HLE Glascoat Limited has informed the Exchange regarding Proceedings of the 34th Annual General Meeting held on September 26, 2025
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HLE Glascoat held its 34th AGM on September 26, 2025, via video conference from 12:00 noon to 12:30 p.m., with 44 members attending. Mr. Yatish Parekh (Independent Director) chaired the meeting, with all key directors including MD Himanshu Patel, Executive Director Aalap Patel, and Whole-Time Director Harsh Patel present. Eight resolutions were tabled, including adoption of FY25 audited financial statements (standalone and consolidated), declaration of a 55% dividend (Rs. 1.10 per share on face value of Rs. 2), reappointment of three executive directors, and appointment of secretarial auditors for five years (FY26-FY30). Both the statutory and secretarial auditors reported no qualifications or adverse remarks. Voting results will be declared after the Scrutinizer's Report is received.
Shareholders can expect a Rs. 1.10 per share dividend for FY25, subject to approval. Continuity of the existing management team is being sought through director reappointments, and the clean audit reports signal no governance red flags.