HLE Glascoat has scheduled its 35th Annual General Meeting for September 30, 2026. The company intends to seek shareholder approval for a final dividend of ₹1.10 per equity share for FY26, alongside key board appointments.

The Board of Directors issued the intimation in compliance with Regulation 30 of the SEBI (Listing Obligations & Disclosure Requirements) Regulations, 2015. The meeting will be conducted through Video Conferencing or Other Audio Visual Means (OAVM) starting at 11:00 am.

Key Dates and Timelines

Shareholders must hold shares on the record date to be eligible for the proposed dividend. The register of members will remain closed from September 24, 2026, to September 30, 2026, both days inclusive.

Agenda Highlights

The AGM agenda includes ordinary business items such as the adoption of audited standalone and consolidated financial statements for the year ended March 31, 2026. Additionally, shareholders will vote on the reappointment of Mr. Harsh Patel as a Director retiring by rotation.

Special business items include:

• Continuation of Mr. Yatish Parekh as an Independent Director upon attaining the age of 75 years, subject to a Special Resolution.
• Approval of remuneration of ₹1,00,000 to Cost Auditors for the financial year ending March 31, 2027.

E-Voting Process

The e-voting cut-off date is set for September 23, 2026. Remote e-voting will commence at 9:00 am on Sunday, September 27, 2026, and conclude at 5:00 pm on Tuesday, September 29, 2026. Shareholders may also vote electronically during the AGM proceedings.

CS Nimish Mehta, a Practising Company Secretary based in Mumbai, has been appointed as the scrutinizer for the voting process. The dividend proposal and director appointments remain subject to final approval by shareholders at the meeting.

HLE Glascoat disclosed a proposed inter-se transfer of 10.00% of its equity share capital amongst promoters on August 24, 2026. The transaction involves a gift of shares from Mr. Niles Khushalbhai Patel to his son, Mr. Aalap Niles Patel.

The acquisition falls under Regulation 10(1)(a)(i) of the SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011, which exempts transfers among immediate relatives from open offer requirements. No consideration is involved in this private family arrangement.

Transaction Details

Mr. Aalap Niles Patel proposes to acquire 69,45,474 equity shares from his father, Mr. Niles Khushalbhai Patel. The proposed date of acquisition is on or after August 31, 2026. As per the disclosure, both parties are promoters and immediate relatives.

Shareholding Impact

The transfer alters the individual shareholding patterns within the promoter group while keeping the total promoter holding constant at 65.65%.

Other members of the promoter group, including Himanshu Khushalbhai Patel (24.47%) and Harsh Himanshu Patel (12.75%), retain their existing stakes. The company confirmed compliance with all disclosure requirements under Chapter V of the Takeover Regulations for the preceding three years.