HLE Glascoat Limited has informed the Exchange regarding Outcome of Board Meeting held on September 27, 2025 and it is informed that the Board of Directors of the Company, at its meeting held today on September 27, 2025, has allotted 11,89,259 fully-paid up equity shares of Rs.2, to the eligible shareholders of the Transferor Company (other than the Transferee Company whose shares are cancelled) who were holding shares as on the Effective Date, in compliance with the Clause 8 of the Scheme..

HLE Glascoat Limited has allotted 11,89,259 fully-paid equity shares of ₹2 each to eligible shareholders of Kinam Enterprise Private Limited (the Transferor Company) as part of a Scheme of Amalgamation. The shares were issued in a swap ratio of 100 HLE Glascoat shares for every 559 shares of Kinam Enterprise. Additionally, 2 shares were allotted to a trustee to handle fractional entitlements, which will be sold in the market with proceeds distributed within 90 days. Following this allotment, the company's paid-up share capital has risen to ₹13.89 crore, divided into approximately 6.94 crore equity shares of ₹2 each. These new shares will rank equally with existing shares and are pending listing approval on BSE and NSE.