Honasa Consumer Ltd: Subsidiaries to Amalgamate

Honasa Consumer Ltd has announced a proposed Scheme of Amalgamation where its wholly-owned subsidiary, Bhabani Blunt Hair Dressing Private Limited (BBlunt), will amalgamate with its step-down wholly-owned subsidiary, B:Blunt-Spratt Hairdressing Private Limited (B:Blunt Spratt). The Boards of both subsidiaries have approved the scheme. BBlunt reported a turnover of INR 2,439.49 Lakhs, while B:Blunt Spratt had a turnover of INR 2,875.64 Lakhs as of March 31, 2026. The rationale behind this amalgamation is to achieve organizational simplification, streamline the group structure, improve operational efficiencies, and reduce administrative and compliance costs. This transaction is considered a related party transaction but is exempted from SEBI Listing Regulations as it involves wholly-owned subsidiaries. No shares will be issued, and no adverse impact on Honasa Consumer Limited's shareholding pattern is expected. The scheme is subject to necessary statutory and regulatory approvals.