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.

hle glascoat has appointed Darshak Chandarana as Vice President-Operations for its Maroli Unit, effective June 25, 2026. The appointment strengthens the company's operational leadership as it seeks to enhance efficiency and drive growth in its heavy engineering division.

Chandarana holds an Executive MBA in Operations Management from IGNOU and a B.E. in Mechanical Engineering from L.D. College of Engineering. He brings over 23 years of experience in operations management, specializing in streamlining processes and improving operational excellence.

Executive Profile

The company disclosed Chandarana's extensive background in heavy engineering, positioning him to steer operations at the Maroli Unit toward greater efficiency. His appointment was communicated to the stock exchanges pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

The filing, signed by Company Secretary & Compliance Officer Achal S. Thakkar, confirmed that the disclosure of relationships between directors was not applicable for this senior management appointment.