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Cheviot Company Limited has disclosed its acquisition of equity shares in Hindalco Industries Limited (HIL) through the stock exchange mechanism. The shares were purchased from the secondary market with a long-term investment perspective and without any intention to acquire control. HIL, incorporated in 1958, is a metal and metal products manufacturer. For the year ended March 31, 2025, HIL reported standalone total equity of ₹70,206 crore, revenue from operations of ₹93,309 crore, and profit for the year of ₹6,387 crore.

The acquisition, while not involving any promoter or group company interest and not being a related party transaction, necessitates disclosure under Regulation 30 of the SEBI Listing Regulations as the value of shares acquired is expected to exceed the specified threshold. Cheviot Company acquired 22,000 equity shares of HIL on January 1, 2026, at ₹894.4893 per share. Following this transaction, Cheviot Company holds an aggregate of 1,64,000 equity shares of HIL, representing a holding below 0.01% of the total share capital. The purchase is driven by a view of Hindalco's strong fundamentals and leading market position. No governmental or regulatory approvals are required for this acquisition, which is considered a cash consideration.