Quarterly Result10 Feb 2026, 02:40 pm
Hindoostan Mills Ltd. Announces Q3 Results, Plans to Sell Textile Unit for Rs. 15 Crores
AI Summary
Hindoostan Mills Ltd. announced the unaudited financial results for the quarter and nine months ended on December 31, 2025, along with a 'Limited Review' report by the auditors. The company's Board of Directors decided to sell the entire textile division/unit located at Karad, District Satara, Maharashtra, with a net block value of Rs. 5.65 Crores, for a floor price of Rs. 15 Crores. The sale is subject to shareholder approval and the approval of a Notice by Postal Ballot. The meeting of the Board of Directors took place from 11.30 A.M to 02.15 P.M on February 10, 2026.
Key Highlights
- Hindoostan Mills Ltd. announced Q3 results for the period ending December 31, 2025.
- The company's Board decided to sell the entire textile division/unit at Karad, Maharashtra, for a floor price of Rs. 15 Crores.
- The net block value of the textile unit is Rs. 5.65 Crores.
- The sale is subject to shareholder approval and Notice by Postal Ballot.
- The decision was made during a Board meeting held on February 10, 2026.