nExchange of India Limited SEBI shareholders and creditors of the Company and such other necessary napprovals as may be required and the sanction thereof of the Scheme by NCLT. The Company has applied to nBSE Limited and the National Stock Exchange for requisite approval of the Scheme and the approvals are nawaited. n7. During the quarter ended 31st December 2024 the Company had issued 11349962 nos equity shares of face value of Rupees 2 each at a price of 220 per share including a premium of Rupees 218 per share to its shareholders on a Rights basis. The use of proceeds from this Rights Issue has been fully utilised in line with the objects stated in the offer letter. Consequently basic and diluted EPS for all previous periods have been restated. n8. Figures for the quarter ended 31st March 2025 represent balancing figures between Audited figures for the full financial year and published year to date figures up to 31st December 2024. n9. The previous quarter period year figures have been rearranged regrouped wherever considered necessary.

Remarks
Debt equity ratio
Debt service coverage ratio
Interest service coverage ratio

Statement of Asset and Liabilities
Particulars		Year ended (dd-mm-yyyy)
Date of start of reporting period		01-Apr-2024
Date of end of reporting period		31-Mar-2025
Whether results are audited or unaudited		Audited
Nature of report standalone or consolidated		Standalone
	Assets
1	Non-current assets
	Property, plant and equipment	283600000
	Capital work-in-progress	18900000
	Investment property	0
	Goodwill	0
	Other intangible assets	3900000
	Intangible assets under development	800000
	Biological assets other than bearer plants	0
	Investments accounted for using equity method	0
	Non-current financial assets
	Non-current investments	741800000
	Trade receivables, non-current	0
	Loans, non-current	980000000
	Other non-current financial assets	24700000
	Total non-current financial assets	1746500000
	Deferred tax assets (net)	530800000
	Other non-current assets	354200000
	Total non-current assets	2938700000
2	Current assets
	Inventories	905600000
	Current financial asset
	Current investments	0
	Trade receivables, current	908000000
	Cash and cash equivalents	51000000
	Bank balance other than cash and cash equivalents	1300000
	Loans, current	0
	Other current financial assets	40100000
	Total current financial assets	1000400000
	Current tax assets (net)	0
	Other current assets	177100000
	Total current assets	2083100000
3	Non-current assets classified as held for sale	34800000
4	Regulatory deferral account debit balances and related deferred tax Assets
	Total assets	5056600000
	Equity and liabilities
1	Equity
	Equity attributable to owners of parent
	Equity share capital	167300000
	Other equity	2774000000
	Total equity attributable to owners of parent	2941300000
	Non controlling interest
	Total equity	2941300000
2	Liabilities
	Non-current liabilities
	Non-current financial liabilities
	Borrowings, non-current	0
	Trade payables, non-current
	(A) Total outstanding dues of micro enterprises and small enterprises
	(B) Total outstanding dues of creditors other than micro enterprises and small enterprises
	Total Trade payable
	Other non-current financial liabilities	34600000
	Total non-current financial liabilities	34600000
	Provisions, non-current	16200000
	Deferred tax liabilities (net)
	Deferred government grants, Non-current
	Other non-current liabilities	351300000
	Total non-current liabilities	402100000
	Current liabilities
	Current financial liabilities
	Borrowings, current	82000000
	Trade payables, current
	(A) Total outstanding dues of micro enterprises and small enterprises	155100000
	(B) Total outstanding dues of creditors other than micro enterprises and small enterprises	412200000
	Total Trade payable	567300000
	Other current financial liabilities	725600000
	Total current financial liabilities	1374900000
	Other current liabilities	128800000
	Provisions, current	30300000
	Current tax liabilities (Net)	0
	Deferred government grants, Current	0
	Total current liabilities	1534000000
3	Liabilities directly associated with assets in disposal group classified as held for sale	179200000
4	Regulatory deferral account credit balances and related deferred tax liability	0
	Total liabilities	2115300000
	Total equity and liabilites	5056600000
	Disclosure of notes on assets and liabilities

Format for Reporting Segmenet wise Revenue, Results and Capital Employed along with the company results
Particulars		3 months/ 6 month ended (dd-mm-yyyy)	Year to date figures for current period ended (dd-mm-yyyy)
Date of start of reporting period		01-Jan-2025	01-Apr-2024
Date of end of reporting period		31-Mar-2025	31-Mar-2025
Whether accounts are audited or unaudited		Audited	Audited
Nature of report standalone or consolidated		Standalone	Standalone
1	Segment Revenue (Income)
	(net sale/income from each segment should be disclosed)
	Total Segment Revenue
	Less: Inter segment revenue
	Revenue from operations
2	Segment Result
	Profit (+) / Loss (-) before tax and interest from each segment
	Total Profit before tax
	i. Finance cost
	ii. Other Unallocable Expenditure net off Unallocable income
	Profit before tax
3	(Segment Asset - Segment Liabilities)
	Segment Asset
	Total Segment Asset
	Un-allocable Assets	null	null
	Net Segment Asset	null	null
4	Segment Liabilities
	Segment Liabilities
	Total Segment Liabilities
	Un-allocable Liabilities	null	null
	Net Segment Liabilities	null	null
	Disclosure of notes on segments

Other Comprehensive Income
Particulars		3 months/ 6 months ended (dd-mm-yyyy)	Year to date figures for current period ended (dd-mm-yyyy)
A	Date of start of reporting period	01-Jan-2025	01-Apr-2024
B	Date of end of reporting period	31-Mar-2025	31-Mar-2025
C	Whether results are audited or unaudited	Audited	Audited
D	Nature of report standalone or consolidated	Standalone	Standalone
	Other comprehensive income [Abstract]
1	Amount of items that will not be reclassified to profit and loss
1	Item that will not be reclassified to profit or loss	4800000	6200000
	Total Amount of items that will not be reclassified to profit and loss	4800000	6200000
2	Income tax relating to items that will not be reclassified to profit or loss	1700000	2200000
3	Amount of items that will be reclassified to profit and loss
	Total Amount of items that will be reclassified to profit and loss
4	Income tax relating to items that will be reclassified to profit or loss	100000	0
5	Total Other comprehensive income	3000000	4000000

