Haldyn Glass Limited concluded its 35th Annual General Meeting on September 4, 2026. The gathering focused on governance continuity and shareholder returns for FY26.

The meeting took place at the company’s registered office in Vadodara, Gujarat. It was conducted in accordance with the Companies Act, 2013 and SEBI Listing Obligations and Disclosure Requirements Regulations, 2015.

Key Resolutions

Shareholders approved several ordinary and special business items. The most notable financial outcome was the declaration of a final dividend.

The dividend payout represents a return to shareholders following the adoption of the audited standalone and consolidated financial statements for the financial year ended March 31, 2026.

Governance and Attendance

Mr. Narendra Shetty, Founder Non-Executive Chairman, chaired the proceedings. Other directors present included Managing Director Mr. Tarun Shetty, Non-Executive Non-Independent Director Mr. Rohan Ajila, and Independent Directors Mr. Ajit Shah and Ms. Mona Cheriyam.

Key managerial personnel in attendance included Chief Executive Officer Mr. Niraj Tipre, Chief Financial Officer Mr. Jitendra Karamchandani, and Company Secretary Mr. Dhruv Mehta.

As of the cut-off date of August 28, 2026, the company had 20,273 shareholders. A total of 47 shareholders attended the physical meeting, which included proxies from 11 shareholders and two corporate representations.

Audit and Compliance

The Company Secretary confirmed that there were no qualifications, observations, or adverse remarks in the Statutory Auditors' Report or the Secretarial Auditors' Report. M/s. KNAV & CO. LLP served as the statutory auditor, with Mr. Samir Parmar representing the firm at the meeting. Ashish C. Doshi acted as the secretarial auditor.

E-voting was facilitated through Central Depository Services (India) Limited (CDSL). Remote e-voting ran from August 31, 2026, to September 3, 2026. Mr. Ashish C. Doshi of M/s. SPANJ & ASSOCIATES was appointed as the scrutinizer for both remote e-voting and ballot paper voting.

Shareholder Engagement

During the question-and-answer session, shareholders raised queries regarding audited financials, the company’s future roadmap, and operational aspects. Management representatives provided responses, and member suggestions were recorded.

The meeting concluded at 12:45 pm after the chairman announced that the scrutinizer’s report would be filed with stock exchanges and posted on the company website within statutory timelines.

Haldyn Glass reported a consolidated net profit of ₹1,025.90 lakh for the quarter ended June 30, 2026, marking a 90% year-on-year increase from ₹539.97 lakh in Q1FY25. The growth was fueled by a 21% rise in revenue from operations to ₹1,386.88 lakh, reflecting higher sales volumes and improved operational efficiency in its glass bottle manufacturing segment. This strong financial performance underscores robust demand for quality glass containers and validates the company’s strategic focus on capacity expansion.

The unaudited standalone and consolidated financial results were reviewed by the Audit Committee and approved by the Board of Directors at its meeting held on August 03, 2026. Statutory auditors KNAV & CO. LLP issued a limited review report on the results. The company complied with Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, read with SEBI Circular No. CIR/CF/FAC/62/2016 dated July 05, 2016. The results were published in newspapers including The Financial Express, Business Standard, and Sakal on August 04, 2026.

Financial Performance

Consolidated revenue from operations stood at ₹1,386.88 lakh in Q1FY27, compared to ₹1,150.15 lakh in the corresponding period of FY25. Total income increased to ₹13,957.43 lakh from ₹11,514.83 lakh. Profit before tax reached ₹1,346.29 lakh, up significantly from ₹690.53 lakh in Q1FY25. Operating expenses were managed effectively despite rising employee benefits and inventory changes, with total expenses at ₹1,268.96 lakh.

Standalone net profit was ₹923.91 lakh, up 130% from ₹401.46 lakh in Q1FY25. Standalone basic earnings per share rose to ₹1.72 from ₹0.75. Consolidated basic EPS increased to ₹1.91 from ₹1.00, while diluted EPS stood at ₹1.88 against ₹1.00 in the prior year period.

Capacity Expansion Plan

The Board approved an investment estimated at around ₹150 crore to rebuild, modernize existing capacity, and expand production capabilities. The project aims to add approximately 75 MT of capacity within 12 months from August 03, 2026, barring unforeseen circumstances. Financing will be majorly through internal accruals with the balance via borrowings. This expansion aligns with the company’s strategy to meet growing demand for quality glass containers.

Leadership Changes

Tarun Shetty has been re-appointed as Managing Director for a three-year term starting August 16, 2026, subject to shareholder approval at the 35th Annual General Meeting. Narendra Shetty will step down as Executive Chairman on August 15, 2026, but will continue as Founder Non-Executive Chairman for three years. Both appointments require approval from members at the AGM scheduled for September 04, 2026.

Dividend Recommendation

The Board recommended a dividend of Re. 0.70 per equity share of Re. 1 face value for the financial year ended March 31, 2026. The record date for determining eligibility is fixed as August 28, 2026. This represents a 70% dividend payout ratio. Shareholders must hold the stock on the record date to receive the dividend if declared at the ensuing AGM.