HLE Glascoat updates authorized capital after Kinam Enterprise amalgamation

HLE Glascoat Limited has disclosed further details regarding the scheme of amalgamation with Kinam Enterprise Private Limited, effective September 1, 2025. The certified order sanctioning the amalgamation from the National Company Law Tribunal, Ahmedabad Bench, was received on August 28, 2025, and subsequently filed with the Registrar of Companies. The appointed date for the amalgamation is August 7, 2023.

A key amendment to the Memorandum of Association reflects the merger of the Transferor Company's authorized share capital of Rs.7,00,00,000. Consequently, HLE Glascoat's authorized share capital now stands at Rs.27,60,00,000. This is divided into 12,50,00,000 equity shares of Rs.2/- each and 26,00,000 preference shares of Rs.10/- each.