Haldyn Glass Ltd

AGM details

• 35th AGM on Fri Sep 4, 2026 at 11:30 am, Village Gavasad, Vadodara.
• Notice and Annual Report 2025-26 circulated electronically to registered email ids.
• Physical copies available on request.

Report availability

• Annual Report 2025-26, including AGM notice, available on haldynglass.com.

Financial overview

• Report contains performance at a glance and standalone results sections.
• Headlines and metrics to be read from the standalone financials.

Leadership changes

• CEO: Niraj Tipre.
• CFO until May 31, 2025: Ganesh P. Chaturvedi.
• CFO from June 1, 2025: Jitendra Karamchandani.

Governance committees

• Audit Committee: Ajit Shah, Mona Cheriyan, Gopalaraman Padmanabhan; Chairman.
• Nomination & Remuneration Committee: Gopalaraman Padmanabhan, Mona Cheriyan, Rohan Ajila; Chairman.
• Stakeholders Relationship Committee: Ajit Shah, Mona Cheriyan, Rohan Ajila; Chairman.

Auditors and bankers

• Auditors: M/s KNAV & CO. LLP.
• Registrar & Share Transfer Agent: MUFG Intime India Pvt. Ltd.
• Bankers: State Bank of India; HDFC Bank.

Contents of annual report

• Directors' Report, Secretarial Audit Report, Corporate Governance, Independent Auditors' Report.
• Balance Sheet, Statement of Profit and Loss, Cash Flow, Notes.

AGM Highlights

• 35th AGM scheduled for September 4, 2026 at 11:30 AM in Gavasad, Vadodara.
• Record date for voting fixed at August 28, 2026; remote e-voting August 31–September 3, 2026.
• Dividend proposed: final dividend of 70% (₹0.70 per share) for FY2025-26.
• Tarun Shetty re-appointed as Managing Director for three years (Aug 16, 2026–Aug 15, 2029).
• Tarun Shetty remuneration: escalating monthly salaries and 1% of net profits, subject to approvals.
• Narendra Shetty appointed as Founder Non-Executive Chairman for three years (Aug 16, 2026–Aug 15, 2029).
• Narendra Shetty remuneration: ₹5,00,000 per month plus up to 1% of net profits.
• Company notes strong FY2025-26 performance: revenue ₹4,636.7m, EBITDA ₹688.4m, PAT ₹183.2m.
• No default on payments to banks or financial institutions during year.

Dividend details

• Board recommended dividend ₹0.70 per equity share for FY ended 31 March 2026.
• Dividend payable within 30 days after AGM, subject to shareholder approval and TDS.

Resident TDS framework

• TDS on resident payouts: 10% with PAN; 20% without PAN.
• Lower/nil rate certificates or declarations for exemptions under IT Act.

Non-resident TDS

• FIIs/FPIs: 20% or DTAA rate; other non-residents: 20% or treaty rate.
• Nil rates for specified Schedule V entities; DTAA documentation required.

KYC and documentation

• Update PAN, bank details, address, contact, and nomination; deadline Aug 28, 2026.

Special window for physical shares

• SEBI window: re-lodgement of pre-2019 physical transfers Feb 5, 2026 to Feb 4, 2027.

Other investor notes

• Company may apply a higher TDS rate if discrepancies found; refunds available via return filing.

Acquisition details

• Associate company Haldyn Heinz Fine Glass signed SP&A to acquire Jamnagar Renewables Two stake.
• Acquisition tenor: 1.39% equity stake post-transaction.
• Consideration: cash, total cost Rs 3.74 crore.
• Shareholding acquired: 37,41,500 equity shares at Rs 10 each.
• Target entity: Jamnagar Renewables Two Private Limited, engaged in renewable energy generation.
• Indicative time: End August 2026 completion timeline, subject to regulatory compliances.
• No related party transaction; no promoter/group interest.
• Target is a Continuum Green Energy Limited subsidiary; turnover ₹31.79 crore FY2025-26.
• Paid-up capital of Jamnagar Renewables Two Private Limited is ₹80.10 crore.
• Incorporated on 14 May 2024; captive power generation.

Dematerialisation processing and certificate handling

• Dematerialisation requests processed; securities listed on exchanges.
• Certificates dematerialised were mutilated and cancelled; depository name substituted as registered owner within timelines.