Agarwal Toughened Glass to raise ₹36.73 crore via preferential allotment

Agarwal Toughened Glass India Limited has announced a fund-raising initiative through the preferential allotment of equity shares and warrants to its promoter group. The company will issue a total of 17,46,000 equity shares and 46,80,000 warrants, following approval from shareholders in an Extra Ordinary General Meeting held on May 6, 2026. The total maximum aggregate amount for this issuance is ₹36,73,22,000.

The preferential allotment is directed specifically at members of the promoter and promoter group. The recipients include Mahesh Kumar Agarwal, Sharda Agarwal, Sharda Devi Agarwal, and Palak Agarwal. The company confirmed that no other promoters, directors, or key managerial personnel intend to subscribe to the equity shares or warrants under this current allotment.

Breakdown of Allotment

The distribution of securities among the promoter group members is detailed below. The table outlines the maximum number of equity shares and warrants allotted to each individual along with the corresponding aggregate amounts in ₹.

Sr. No	Particulars	Maximum No. of Equity Shares to be Allotted	Maximum Aggregate Amount (in ₹)	Maximum number of Warrants to be allotted	Maximum Aggregate Amount (in ₹)
1.	Mahesh Kumar Agarwal – Promoter	1,08,000	1,17,72,000	8,40,000	9,15,60,000
2.	Sharda Agarwal - Promoter	96,000	1,04,64,000	7,62,000	8,30,58,000
3.	Sharda Devi Agarwal - Promoter Group	78,000	85,02,000	4,50,000	4,90,50,000
4.	Palak Agarwal - Promoter Group	48,000	52,32,000	3,60,000	3,92,40,000

The intimation was submitted to the National Stock Exchange of India Limited in compliance with Regulation 30 of the SEBI (Listing Obligation and Disclosure Requirement) Regulations, 2015. Anita Agarwal, Managing Director of Agarwal Toughened Glass India Limited, signed the disclosure on June 17, 2026.

1 Day	5 Days	1 Month	6 Months	1 Year	5 Years
-0.88%	+1.43%	-2.73%	-1.03%	-2.20%	-12.17%

Agarwal Toughened Glass India Limited reported a 42.3% rise in net profit to ₹2,159.75 lakh for the financial year ended March 31, 2026, compared to ₹1,517.20 lakh in the previous year. Total revenue for the period surged 71.7% to ₹10,006.27 lakh, up from ₹5,830.28 lakh in FY25, primarily driven by a 71.6% increase in revenue from operations to ₹9,492.39 lakh. The board approved the audited standalone financial results in a meeting held on May 28, 2026.

The company’s total expenses for FY26 stood at ₹7,038.95 lakh, a significant increase from ₹3,980.61 lakh in the prior year, largely due to higher costs of material consumed and employee benefits. Profit before tax for the year rose 60.4% to ₹2,967.32 lakh. Earnings per share (EPS) for the year increased to ₹12.22 from ₹8.58 in the previous year.

Financial Performance

The statement of assets and liabilities as of March 31, 2026, showed total assets increasing to ₹14,845.41 lakh from ₹13,238.10 lakh a year earlier. Shareholders' funds grew to ₹11,582.66 lakh, driven by an increase in reserves and surplus to ₹9,815.20 lakh. Current assets rose to ₹11,119.62 lakh, while inventories and trade receivables saw substantial increases to ₹2,940.60 lakh and ₹3,454.35 lakh, respectively.

Metric	FY26 (₹ in Lakhs)	FY25 (₹ in Lakhs)
Total Revenue	10,006.27	5,830.28
Net Profit	2,159.75	1,517.20
Total Expenses	7,038.95	3,980.61
Profit Before Tax	2,967.32	1,849.67
Earnings Per Share	12.22	8.58

IPO Fund Utilization

The company provided a certificate regarding the utilization of proceeds from its Initial Public Offering (IPO), which aggregated ₹6,263.56 lakh. As of March 31, 2026, the company had utilized ₹5,165.12 lakh of the total proceeds, leaving a balance of ₹398.45 lakh. The funds were allocated towards machinery purchase, repayment of borrowings, working capital requirements, and general corporate purposes.

M/s Jethani & Associates, Chartered Accountants, issued an unmodified opinion on the audited financial results. The cash flow statement indicated a net decrease in cash and cash equivalents of ₹2,322.60 lakh during the year, with closing balances standing at ₹1,064.59 lakh.