Hindustan Composites Limited Approves Dividend on the Equity Shares for the Financial Year Ended 31 March 2023

Hindustan Composites Limited is an India-based company, which is engaged in the business of manufacturing and marketing of fiber-based friction material, consisting of brake liners, roll lining, brake block, clutch facing other and investments. The Company operates through two segments: Composite Products and Investment. Its friction materials include brake linings, clutch facings, ceramic buttons, disk brake pads, roll linings, brake blocks, friction sheets and industrial roll linings. Its industrial thrust bearing and insulation products include millboard sheets, millboard disks, compestos and compestos ring. The Company's range of products are suitable for several general and specialized applications. It caters to the diversified needs of core sector industries, such as automotive, railways, engineering, mining, aerospace, steel, chemical, oil exploration and others. Its friction sheets are used in industrial clutches, marine gearbox clutches, tractor steering clutches, and others.