HLEGLASNSEHLE Glascoat LimitedMediumNeutral
Announced Mon, 18 May · 18:51 IST

HLE Glascoat Limited has informed the Exchange about change in Management - Re-appointment of Internal Auditors and Cost Auditors.

Management Changes View source PDF

HLEGLAS · price

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Price reaction · full curve 14 horizons · vs prior close
-0.4%1-day move
₹309.00
prior close
₹304.50
base price
After-mkt
timing
5m10m15m30m1D2D3D4D5D7D15D1M2M3M
+2.3+3.6+3.8+3.5-0.4+4.6+5.5+6.5+7.7+4.3+18.2+21.2+34.7
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AI summary

HLE Glascoat Limited's Board Meeting on 18th May, 2026 approved the Standalone and Consolidated Audited Financial Results for Q4 and the full year ended 31st March, 2026, along with the complete financial statements including Balance Sheet, P&L Account, and Cash Flow Statement. The Board recommended a final dividend of Rs. 1.10 per equity share (55% on Rs. 2 face value) for FY 2025-26, payable after shareholder approval at the 35th AGM. Additionally, the Board re-appointed M/s. CNK & Associates LLP as Internal Auditors for the Anand Unit and M/s. AKMK & Associates for Maroli and Silvassa Units, while M/s. Nanty Shah & Associates was re-appointed as Cost Auditors for 2026-27. The meeting concluded at 5:00 PM after 90 minutes.

Likely market impact

The dividend recommendation and strong financial results signal healthy performance for FY 2025-26, which is positive for shareholders. The routine re-appointment of existing auditors indicates continuity in governance without any red flags.