HLE Glascoat Ltd announced that Chief Financial Officer Naveen Kandpal has resigned from his position, effective July 3, 2026. The resignation, attributed to personal reasons, marks the cessation of Kandpal's tenure as CFO and his status as a Key Managerial Personnel (KMP) under Regulation 30(5) of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The change became effective at the close of business hours on July 3, 2026.

The company disclosed the change in a filing submitted to BSE Limited and the National Stock Exchange of India Ltd. The notification referenced Regulation 30 of the SEBI (LODR) Regulations, 2015, and a circular dated November 11, 2024. The resignation letter from Kandpal was enclosed as part of the regulatory submission.

Details of the Change

The filing provided specific details regarding the departure of the CFO. The table below outlines the key particulars of the change as per the regulatory requirements.

Kandpal expressed his gratitude to the promoter directors for their support and guidance during his tenure. He committed to ensuring a smooth transition of his responsibilities during the notice period. The company has requested the stock exchanges to take the information on record.

HLE Glascoat Ltd disclosed that its promoters and persons acting in concert have not encumbered any shares during the financial year ended March 31, 2026. The group holds a total of 4,55,89,060 shares in the company, representing a significant stake without any pledged holdings. This declaration provides clarity regarding the financial standing of the company's primary shareholders.

The disclosure was submitted to the stock exchanges on April 8, 2026, by Aalap Patel, Executive Director of hle glascoat . The filing confirms compliance with Regulation 31(4) of the SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011. The regulation mandates periodic disclosures regarding the encumbrance status of shares held by promoters.

The list of individuals comprising the promoters and promoter group includes Himanshu Patel, Nilesh Patel, Harsh Patel, Aalap Patel, Kishoriben Nilesh Patel, Priti Himanshubhai Patel, and Swara Rajeev Patel. All listed individuals are confirmed as members of the promoter group.

Shareholding Details

The following table outlines the promoters and persons acting in concert who hold shares in the company:

The absence of encumbrance indicates that the promoters have not used their shareholding as collateral to secure loans, which is generally viewed as a positive indicator of corporate governance and financial stability.