Hindustan Composites

** India's Auto components maker Rane (Madras) Ltd's RAMD.NS shares jump 5.5% to 1,219 rupees

** RAMD to acquire Hindustan Composites' HFRD.NS friction business for 3.70 billion rupees ($39.06 million) in an all-cash sale

** Company says acquisition will create a friction materials business with over 10 billion rupees in revenue, making Rane the market leader across major segments

** Transaction will expand manufacturing scale, distribution network and R&D capabilities while adding the COMPO brand

** Trading vols at 319,507 shares vs 30-day average of 114,696 shares

** YTD stock up 52.7%

($1 = 94.7250 Indian rupees)

(Reporting by Surbhi Misra in Bengaluru)

(([email protected] | X: https://twitter.com/SurbhiMisra_ |;))

Hindustan Composites Limited's board approved the transfer of its Friction Business Undertaking to Rane (Madras) Limited on a slump sale basis for a lump sum cash consideration of ₹370 crore, the company disclosed on June 30, 2026. The friction business, which develops and manufactures friction materials for automobile, railway, and industrial applications, generated turnover of ₹315.04 crore in the financial year ended March 31, 2026 — representing 84% of the company's total revenue. Rane (Madras) Limited is part of the Chennai-based Rane Group, a leading auto component supplier to major OEMs globally. The transaction is subject to shareholder approval through a postal ballot process and is expected to close on or before September 30, 2026. The company stated the divestiture unlocks embedded value, will help avoid a significant upcoming capital expenditure cycle, and a portion of the net proceeds is expected to be returned to shareholders by way of a special dividend. Post-completion, Hindustan Composites will retain its Treasury and Investment business and Commodity Trading operations.

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Feb 10 (Reuters) - Hindustan Composites Ltd HFRD.NS:

• HINDUSTAN COMPOSITES - TO COMMENCE BUSINESS OF TRADING IN METALS AND COMMODITIES

Source text: ID:nBSE12HgkR

Further company coverage: HFRD.NS

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Oct 17 (Reuters) - Hindustan Composites Ltd HFRD.NS:

• ACQUIRED 30,000 SHARES OF HDFC BANK FOR 50.2 MILLION RUPEES

Source text for Eikon: ID:nNSE2pdbxx

Further company coverage: HFRD.NS

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** Shares of Hindustan Composites HFRD.NS rise 6.8% to 618.3 rupees

** Auto parts manufacturer says it entered into agreement to acquire 150,000 shares of IPO-bound food delivery co Swiggy for 51.8 mln rupees ($617,136.9)

** Acquisition price per share is 345 rupees

** Stock climbs ~36% YTD, after gaining ~49% in 2023

($1 = 83.9360 Indian rupees)

(Reporting by Yagnoseni Das in Bengaluru)

(([email protected];))

Sept 2 (Reuters) - Hindustan Composites Ltd HFRD.NS:

• HINDUSTAN COMPOSITES LTD - ENTERED INTO A SHARE PURCHASE AGREEMENT WITH SWIGGY

• HINDUSTAN COMPOSITES LTD - ENTERED INTO AGREEMENT WITH SWIGGY FOR INVESTMENT OF 51.8 MILLION RUPEES

Source text for Eikon: ID:nBSE6rB3n6

Further company coverage: HFRD.NS

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March 8 (Reuters) - Hindustan Composites Ltd HFRD.NS:

• MADE INSURANCE CLAIM OF 64 MILLION RUPEES TOWARDS DAMAGES FROM FIRE INCIDENT

Source text for Eikon: ID:nBSE5fj8WW

Further company coverage: HFRD.NS

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Nov 22 (Reuters) - Hindustan Composites Ltd HFRD.NS:

• BSE, NSE IMPOSING FINE OF 162,000 RUPEES EACH ON CO

Source text for Eikon: ID:nBSEbsp2l3

Further company coverage: HFRD.NS

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** Shares of Hindustan Composites HFRD.NS rise as much as 9.7% to 325 rupees after Q4 earnings jump

** Co on Friday reported an over two-fold jump in profit on an ~17% increase in revenue from ops

** Stock trading above its moving average convergence divergence line, indicating bullish sentiment

** More than 14,900 shares change hands by 09:55 a.m. IST, 3.2x 30-day avg of 4,645 shares

** Stock down 2.7% YTD, up to last close

($1 = 82.5678 Indian rupees)

(Reporting by Ashna Teresa Britto in Bengaluru)

(([email protected] ; ( +91 8078332441))