Glen Industries Limited has announced that a promoter group entity has completed another share acquisition, further increasing the overall promoter shareholding. The latest acquisition was completed on March 24, 2026, following previous transactions on March 18, March 19, March 20, and March 23, 2026, with the company informing the BSE about these developments in compliance with regulatory requirements.

Latest Share Acquisition Details

The most recent acquisition was carried out by Lalit Agrawal (HUF), which forms part of the promoter group of Glen Industries Limited. The transaction involved the purchase of shares from public shareholders at prevailing market rates.

Previous Acquisition Transactions

Prior to this latest purchase, the same promoter group entity had acquired shares on four consecutive days, demonstrating continued investment in the company.

Impact on Shareholding Pattern

The consecutive acquisitions have resulted in a gradual increase in the promoter group's stake in the company. The changes reflect the promoter group's continued confidence in the company's prospects.

Regulatory Compliance

Glen Industries Limited has confirmed that all acquisitions have been executed in full compliance with applicable regulations. The company has specifically mentioned adherence to minimum public shareholding requirements as prescribed under SEBI (Issue of Capital and Disclosure Requirements) Regulations, 2018.

The intimations were filed under Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, which mandates disclosure of material events and information that could impact investor decisions. Company Secretary and Compliance Officer Shikha Sureka signed the regulatory filings on behalf of Glen Industries Limited.

Glen Industries Ltd has delivered strong financial results for the quarter ended December 31, 2025, while making substantial progress on its expansion project funded through Initial Public Offering proceeds. The company's Board of Directors reviewed and noted the quarterly performance during their meeting held on January 29, 2026, highlighting sustained growth momentum across business segments.

Financial Performance Overview

The company reported impressive standalone sales performance for Q3FY26, with total revenue from operations reaching ₹4,673.57 lakhs. This represents a significant growth of approximately 19.1% compared to the corresponding quarter of the previous financial year. The strong performance was driven by consistent growth in domestic business operations and stable export performance across international markets.

The nine-month period ended December 31, 2025, also demonstrated strong performance with approximately 15.4% growth compared to the corresponding period of the previous financial year. This sustained growth trajectory reflects the company's effective business strategy and market positioning.

IPO-Funded Project Development

Glen Industries has achieved significant milestones in its expansion project funded through IPO proceeds. The project is progressing according to plan with multiple key developments across various phases of implementation.

Land Development and Regulatory Compliance

The company has successfully completed critical preliminary requirements for the project:

• Land Use Conversion: Successfully converted land use from agricultural to industrial purposes
• Site Preparation: Completed land filling work to prepare the site for construction
• Environmental Clearance: Obtained Consent to Establish (CTE) from the West Bengal Pollution Control Board
• Safety Approvals: Received Fire NOC and Fire Safety Report from West Bengal Fire & Emergency Services
• Power Infrastructure: Completed inspection by WBSMEDCL for bulk power supply arrangements

Construction and Infrastructure Development

The project has progressed to active construction phase with several key activities underway:

Strategic Outlook

The management has expressed confidence in continuing the growth momentum, supported by ongoing capacity expansion initiatives and introduction of new product lines. The company's dual focus on operational excellence and strategic expansion positions it well for sustained growth in upcoming quarters.

Glen Industries will continue monitoring project progress and will keep stock exchanges informed of material developments in compliance with SEBI regulations. The successful execution of both operational performance and expansion projects demonstrates the company's commitment to long-term value creation and market leadership.