HLE Glascoat Ltd

AGM Details

• AGM held on Sep 30, 2026 at 11:00 a.m. via VC/OAVM; concluded 11:45 a.m.
• Remote e-voting ran Sep 27–29, 2026; AGM voting until 15 minutes post-conclusion.
• 55 Members attended via VC.
• In attendance: CFO and Company Secretary.
• Scrutinizer for e-voting: Nimish Mehta, M/s N.M. & Co.

Key Resolutions

• Adopt standalone and consolidated financial statements for the year ended March 31, 2026.
• Declare dividend of ₹1.10 per equity share (55%) for FY ended March 31, 2026.
• Reappoint Harsh Patel as Director on rotation.
• Continue Yatish Parekh as Independent Director beyond age 75.
• Approve remuneration payable to Cost Auditors for FY 2026-27.

Voting Status

• Results to be declared on Scrutinizer's report.
• Resolutions deemed passed upon declaration of results.
• No dissent details provided in the filing.

Directors & Auditors

• Director changes: Harsh Patel retires by rotation; reappointment proposed.
• Yatish Parekh to continue as Independent Director beyond age 75.
• Statutory audit reports had no qualifications; taken as read.
• Cost Auditor remuneration approved for FY 2026-27.
• Scrutinizer: Nimish Mehta of M/s N.M. & Co., appointed for e-voting.

HLE Glascoat Ltd – Trading Window closed from October 1, 2026; will open 48 hours after the announcement of the Unaudited Financial Results (UFR) of the Company for the quarter ending on September 30, 2026

Key Management Appointment

• Amit Kalra appointed Chief Financial Officer, effective 25 September 2026.
• Designated as KMP for materiality determinations under Regulation 30(5) SEBI LODR.
• Profile: 22 years’ experience; CFO India at Hilti; governance and P&L oversight.
• Earlier roles include leadership at Umicore and Qimonda, with international expansion exposure.

Transaction details

• Acquirer from promoter group acquired 69,45,474 shares (10.00%) via inter-se transfer by gift.
• Exemption: Regulation 10(1)(a)(i) of Takeover Regulations.
• Disclosures under Regulation 10(5) were filed within the specified timeline.
• Acquirer: promoter-group member.
• Transferor: promoter-group member.
• Pre-transaction holdings: Acquirer 1.36%; Seller 24.77%.
• Post-transaction holdings: Acquirer 11.36%; Seller 14.77%.
• Public shareholding unaffected.
• Total promoter group stake remains 65.65%.
• Consideration: not applicable as gift.
• Change in promoter-group structure: intra-group rebalancing; no overall control change.

Disclosure details

• Target Company: HLE Glascoat Limited.
• Seller: Nilesh K. Patel; Acquirer: Aalap Nilesh Patel—both promoter group.
• Transaction Type: Disposal of shares within promoter group.
• Pre-Transaction Holding: 1,72,06,114 shares (24.77%).
• Transaction Details: Sold 69,45,474 shares (10.00%), via inter-se transfer by gift among relatives.
• Post-Transaction Holding: 1,02,60,640 shares (14.77%).
• Date of sale: September 10, 2026.
• Pre-transaction equity capital: 6,94,54,739 shares (INR 13,89,09,478).
• Post-transaction equity capital: 6,94,54,739 shares (INR 13,89,09,478).
• Total diluted capital after: 6,94,54,739 shares (INR 13,89,09,478).

Transaction parties & listing

• Target: HLE Glascoat Limited.
• Acquirer: Aalap Nilesh Patel; promoter group member.
• Acquirer belongs to promoter/promoter group.
• Stock exchanges: BSE and NSE.

Holding and pre/post details

• Before: voting rights 9,44,165; 1.36%.
• Acquired voting rights: 69,45,474 (10%).
• Post: voting rights 78,89,639; 11.36%.
• Encumbrances: Nil.
• Equity share capital before: 6,94,54,739 shares of ₹2.
• Equity share capital after: 6,94,54,739 shares of ₹2.
• Total diluted share/voting capital after: 6,94,54,739.

Acquisition mode and date

• Mode: inter-se transfer within promoter group by gift.
• Date: September 10, 2026.
• Salient features: Not Applicable.

Transaction details

• Type: Inter-se transfer among promoter group via gift.
• Exemption: Regulation 10(1)(a)(i) of Takeover Regulations.
• Acquirer and transferor: promoter group members.
• Shares acquired: 69,45,474 shares, 10.00% of equity.
• Consideration: gift; no monetary consideration.
• Pre-transaction holdings: Acquirer 9,44,165 shares (1.36%); Transferor 1,72,06,114 (24.77%).
• Post-transaction holdings: Acquirer 78,89,639 shares (11.36%); Transferor 1,02,60,640 (14.77%).
• Promoter group total holding remains 65.65%.
• Change in control: no material change; intra-group transfer.
• SEBI exemption order: none.