HLE Glascoat Limited has fulfilled its regulatory compliance obligations by submitting the confirmation certificate under Regulation 74(5) of Securities and Exchange Board of India (Depositories and Participants) Regulations, 2018 for the quarter ended March 31, 2026.

Regulatory Compliance Submission

The company submitted the required documentation to both BSE Limited and National Stock Exchange of India Limited on April 17, 2026. The submission was made through the company's registrar and share transfer agent, MUFG Intime India Private Limited, formerly known as Link Intime India Private Limited.

Registrar Confirmation Details

MUFG Intime India Private Limited confirmed compliance with dematerialization processes during the quarter. The registrar verified that securities received from depository participants for dematerialization were properly confirmed to depositories within prescribed timelines. The confirmation also stated that security certificates received for dematerialization were mutilated and cancelled after due verification, with depositories' names substituted in the register of members as registered owners.

Corporate Compliance Framework

The certificate submission demonstrates the company's adherence to SEBI's regulatory framework governing depositories and participants. Achal S Thakkar, Company Secretary and Compliance Officer, signed the submission documents on behalf of HLE Glascoat Limited. The registrar's confirmation was signed by Ashok Shetty, Senior Vice President-Corporate Registry at MUFG Intime India Private Limited.

Stock Exchange Communication

The company communicated with both major Indian stock exchanges as part of the compliance process. BSE Limited received the submission for scrip code 522215, while National Stock Exchange of India Limited received it for symbol HLEGLAS. This dual submission ensures comprehensive regulatory compliance across both trading platforms where the company's securities are listed.

HLE Glascoat Limited has successfully commissioned its captive power generation facility on March 13, 2026, marking a significant milestone in the company's sustainability initiatives. The facility comprises both solar and wind power components, designed to optimize energy costs and ensure reliable power supply for the company's operations.

Power Generation Capacity

The captive power facility includes dual renewable energy sources to maximize power generation efficiency:

Project Implementation

The company has established this facility through Clean Max Anchorage Private Limited, demonstrating its commitment to renewable energy adoption. The project represents a strategic move towards energy independence and cost optimization for HLE Glascoat's manufacturing operations.

Financial and Operational Impact

According to the company's regulatory filing, the commissioning of this captive power generation facility is expected to deliver several operational benefits:

• Optimization of energy costs for manufacturing operations
• Ensuring sustainable and reliable power supply
• Enhanced energy security for business continuity

The company has indicated that there are no material financial implications at this stage of the project commissioning.

Regulatory Compliance

This development follows the company's initial intimation dated November 11, 2024, and subsequent communications regarding the project progress. The announcement has been made in compliance with Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, ensuring transparency with stakeholders and regulatory authorities.

The commissioning of this renewable energy facility positions HLE Glascoat Limited to benefit from sustainable power generation while potentially reducing long-term operational costs through clean energy adoption.