Meeting Details

  • Type of Meeting: 35th Annual General Meeting (AGM)
  • Date: September 30, 2026
  • Time: 11:00 AM to 11:45 AM IST
  • Mode: Conducted through Video Conferencing (VC) / Other Audio Visual Means (OAVM)
  • Record Date: September 23, 2026

Proposed Resolutions and Implications

The AGM considered and approved five resolutions:

1. Ordinary Resolution: To receive, consider and adopt: a) the Audited Standalone Financial Statements for the year ended March 31, 2026, with Reports of the Board of Directors and Auditors; and b) the Audited Consolidated Financial Statements for the year ended March 31, 2026, with the Report of the Auditors.

2. Ordinary Resolution: To declare dividend of Rs. 1.10 (55%) per equity share having face value of Rs. 2 each for the financial year ended March 31, 2026.

3. Ordinary Resolution: To appoint a Director in place of Mr. Harsh Patel (DIN: 00141863), who retires by rotation and offered himself for reappointment.

4. Special Resolution: To approve the continuation of Directorship of Mr. Yatish Parekh (DIN: 00168488) as an Independent Director upon attaining the age of seventy-five years.

5. Ordinary Resolution: To approve remuneration payable to Cost Auditors for financial year 2026-2027.

Voting Process and Methods

  • Remote e-voting period: September 27, 2026 (9:00 AM IST) to September 29, 2026 (5:00 PM IST)
  • E-voting during AGM: Available during the meeting and fifteen minutes after the AGM
  • Scrutinizer: Nimish Mehta of N.M. & Co. (Membership No. 6270, CP No. 9651)
  • Scrutinizer appointment date: August 10, 2026
  • Voting service provider: MUFG Intime India Private Limited

Key Voting Outcomes

Overall Participation

  • Total shareholders on record date: 70,262
  • Shareholders attended through video conferencing: Promoters (4), Public (51)
  • Total votes cast: 48,086,987 shares (69.235% of outstanding shares)
  • Total outstanding shares: 69,454,739

Resolution-wise Results

Resolution 1 (Ordinary - Financial Statements)

  • Total votes in favor: 48,086,972 (100.00% of votes polled)
  • Votes against: 15 (0.00% of votes polled)
  • Result: Passed

Resolution 2 (Ordinary - Dividend Declaration)

  • Total votes in favor: 48,086,972 (100.00% of votes polled)
  • Votes against: 15 (0.00% of votes polled)
  • Result: Passed

Resolution 3 (Ordinary - Director Reappointment)

  • Total votes in favor: 48,086,967 (100.00% of votes polled)
  • Votes against: 20 (0.00% of votes polled)
  • Result: Passed

Resolution 4 (Special - Independent Director Continuation)

  • Total votes in favor: 48,086,972 (100.00% of votes polled)
  • Votes against: 15 (0.00% of votes polled)
  • Result: Passed

Resolution 5 (Ordinary - Cost Auditor Remuneration)

  • Total votes in favor: 48,086,972 (100.00% of votes polled)
  • Votes against: 15 (0.00% of votes polled)
  • Result: Passed

Category-wise Voting Breakdown

Promoter and Promoter Group

  • Shares held: 38,643,586
  • Votes polled: 38,642,136 (99.9962% of shares held)
  • All votes in favor across all resolutions (100% approval)

Public Institutions

  • Shares held: 4,405,843
  • Votes polled: 2,008,169 (45.5797% of shares held)
  • All votes in favor across all resolutions (100% approval)

Public Non-Institutions

  • Shares held: 26,405,310
  • Votes polled: 7,436,682 (28.1636% of shares held)
  • Nearly all votes in favor with minimal opposition (15-20 votes against across resolutions)

Scrutinizer's Role and Findings

  • Scrutinizer: Nimish Mehta of N.M. & Co. Practicing Company Secretaries
  • Report issuance date: October 1, 2026
  • Confirmed no instance of duplicate voting
  • Verified that remote e-voting and e-voting during AGM were properly conducted
  • Electronic data and records handed over to Company Secretary for safe keeping
  • Witnesses present during unblocking: Chaitali Shirodkar and Varsha Shah

Compliance Confirmation

  • Compliance with Regulation 44 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015
  • Compliance with Section 109 of the Companies Act, 2013 and Rule 21(2) of the Companies (Management and Administration) Rules, 2014

Additional Information

  • Company website: www.hleglascoat.com