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Cheviot Company Limited has disclosed an acquisition of equity shares in Hindalco Industries Limited (HIL) through the stock exchange mechanism. The acquisition, made with a view towards long-term investment and without any intention to acquire control, involves 9,000 equity shares purchased on January 2, 2026, at ₹925.9068 per share, amounting to a total cash consideration of approximately ₹8.33 crore.

As of the reporting date, Cheviot Company Limited holds a total of 1,73,000 equity shares in Hindalco Industries Limited. The company clarified that the promoter, promoter group, or group companies of Cheviot do not have any interest in Hindalco Industries Limited, and the acquisition is not a related party transaction. Hindalco Industries Limited is engaged in the manufacturing of metal and metal products, reporting total equity of ₹70,206 crore, revenue from operations of ₹93,309 crore, and a profit of ₹6,387 crore for the year ended March 31, 2025, on a standalone basis.

While the holding is below 0.01% of HIL's share capital and is not expected to have a material impact, the value of the acquisition is expected to exceed the threshold specified under Regulation 30(4)(i)(c) of the Listing Regulations, necessitating this disclosure. The shares were purchased from the secondary market, considering Hindalco's strong fundamentals and market position.