HLE Glascoat , a leading manufacturer of process equipment, has successfully completed its amalgamation with Kinam Enterprise Private Limited, marking a significant corporate restructuring move. The merger, which received approval from the National Company Law Tribunal (NCLT), Ahmedabad Bench, became effective on September 1, 2025, with an appointed date of August 7, 2023.

Key Details of the Amalgamation

• Effective Date: September 1, 2025
• Appointed Date: August 7, 2023
• Regulatory Approval: National Company Law Tribunal, Ahmedabad Bench

Expansion of Authorized Share Capital

Following the amalgamation, HLE Glascoat has witnessed a substantial increase in its authorized share capital:

The merger has resulted in the integration of Kinam Enterprise's authorized share capital of Rs. 7,00,00,000 into HLE Glascoat's capital structure.

Corporate Actions and Compliance

HLE Glascoat has taken several steps to ensure compliance with regulatory requirements:

1. The certified copy of the NCLT order was received on August 28, 2025.
2. The order was filed with the Registrar of Companies in form INC-28 on the effective date, September 1, 2025.
3. The company's Memorandum of Association has been amended to reflect the changes in authorized share capital.

Market Impact

The amalgamation is expected to streamline operations and potentially create synergies between the two entities. Investors and market analysts will be closely watching how this corporate restructuring affects HLE Glascoat's financial performance and market position in the coming quarters.

HLE Glascoat continues to be a significant player in the process equipment manufacturing sector. As the integration process unfolds, stakeholders will be keen to see how the company leverages this amalgamation to drive growth and enhance shareholder value in the competitive manufacturing landscape.

HLE Glascoat Limited has completed the acquisition of specific assets of OMERAS GmbH and its subsidiary OMERAS Store GmbH for €2.75 million, marking a significant expansion into infrastructure, architectural, and renewable energy applications. The deal, finalized on August 18, 2025, includes a 21,000 square meter manufacturing facility in Germany, equipment, machinery, the OMERAS brand, technical know-how, inventory, and key management personnel.

Strategic Expansion and Diversification

The acquisition of OMERAS, a company with a 187-year heritage in Germany, allows HLE Glascoat to diversify its portfolio beyond its traditional chemical and pharmaceutical clientele. OMERAS specializes in architectural facades, vitreous enamel coating, and advanced metal processing. Through OMERAS Store, it also markets glass fused to steel tanks and silos, ranging from 8 cubic meters to over 20,000 cubic meters in capacity.

Harsh Patel, Whole-Time Director of HLE Glascoat, stated, "This acquisition is transformational for HLE Glascoat. We are extending our core strength in glass lining from chemical process equipment into infrastructure, architectural, and renewable energy applications."

Financial Outlook and Synergies

OMERAS reported FY2024 revenue of €21.90 million with a 54.30% gross margin but posted a net loss of €0.46 million due to pandemic-related disruptions and surging energy costs in Europe. HLE Glascoat expects the deal to be EPS accretive within 2-3 quarters and targets FY2027 revenue of €20-25 million for OMERAS.

Nilesh Ganjwala, Senior Advisor at HLE Glascoat, commented on the financial aspects: "We are acquiring OMERAS at a value which is less than its inherent asset value. We expect EBITDA margins to be in the mid-teens over the next 1-2 years, which will be broadly in line with the overall profitability profile of our European business."

Market Opportunities and Growth Potential

The acquisition positions HLE Glascoat to capitalize on several market opportunities:

1. European Green Deal: Investments in renewable energy and biogas projects are driving demand for digestion tanks and sustainable construction materials.
2. Water Infrastructure: Global investments in water and wastewater infrastructure are projected to exceed €100 billion annually by 2030.
3. Architectural Applications: Governments worldwide are modernizing transport hubs, tunnels, and clean rooms, creating demand for architectural enamel-coated solutions.

Operational Integration and Future Plans

HLE Glascoat plans to improve OMERAS's capacity utilization, which is currently below 50%. The company will introduce OMERAS products to the Indian market and leverage its global customer network of more than 1,500 companies for cross-selling opportunities.

Aalap Patel, Whole-Time Director, emphasized the quality of acquired assets: "The kind of equipment that they have are state-of-the-art. Many of the equipment are also brand new. We have state-of-the-art laser cutting lines for profile cutting of steel sections, for steel plates."

Conclusion

The acquisition of OMERAS assets represents a strategic move for HLE Glascoat, expanding its product portfolio and geographical reach. With a focus on high-growth sectors like renewable energy and infrastructure, the company is well-positioned to leverage OMERAS's expertise and technology to drive future growth and profitability.

As HLE Glascoat integrates OMERAS into its operations, investors and industry observers will be watching closely to see how this acquisition contributes to the company's long-term strategy and financial performance in the evolving global engineering and technology landscape.