Board Meeting Details
The Board Meeting was held on August 10, 2026, commencing at 3:30 p.m. and concluding at 5:00 p.m.
Key Decisions Approved
1. Unaudited Standalone and Consolidated Financial Results for the quarter ended June 30, 2026 along with Limited Review Report of the Auditors
2. Notice of the 35th Annual General Meeting of the Company, with authorization to Executive Directors to decide day, date, time, venue/mode of convening AGM, and cut-off and book closure dates for AGM and dividend payment
3. Continuation of Directorship of Mr. Yatish Parekh (DIN: 00168488), Chairperson and Independent Director, who will be attaining 75 years during his current tenure, subject to shareholder approval at ensuing AGM
Standalone Financial Results (Quarter Ended June 30, 2026)
Revenue from Operations: ₹15,088.09 lakh
Other Income: ₹1,122.00 lakh
Total Income: ₹16,210.09 lakh
Expenses Breakdown:
- Cost of materials consumed: ₹7,833.75 lakh
- Changes in inventories: (₹50.57) lakh
- Power and fuel: ₹540.22 lakh
- Labour charges: ₹1,659.33 lakh
- Employee benefits expense: ₹1,671.10 lakh
- Finance costs: ₹703.40 lakh
- Depreciation and amortization: ₹438.51 lakh
- Other expenses: ₹1,964.44 lakh
Total Expenses: ₹14,760.18 lakh
Profit before tax: ₹1,449.91 lakh
Tax Expense: ₹350.19 lakh (Current tax), (₹8.23) lakh (Deferred tax)
Profit for the period: ₹1,107.95 lakh
Earnings Per Share (Face value ₹2):
- Basic EPS: ₹1.60
- Diluted EPS: ₹1.60
Paid-up Equity Share Capital: ₹1,389.09 lakh
Consolidated Financial Results (Quarter Ended June 30, 2026)
Revenue from Operations: ₹30,075.09 lakh
Other Income: ₹169.95 lakh
Total Income: ₹30,245.04 lakh
Expenses Breakdown:
- Cost of materials consumed: ₹13,502.13 lakh
- Changes in inventories: (₹1,418.30) lakh
- Power and fuel: ₹1,118.26 lakh
- Labour charges: ₹2,593.21 lakh
- Employee benefits expense: ₹7,470.88 lakh
- Finance costs: ₹836.18 lakh
- Depreciation and amortization: ₹989.93 lakh
- Other expenses: ₹4,715.96 lakh
Total Expenses: ₹29,808.25 lakh
Profit before tax: ₹436.79 lakh
Tax Expense: ₹480.40 lakh (Current tax), (₹248.99) lakh (Deferred tax)
Profit for the period: ₹205.38 lakh
Earnings Per Share (Face value ₹2):
- Basic EPS: ₹0.40
- Diluted EPS: ₹0.40
Profit Attribution:
- Owners of the company: ₹277.46 lakh
- Non-controlling interest: (₹72.08) lakh
Segment-wise Performance (Consolidated)
Revenue by Segment:
- Filtration, Drying and Other Equipment: ₹9,680.58 lakh
- Glass Lined Products: ₹19,312.79 lakh
- Heat Transfer Equipment: ₹1,055.37 lakh
- Unallocable Revenue: ₹26.35 lakh
Segment Results (Profit before Interest and Tax):
- Filtration, Drying and Other Equipment: ₹1,165.19 lakh
- Glass Lined Products: ₹620.73 lakh
- Heat Transfer Equipment: (₹406.73) lakh
Subsidiaries Included in Consolidation
The consolidated results include: Thaletec GmbH, Thaletec USA Inc., Kinam Engineering Industries Private Limited, Kinam Process Equipment Private Limited, Thaletec LLP, HLE Surface Technologies GmbH, Omerastore GmbH, and HLE International S.a.r.l.
Amalgamation Impact
The National Company Law Tribunal, Ahmedabad Bench approved the Scheme of Amalgamation of Kinam Enterprise Private Limited with HLE Glascoat Limited effective from August 7, 2023 (order dated August 14, 2025). The company issued and allotted 11,89,259 equity shares of ₹2 each to shareholders of Kinam Enterprise. Comparative figures have been restated accordingly.
Auditor Review
MM Nissim & Co LLP conducted limited review of both standalone and consolidated financial results and found no material misstatements. The review was performed under SRE 2410 standards.