Honasa Consumer Limited announced on October 28, 2026, the approval of a Scheme of Amalgamation between its wholly-owned subsidiary, Bhabani Blunt Hair Dressing Private Limited, and its step-down wholly-owned subsidiary, B:Blunt-Spratt Hairdressing Private Limited. This move is intended to streamline group structure, enhance operational efficiencies, and reduce compliance costs. The amalgamation is subject to requisite statutory and regulatory approvals.
Honasa Consumer Approves Subsidiary Amalgamation
Honasa Consumer Limited has announced the approval of a Scheme of Amalgamation involving two of its subsidiaries. The decision, communicated on October 28, 2026, details the proposed merger of B:Blunt-Spratt Hairdressing Private Limited (a step-down wholly-owned subsidiary) with and into Bhabani Blunt Hair Dressing Private Limited (a wholly-owned subsidiary).
Strategic Rationale for Amalgamation
The primary objective behind this proposed amalgamation is to achieve organisational simplification. Honasa Consumer aims to streamline its group structure, improve overall operational efficiencies, and reduce administrative and compliance costs. This initiative is expected to facilitate more efficient management of the business operations concerning these entities. The Scheme is being undertaken under Section 233 and other applicable provisions of the Companies Act, 2013.
Business Areas and Financials
Both involved subsidiaries operate within the Hair Care, Styling Products, and Salon Services sector. As of March 31, 2026, Bhabani Blunt Hair Dressing Private Limited reported a turnover of INR 2,439.49 Lakhs, while B:Blunt-Spratt Hairdressing Private Limited had a turnover of INR 2,875.64 Lakhs. The transaction is considered between wholly-owned entities and is therefore exempted from related party transaction regulations under SEBI Listing Regulations.
Shareholding and Approvals
The amalgamation involves entities that are wholly-owned subsidiaries of Honasa Consumer, and no new shares are proposed to be issued as part of this scheme. Consequently, there will be no change in the shareholding pattern of the listed entity, and the scheme is not expected to adversely impact shareholders. The successful implementation of the Scheme is contingent upon obtaining necessary statutory and regulatory approvals, including confirmation from the Central Government.
The company will host further updates on its website, www.honasa.in.
Source: BSE