Cash flow statement, indirect
Particulars				Year ended (dd-mm-yyyy)
A	Date of start of reporting period			2024-04-01
B	Date of end of reporting period			2025-03-31
C	Whether results are audited or unaudited			Audited
D	Nature of report standalone or consolidated			Standalone
Part I	Blue color marked fields are non-mandatory.
	Statement of cash flows
	Cash flows from used in operating activities
	Profit before tax			-559200000
	Adjustments for reconcile profit (loss)
	Adjustments for finance costs			169400000
	Adjustments for decrease (increase) in inventories			223900000
	Adjustments for decrease (increase) in trade receivables, current			42700000
	Adjustments for decrease (increase) in trade receivables, non-current			0
	Adjustments for decrease (increase) in other current assets			150800000
	Adjustments for decrease (increase) in other non-current assets			0
	Adjustments for other financial assets, non-current			0
	Adjustments for other financial assets, current			0
	Adjustments for other bank balances			0
	Adjustments for increase (decrease) in trade payables, current			-69300000
	Adjustments for increase (decrease) in trade payables, non-current			0
	Adjustments for increase (decrease) in other current liabilities			0
	Adjustments for increase (decrease) in other non-current liabilities			0
	Adjustments for depreciation and amortisation expense			175600000
	Adjustments for impairment loss reversal of impairment loss recognised in profit or loss			0
	Adjustments for provisions, current			-1600000
	Adjustments for provisions, non-current			0
	Adjustments for other financial liabilities, current			0
	Adjustments for other financial liabilities, non-current			0
	Adjustments for unrealised foreign exchange losses gains			-100000
	Adjustments for dividend income			49000000
	Adjustments for interest income			33700000
	Adjustments for share-based payments			0
	Adjustments for fair value losses (gains)			0
	Adjustments for undistributed profits of associates			0
	Other adjustments for which cash effects are investing or financing cash flow			2200000
	Other adjustments to reconcile profit (loss)			9600000
	Other adjustments for non-cash items			31200000
	Share of profit and loss from partnership firm or association of persons or limited liability partnerships			0
	Total adjustments for reconcile profit (loss)			651700000
	Net cash flows from (used in) operations			92500000
	Dividends received			0
	Interest paid			0
	Interest received			0
	Income taxes paid (refund)			-21000000
	Other inflows (outflows) of cash			0
	Net cash flows from (used in) operating activities			113500000
	Cash flows from used in investing activities
	Cash flows from losing control of subsidiaries or other businesses			0
	Cash flows used in obtaining control of subsidiaries or other businesses			0
	Other cash receipts from sales of equity or debt instruments of other entities			0
	Other cash payments to acquire equity or debt instruments of other entities			0
	Other cash receipts from sales of interests in joint ventures			0
	Other cash payments to acquire interests in joint ventures			180200000
	Cash receipts from share of profits of partnership firm or association of persons or limited liability partnerships			0
	Cash payment for investment in partnership firm or association of persons or limited liability partnerships			0
	Proceeds from sales of property, plant and equipment			8400000
	Purchase of property, plant and equipment			60000000
	Proceeds from sales of investment property			50000000
	Purchase of investment property			50000000
	Proceeds from sales of intangible assets			0
	Purchase of intangible assets			0
	Proceeds from sales of intangible assets under development			0
	Purchase of intangible assets under development			0
	Proceeds from sales of goodwill			0
	Purchase of goodwill			0
	Proceeds from biological assets other than bearer plants			0
	Purchase of biological assets other than bearer plants			0
	Proceeds from government grants			0
	Proceeds from sales of other long-term assets			0
	Purchase of other long-term assets			0
	Cash advances and loans made to other parties			980000000
	Cash receipts from repayment of advances and loans made to other parties			0
	Cash payments for future contracts, forward contracts, option contracts and swap contracts			0
	Cash receipts from future contracts, forward contracts, option contracts and swap contracts			0
	Dividends received			49000000
	Interest received			31900000
	Income taxes paid (refund)			0
	Other inflows (outflows) of cash			-300000
	Net cash flows from (used in) investing activities	-1131200000
	Cash flows from used in financing activities
	Proceeds from changes in ownership interests in subsidiaries			0
	Payments from changes in ownership interests in subsidiaries			0
	Proceeds from issuing shares			0
	Proceeds from issuing other equity instruments			2497000000
	Payments to acquire or redeem entity's shares			0
	Payments of other equity instruments			8800000
	Proceeds from exercise of stock options			0
	Proceeds from issuing debentures notes bonds etc			0
	Proceeds from borrowings			150000000
	Repayments of borrowings			82500000
	Payments of lease liabilities			94800000
	Dividends paid			28600000
	Interest paid			119800000
	Income taxes paid (refund)			0
	Other inflows (outflows) of cash			-1348500000
	Net cash flows from (used in) financing activities			964000000
	Net increase (decrease) in cash and cash equivalents before effect of exchange rate changes			-53700000
	Effect of exchange rate changes on cash and cash equivalents
	Effect of exchange rate changes on cash and cash equivalents			0
	Net increase (decrease) in cash and cash equivalents			-53700000
	Cash and cash equivalents cash flow statement at beginning of period			104700000
	Cash and cash equivalents cash flow statement at end of period			51000000