The Board of Directors of Hindware Home Innovation Limited, in their meeting held on June 3, 2026, approved a strategic move to transition Hintastica Private Limited into a wholly-owned subsidiary. The company will invest up to INR 15 crore through a rights issue and has signed a Share Purchase Agreement (SPA) to acquire the remaining 5,48,787 equity shares from its joint venture partner, Atlantic Société Française de Développement Thermique, for approximately INR 2.79 crore. Following this acquisition, the existing joint venture and ancillary agreements with Atlantic will be terminated, and Hindware will maintain full control over the water heater business under its own brand.

Hintastica Private Limited, incorporated in 2019, is engaged in the distribution and marketing of domestic electric storage water heaters and other related products. The entity previously manufactured its products but divested its manufacturing facility in late 2025, shifting its business model to a marketing and distribution-led strategy. Its operations currently span across India, Nepal, and Bhutan. As of March 31, 2026, Hintastica reported a turnover of approximately INR 39.72 crore and a net worth of INR 66.75 crore.

Hindware Home Innovation Limited is a prominent player in the consumer durables and home appliances sector, widely recognized for its “Hindware” brand. The company focuses on expanding its appliance portfolio and strengthening its market presence in the home solutions segment. By consolidating Hintastica as a wholly-owned subsidiary and providing a corporate guarantee of INR 25 crore to support its working capital, Hindware aims to streamline its operational focus and ensure the long-term continuity of its water heater business.