HLE Glascoat shareholders approve financials, most director re-appointments

HLE Glascoat Limited's 34th Annual General Meeting, held on September 26, 2025, saw shareholders overwhelmingly approve the audited standalone and consolidated financial statements for the year ended March 31, 2025. This ordinary resolution received 99.9998% of votes in favor. Shareholders also approved a dividend of Rs.1.1 (55%) per equity share, garnering 99.9999% in favor.

The re-appointment of Mr. Nilesh Patel as a director was approved with 99.9942% of votes in favor. However, the special resolutions for the re-appointment of Mr. Himanshu Patel as managing director and Mr. Aalap Patel as executive director saw closer margins, with 95.2892% and 95.2124% of votes in favor, respectively. Both re-appointments generated significant "against" votes.

Shareholders also approved the appointment of M/s. N. M. & Co. as secretarial auditors for five consecutive financial years and ratified the remuneration for cost auditors for the financial year 2025-26, both with 99.9998% of votes in favor. The total votes polled for all resolutions represented 74.6657% of the total shares held.