Glen Industries Limited has scheduled its 19th Annual General Meeting (AGM) for Thursday, August 20, 2026, at 12:00 PM IST via Video Conferencing or Other Audio-Visual Means (VC/OAVM). The meeting is critical for shareholders to approve the audited financial statements for FY26, which reported revenue growth of approximately 19% but faced margin compression due to rising input costs. This procedural step ensures regulatory compliance while allowing investors to vote on key governance matters, including the appointment of statutory auditors and revisions to executive remuneration limits.

The company submitted the notice to BSE Limited on July 29, 2026, in accordance with Regulation 36(1)(b) of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. For shareholders who have not registered their email addresses with the company, Registrar & Share Transfer Agent KFin Technologies Limited, or Depository Participants, the Annual Report and AGM Notice are accessible via web-link and QR code on the company’s website. Remote e-voting will be facilitated by National Securities Depository Limited from August 17 to August 19, 2026.

Financial Performance Context

The AGM serves as the forum to ratify the standalone and consolidated financial results for the fiscal year ended March 31, 2026 (FY26). Glen Industries reported revenue from operations of ₹20,312.61 Lakhs, an increase from the previous year. However, profitability was impacted by higher crude oil prices, which drove material costs to roughly 62% of revenue, up from 57% in FY25. This cost inflation compressed the EBITDA margin from 24% to 19%, keeping absolute EBITDA largely flat at ₹3,906.75 Lakhs. Consequently, profit after tax (PAT) declined to ₹1,650.25 Lakhs from ₹1,822.31 Lakhs in FY25, with earnings per share falling to ₹6.86 from ₹10.39.

Governance and Auditor Appointment

Beyond ordinary business items, such as the re-appointment of Mr. Nikhil Agrawal as a director liable to retire by rotation, the meeting addresses significant governance changes. Shareholders will ratify the appointment of M/s. Tosniwal & Associates as statutory auditors for a five-year term, filling a casual vacancy left by M/s. S N Guha & Co., whose peer review certificate was not renewed by the ICAI. The Board recommends this appointment to ensure continuous audit oversight until the 24th AGM in 2031.

Additionally, special business resolutions seek approval for revised monthly remuneration limits for three executive directors, subject to Section 198 of the Companies Act, 2013. The proposed ceilings are detailed below:

These disclosures were made pursuant to Regulations 30 and 34(1)(a) of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, ensuring transparency in executive compensation and audit governance.

Glen Industries will host one-on-one investor meetings in Mumbai on July 30 and 31, 2026, providing market participants with direct access to company management. The sessions are scheduled from 10:00 AM to 6:00 PM IST each day, allowing for extended interaction periods with investors and analysts. This engagement aims to facilitate transparent communication regarding the company's operational updates and strategic direction.

The disclosure was made pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. Nikhil Agrawal, Managing Director of Glen Industries Limited, signed the intimation letter dated July 27, 2026. The company confirmed that a copy of the notice has been uploaded to its official website for public record.

Meeting Schedule

The investor interactions will take place over two consecutive days in Mumbai, Maharashtra. The schedule is detailed below:

Regulatory Compliance

Glen Industries Limited, formerly known as Glen Industries Pvt. Ltd., is listed on the BSE Ltd under the symbol GLEN with ISIN INE0UMC01019. The company’s registered office is located at Raj Veena, 2nd Floor, 50 A Block C New Alipore, Kolkata. The management team emphasized adherence to all applicable provisions of the Listing Regulations in organizing these events.