Sejal Glass Limited has issued a clarification regarding its preferential issue of equity shares and convertible warrants, amending its earlier position on the applicability of SEBI ICDR Regulation 166A. This development comes in response to a query from the National Stock Exchange of India (NSE).

Initial Statement and Subsequent Amendment

Initially, in its postal ballot notice dated September 15, 2025, Sejal Glass stated that SEBI ICDR Regulation 166A was not applicable to its preferential issue. The company's original position was based on the assumption that the allotment would not exceed 5% of the post-issue fully diluted share capital.

However, following the NSE query, Sejal Glass has revised its stance. The company now acknowledges that the preferential issue will result in an allotment exceeding 5% of the post-issue fully diluted share capital, thus necessitating compliance with Regulation 166A.

Compliance Measures Taken

In light of this realization, Sejal Glass has taken the following steps to ensure regulatory compliance:

1. Obtained a clarification to the valuation report from an independent registered valuer.
2. The clarification was provided by Mr. Nitish Chaturvedi, an independent registered valuer (IBBI Reg. No.: IBBI/RV/03/2020/12916).
3. The purpose of this valuation report is to determine the fair price of the equity shares and convertible warrants being issued.

Details of the Preferential Issue

The preferential issue in question involves:

Transparency Measures

To maintain transparency, Sejal Glass has taken the following actions:

1. Posted the clarification to the valuation report on the company's website.
2. The report can be accessed at https://www.sejalglass.co.in/preferential-issue.html

This amendment and subsequent actions demonstrate Sejal Glass's commitment to regulatory compliance and transparency in its corporate actions. Investors and stakeholders are advised to refer to the updated information for a comprehensive understanding of the preferential issue and its implications.

Sejal Glass , a leading architectural glass manufacturer, has reported a significant increase in its financial performance for the quarter ended September 30, 2025. The company's results reflect the impact of its recent acquisition of the architectural glass business from Glasstech Industries (India) Pvt. Ltd.

Financial Highlights

Standalone Performance

• Net sales surged to Rs. 2,510.00 lakhs, up from Rs. 609.95 lakhs in the same quarter last year
• Reported a net loss of Rs. 34.12 lakhs for the quarter

Consolidated Performance

• Consolidated net sales reached Rs. 7,474.53 lakhs, compared to Rs. 616.91 lakhs in the previous year
• Posted a consolidated net profit of Rs. 877.12 lakhs

Key Financial Metrics

Business Acquisition Impact

The company's financial results include the impact of acquiring the architectural glass business of Glasstech Industries (India) Pvt. Ltd. through a Business Transfer Agreement executed on April 10, 2025. This acquisition has significantly expanded Sejal Glass's operational capacity and market presence.

Operational Overview

Sejal Glass operates primarily in the architectural glass manufacturing sector. The company now has an expanded footprint with factories located in Taloja, Maharashtra, and Tirade, Tamil Nadu, following the recent acquisition. The deal included the transfer of plant and machinery, technical know-how, intellectual property rights, brand name, goodwill, customer and vendor relationships, and employees.

Group Structure

The company's consolidated results include:

• One foreign subsidiary: Sejal Glass & Glass Manufacturing Products LLC
• One associate entity: Sejal Glass Ventures LLP

Management Commentary

Ashwin S. Shetty, V.P. Operations & Company Secretary-Compliance Officer, stated, "The Board of Directors has approved the unaudited financial results for the quarter and half year ended September 30, 2025. These results reflect the initial impact of our strategic acquisition, which has significantly expanded our operational capabilities and market reach."

Future Outlook

The substantial increase in consolidated sales and profitability suggests a positive trajectory for Sejal Glass. The integration of the acquired business is expected to drive further growth and operational efficiencies in the coming quarters.

Investors and stakeholders will be keenly watching how Sejal Glass leverages its expanded capabilities to capture market opportunities in the architectural glass sector.

Note: All financial figures are in accordance with Indian Accounting Standards (Ind AS) and have been subject to limited review by the company's statutory auditors.