Haldyn Glass Limited has paid the regulatory fine of ₹11,800 to BSE Limited for non-compliance with board meeting intimation requirements under SEBI listing regulations. The company made the payment on December 31, 2025, while continuing to pursue a waiver application with detailed justifications.

Fine Payment and Regulatory Update

The company disclosed the fine payment through a regulatory filing dated January 02, 2026, in continuation of its earlier disclosure from December 16, 2025. This follows the BSE's email communication dated December 15, 2025, citing delay in furnishing prior intimation about board meetings under Regulation 29(2)/29(3) of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Company's Dual Approach Strategy

Haldyn Glass Limited has adopted a two-pronged approach to address the regulatory matter. While ensuring compliance by paying the imposed fine amount, the company has simultaneously submitted a waiver application to BSE with detailed justifications. This strategy demonstrates the company's commitment to regulatory compliance while seeking relief from the penalty through proper channels.

Financial and Operational Impact

The financial impact on Haldyn Glass Limited remains minimal, limited to the fine amount of ₹11,800 now paid to BSE. The company has confirmed that there is no other quantifiable monetary impact on its financial, operational, or other activities beyond this penalty amount. The payment ensures the company maintains its good standing with the stock exchange while the waiver application remains under consideration.

Corporate Governance and Compliance

The disclosure was authorized by Dhruv Mehta, Company Secretary and Compliance Officer (ACS-46874), ensuring proper regulatory compliance and transparency. The company operates from its corporate office in Mumbai and registered office in Gujarat, continuing its business activities in the glass and glass products sector while maintaining adherence to SEBI listing regulations.

Haldyn Glass Ltd. has released its fourth quarter financial results, showcasing a mixed performance with improvements in profitability metrics despite a marginal decline in revenue.

EBITDA and Margin Improvement

The company reported a notable increase in its Earnings Before Interest, Taxes, Depreciation, and Amortization (EBITDA) for Q4. EBITDA rose to ₹148.90 crore from ₹140.20 crore in the same quarter of the previous year, marking a 6.20% year-over-year growth. This improvement in EBITDA was accompanied by an expansion in the EBITDA margin, which increased to 17.81% from 16.65% in the corresponding period last year.

Revenue Performance

Despite the positive trend in profitability, Haldyn Glass experienced a slight dip in its top line. The company's revenue for the quarter stood at ₹836.10 crore, down marginally from ₹842.00 crore reported in the same quarter of the previous year, representing a decrease of approximately 0.70%.

Net Profit Analysis

The consolidated net profit for Q4 was reported at ₹45.00 crore. While this figure shows a decline from ₹68.00 crore recorded in the same quarter of the previous year, it represents an improvement from the ₹39.80 crore reported in the preceding quarter. The year-over-year decrease in net profit stands at about 33.82%, while the quarter-over-quarter increase is approximately 13.07%.

Financial Performance Overview

To better visualize the company's Q4 performance, here's a summary of the key financial metrics:

*QoQ revenue not provided in the given data

The financial results indicate that Haldyn Glass has managed to improve its operational efficiency, as evidenced by the higher EBITDA and improved EBITDA margin, despite facing challenges on the revenue front. The company's ability to enhance profitability metrics in a quarter with slightly reduced revenue suggests effective cost management and operational optimization strategies.

While the year-over-year net profit has decreased, the sequential improvement from the previous quarter points to a potential recovery trend. Investors and analysts may be keen to watch how Haldyn Glass builds on these results in the coming quarters, particularly in terms of revenue growth and sustaining the improved EBITDA performance.