Haldyn Glass Ltd

Haldyn Glass Limited trading window closed from Thursday, October 1, 2026 till the expiry of 48 hours after the declaration of financial results for the quarter and half year ended September 30, 2026

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.

Financials (standalone)

• Revenue from operations: Rs 13,868.78 lakh for quarter ended June 30, 2026.
• Total income: Rs 13,957.43 lakh for quarter ended June 30, 2026.
• Profit before tax: Rs 1,237.74 lakh; profit after tax: Rs 923.91 lakh.
• Basic EPS Rs 1.72; diluted Rs 1.70 for quarter ended June 30, 2026.

Dividends & governance

• Dividend recommended at Rs 0.70 per equity share; record date Aug 28, 2026.
• 35th AGM scheduled for Sep 4, 2026.
• Tarun Shetty re-appointed MD for 3 years from Aug 16, 2026.
• Narendra Shetty appointed Founder Non-Executive Chairman for 3 years from Aug 16, 2026.
• Capex plan around Rs 150 crore for rebuild and expansion.

Capex & capacity

• Existing capacity 430 MT; proposed addition 75 MT; completion within 12 months.
• Investment around Rs 150 crore; financing via internal accruals and borrowings.

Audit & reporting

• Limited Review Report on unaudited standalone and consolidated results by KNAV & Co LLP.

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.