Haldyn Glass Limited has received a regulatory fine from BSE Limited for non-compliance with board meeting intimation requirements under SEBI listing regulations. The company disclosed this development through a regulatory filing dated December 16, 2025, pursuant to Regulation 30 of SEBI Listing Regulations.

Fine Details and Violation

The BSE imposed the fine through an email communication dated December 15, 2025, citing delay in furnishing prior intimation about board meetings. The violation specifically relates to non-compliance with Regulation 29(2)/29(3) of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Financial Impact Assessment

According to the company's disclosure, the financial impact on Haldyn Glass Limited's operations is minimal, limited to the fine amount of ₹11,800 payable to BSE if not waived. The company has specifically stated that there is no other quantifiable monetary impact on its financial, operational, or other activities beyond this penalty amount.

Company's Response and Next Steps

Haldyn Glass Limited has informed that it is actively addressing the regulatory matter by preparing an application to BSE with detailed justifications. The company has requested a waiver of the fine imposed by the stock exchange, indicating its intention to contest or seek relief from the penalty.

The disclosure was signed by Dhruv Mehta, Company Secretary and Compliance Officer (ACS-46874), ensuring proper authorization and compliance with regulatory disclosure requirements. The company maintains its corporate office in Mumbai and registered office in Gujarat, continuing its operations in the glass and glass products sector.

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.