Notice of 34th Annual General Meeting
HALDYNGL · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Awaiting price reaction for this filing.
Haldyn Glass Limited has called its 34th Annual General Meeting on Tuesday, September 16, 2025 at 11:30 a.m. at Village Gavasad, Vadodara. Shareholders will consider adopting the FY25 audited standalone and consolidated financial statements and approving a final dividend of ₹0.70 per equity share (70%) on shares of face value ₹1, recommended by the Board. The notice also seeks approval to re-appoint Mr. Rohan Ajila (rotational director), appoint Mr. Ashish C. Doshi as Secretarial Auditor for five years (FY26–FY30) at ₹2.4 lakh per annum plus GST, and re-appoint 85-year-old founder Mr. Narendra Shetty as Executive Chairman for one year (Aug 16, 2025 – Aug 15, 2026) at ₹9 lakh per month plus up to 1% commission on net profits. FY25 revenue rose to ₹381.60 crore from ₹298.77 crore in FY24, but net profit after tax fell to ₹12.97 crore from ₹18.76 crore. The e-voting window runs from September 12, 2025 (9 a.m.) to September 15, 2025 (5 p.m.), with the cut-off date of September 9, 2025 and dividend payment on or after September 22, 2025.
The ₹0.70 dividend offers a steady payout to shareholders, but the sharp drop in net profit despite higher revenue signals margin pressure worth watching. Re-appointment of the founder-promoter as Executive Chairman ensures leadership continuity, while the high remuneration for an 85-year-old chairman may draw shareholder scrutiny.