HLE Glascoat Limited held its 35th Annual General Meeting on September 30, 2026, entirely through Video Conference and Other Audio Visual Means. The meeting commenced at 11:00 am and concluded at 11:45 am, with 55 members participating remotely.

The Board of Directors presented the audited standalone and consolidated financial statements for FY26. Both the Statutory Auditors' Report and the Secretarial Audit Report were noted to have no qualifications or adverse remarks. Yatish Parekh, Independent Director and Chairman, presided over the session, highlighting the company's operational performance and growth plans.

Key resolutions passed

Members voted on several ordinary and special business items via remote e-voting and live e-voting during the meeting. The key resolutions included:

Director attendance and governance

The meeting was attended by seven directors, including Managing Director Himanshu Patel and Executive Director Aalap Patel. Notably, Independent Director Jayesh Shah was absent due to prior commitments. The company ensured compliance with SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, by facilitating electronic voting from September 27 to September 29, 2026.

The results of the voting are scheduled for declaration upon receipt of the Scrutinizer's report. The company will publish these results on its website and file them with the stock exchanges.

HLE Glascoat Limited appointed Amit Kalra as Chief Financial Officer effective September 25, 2026. The appointment was approved by the Board of Directors during a meeting held on the same date.

Kalra will serve as a Key Managerial Personnel under Regulation 30(5) of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. This role involves determining the materiality of events or transactions for mandatory disclosures to stock exchanges.

Professional background and experience

Kalra holds academic degrees in Engineering from India and Germany, along with an MBA from ESSEC Mannheim Business School. His professional profile highlights approximately 22 years of experience in corporate transformation, cross-border business integration, and large-scale P&L management across India and Europe.

Prior to this role, he served at HLE Glascoat Limited in active governance, business strategy, and P&L oversight for the company and its European subsidiaries. His financial and technical foundation includes a tenure of over nine years with the Hilti Group, where he held positions as Chief Financial Officer (India) and global Business Unit Controller in Liechtenstein.

Previous industrial roles

Kalra’s career includes significant industrial project execution and technology transfer management. Key previous engagements include:

• Umicore AG: Delivered complex greenfield and brownfield industrial expansion projects over a period of approximately four and a half years.
• Qimonda Dresden: Managed international technology transfers.
• CS Clean Systems AG: Worked as a Chemical Engineer focusing on process optimization.

Board meeting details

The Board Meeting commenced at 2:30 pm and concluded at 3:45 pm. The Company Secretary and Compliance Officer, Achal S. Thakkar, confirmed the outcome of the meeting to BSE Limited and National Stock Exchange of India Ltd under Regulation 30 of the SEBI (LODR) Regulations, 2015.