Glen Industries Limited , a recently listed company on the BSE SME platform, has announced its unaudited financial results for the half-year ended September 30, 2025. The company has shown significant growth in revenue while maintaining a strong profit position.

Financial Highlights

The company's revenue from operations saw a notable increase of 13.6% year-over-year, rising from Rs 8,413.79 lacs in H1 FY2025 to Rs 9,555.80 lacs in H1 FY2026. This growth demonstrates the company's ability to expand its business operations effectively.

Despite the revenue growth, net profit experienced a slight decline of 2.3%, from Rs 850.24 lacs in the previous year to Rs 830.55 lacs in the current period. The basic earnings per share (EPS) also decreased from Rs 4.84 to Rs 3.45, which may be attributed to the increased number of shares following the company's recent IPO.

Recent IPO and Listing

Glen Industries Limited completed its Initial Public Offering (IPO) and was listed on the SME platform of BSE on July 15, 2025. The IPO involved the issuance of:

• 63,43,200 equity shares at a premium of Rs 87 each
• 1,53,600 shares under the employee quota at a premium of Rs 82 each

This successful listing marks an important milestone for the company, providing it with additional capital for growth and expansion.

Project Location Change

In a strategic move, the Board of Directors has approved a change in the location of the company's proposed new project. The project, initially planned for Purba Bardhaman, will now be situated in Mouza-Patinan, West Bengal. This decision was made after careful consideration of commercial, operational, and strategic factors, potentially aimed at optimizing the project's effectiveness and efficiency.

Board Meeting and Audit Review

The Board of Directors met on November 4, 2025, to approve the unaudited financial results for the half-year ended September 30, 2025. The meeting commenced at 5:00 p.m. (IST) and concluded at 6:00 p.m. (IST).

The financial results were subject to a limited review by the company's statutory auditors, M/s S N Guha & Co., Chartered Accountants. The auditors' report states that nothing has come to their attention that causes them to believe that the financial results do not present a true and fair view in accordance with the applicable accounting standards and other recognized accounting practices.

Glen Industries Limited continues to demonstrate growth in its operations, and with its recent listing and strategic decisions, the company appears to be positioning itself for future expansion and development in the market.

Glen Industries has taken a significant step towards expanding its production capabilities by conducting a groundbreaking ceremony for its new manufacturing facility. The company, known for its packaging solutions, is set to increase its production capacity for three key product lines: paper cups, plastic food containers by injection, and plastic food containers by thermoforming.

Expansion Aligns with Growth Strategy

The groundbreaking ceremony, officially referred to as 'Bhumi Pujan' in the company's regulatory filing, marks the commencement of the project's development. This expansion is in line with Glen Industries' broader growth strategy, signaling the company's commitment to meeting increasing market demands and enhancing its manufacturing capabilities.

New Facility Details

The new manufacturing facility is expected to play a crucial role in Glen Industries' production landscape:

1. Paper Cups: Increased capacity for eco-friendly packaging solutions
2. Plastic Food Containers (Injection Molding): Enhanced production of durable food storage options
3. Plastic Food Containers (Thermoforming): Expanded capability for versatile packaging products

Regulatory Compliance and Transparency

In compliance with Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, Glen Industries has duly informed the BSE Ltd about this development. The company has committed to providing further updates on the project's progress and significant milestones as they occur, ensuring transparency with its stakeholders.

Management's Perspective

Nikhil Agrawal, Managing Director of Glen Industries Limited, signed off on the regulatory filing, underlining the importance of this expansion in the company's strategic plans. While specific comments from the management were not provided, the initiation of this project reflects the company's proactive approach to growth and market positioning.

Looking Ahead

As Glen Industries embarks on this expansion journey, investors and industry observers will be keen to monitor the project's development and its potential impact on the company's market presence and financial performance. The successful completion and operationalization of this new facility could significantly enhance Glen Industries' production capabilities and potentially its market share in the packaging industry.

Glen Industries continues to trade on the BSE under the EQ series. Stakeholders are advised to stay tuned for future updates as the company progresses with its expansion plans.