Hardwyn India Obtains Renowned Certification Issued By Bureau of Indian Standards

Hardwyn India Limited, a major producer of architectural hardware, kitchen essentials, and glass fittings, has secured the highly-regarded IS 6325:1992 certification from the Bureau of Indian Standards. This award, which is the highest in the country's verification system for spring floors, reaffirms Hardwyn's dedication towards outstanding design, quality engineering, and dependable products. With this acknowledgement, it makes Hardwyn one of the top three companies in the country that are entitled to this certification.

The company's adherence to innovation coupled with quality control measures has greatly aided in gaining industry trust. The IS 6315:1992 certification signifies that the company goes above and beyond in ensuring that the products it manufactures are leaders in performance and quality. Moreover, Hardwyn's Manufacturing prowess is equally supported by an extensive supply chain and distribution network that makes their products readily available throughout the subcontinent and other regions. Furthermore, the company continuously seeks means to promote eco-friendliness and sustainability by employing advanced green manufacturing technologies that lower production waste and pollution.

This significant decline occurred after the stock traded ex-bonus on Friday, December 27, following the distribution of 13,95,52,587 Equity shares worth Rs. 1 each as fully paid bonus shares to the company's current shareholders in a 2:5 ratio.

"We wish to inform you that Board of Directors of Hardwyn India Limited ("the Company") in its Board Meeting held on December 30th, 2024 have allotted 13,95,52,587 Equity shares of Rs. 1/- each as fully paid Bonus Shares to the existing shareholders of the Company as on record date December, 27th, 2024 in the ratio of 02:05 i.e. (Two bonus equity share for every Five equity shares held) Equity Shares," said Hardwyn India in a stock exchange filing on Monday.

"Further, pursuant to such issue any certificate or coupon in respect of fractional shares, if any, but the total number of such new equity shares representing such fractions shall be allotted by the Board (which expression shall also include Committee thereof) to the nominee(s) to be selected by the Board/Committee, who would hold them as trustee for the members entitled thereto, and sell such equity shares allotted to him at the prevailing market rate and the net sale proceeds of such shares after adjusting the cost and expenses in respect thereof be distributed to the members in proportion to their fractional entitlements," Hardwyn India further informed to stock exchanges.

Following the aforementioned allocation and adjustment of fractional shares, the company's paid-up equity share capital would be Rs 48,84,34,054/-, which would be made up of 48,84,34,054 equity shares at a price of Rs 1 apiece. In every way, the aforementioned shares will rank on par with the company's current equity shares.

Meanwhile, Hardwyn India recently announced that from January 1, 2025, until 48 hours following the release of the unaudited financial results for the quarter ending December 31, 2024, its trading window will remain closed to trading in the company's securities by Designated Persons, Connected Persons as defined in the aforementioned "Code of Conducts,".

Hardwyn India Ltd. and the Government of Bhutan-The Gyalsung Infra-signed a Memorandum of Understanding earlier on December 6, 2024. The MOU stated that Hadwyn India Ltd. will supply all architectural hardware and glass fittings products for building repairs and future construction projects carried out by The Gyalsung Infra in Bhutan. Products will be delivered for two years and have a value of around Rs 5 Cr, per the MOU.

In the field of architectural hardware, Hardwyn is a sign of creativity, craftsmanship, and trustworthiness with a 57-year history of distinction.