HLE Glascoat Limited has submitted the Exchange a copy Srutinizers report of Annual General Meeting held on September 26, 2025
HLEGLAS · price
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HLE Glascoat Limited held its 34th Annual General Meeting on September 26, 2025, via video conferencing, where all eight resolutions were passed by shareholders. Key items included adoption of audited financial statements for FY25, declaration of a dividend of Rs. 1.1 per share (55%) on a face value of Rs. 2, re-appointment of Mr. Nilesh Patel as director (retiring by rotation), and re-appointments of Mr. Himanshu Patel as Managing Director, Mr. Aalap Patel as Executive Director, and Mr. Harsh Patel as Whole-time Director. The company also appointed M/s. N. M. & Co. as Secretarial Auditors for five years (FY 2025-26 to FY 2029-30) and approved remuneration to Cost Auditors for FY 2025-26. Around 74.67% of outstanding equity shares were polled. The three executive director re-appointments saw notably weaker support (~95% in favour) compared to other resolutions (~99.99%), with public institutions voting roughly 50-50 against these appointments.
All resolutions were approved, confirming the dividend and board continuity for shareholders. The relatively lower approval (~95%) for executive director re-appointments — driven by public institutional dissent — is a watchpoint but is unlikely to affect day-to-day operations. Shareholders can expect the Rs. 1.1 per share dividend to be credited as per the company's announced schedule.