Haldyn Glass Ltd Approves Q3 Results and Unveils Expansion Plans, Announces Leadership Changes
Haldyn Glass Limited announced key outcomes from its Board of Directors meeting held on August 03, 2026. The company approved its un-audited financial results for the quarter ended June 30, 2026, and made significant decisions regarding executive leadership, future investment plans, and dividend recommendations.The Board took note of the Limited Review Report dated August 03, 2026, issued by M/s KNAV & CO. LLP, Chartered Accountants, concerning the un-audited financial results.
Management Decisions and Governance Updates
The meeting approved several crucial governance matters:- Managing Director Reappointment: The Board considered and approved the re-appointment of Mr. Tarun Shetty as Managing Director for a period of three years, effective from August 16, 2026, up to August 15, 2029.
- Chairman Appointment: Mr. Narendra Shetty decided to step down as Executive Chairman upon completion of his tenure on August 15, 2026. The Board subsequently approved the appointment of him as Founder Non-Executive Chairman for a period of three years, effective from August 16, 2026 (up to August 15, 2029).
- AGM: The 35th Annual General Meeting (AGM) of the company members was decided to be convened on Friday, September 04, 2026.
Financial Performance Highlights
The company's un-audited financial results for the quarter ended June 30, 2026, showed specific performance metrics across both standalone and consolidated segments.Standalone Financial Results (Quarter Ended June 30, 2026):
| Metric | Amount (in Lakhs) |
|---|---|
| Revenue from operations | 13,868.78 |
| Total income | 13,957.43 |
| Total expenses | 12,719.69 |
| Profit before tax | 1,237.74 |
| Tax expense | 313.83 |
| Profit for the period | 923.91 |
| Earnings per share (Basic) | 172 |
Consolidated Financial Results (Quarter Ended June 30, 2026):
| Metric | Amount (in Lakhs) |
|---|---|
| Revenue from operations | 1,386,878 |
| Total income | 13,057.43 |
| Profit attributable to Owners of the company | 1,025.90 |
Future Plans and Dividend Recommendation
The Board approved a detailed Business Plan and committed to an additional investment estimated at around Rs. 150 Crores. This investment is intended for rebuilding, modernization of existing capacity, and expansion. The operational details confirm the current capacity stands at 430 MT, with a proposed addition of approximately 75 MT, expected within twelve months of August 03, 2026. The project will be financed mainly through internal accruals and the remainder via borrowings.In relation to dividends, the Board had previously recommended a dividend of Re. 0.70/- (Seventy Paise) per Equity Share for the financial year ended March 31, 2026. Consequently, Friday, August 28, 2026, was fixed as the Record Date to determine eligible members for this dividend, pending declaration at the forthcoming 35th AGM.
HALDYNGL Stock Price Movement
Today, Haldyn Glass Limited shares edged higher to close at ₹126.26, climbing 5.00% in the market session. The stock recorded a traded volume of 151,386 shares for the day.Disclaimer: Due care and diligence have been taken in compiling and presenting news and market-related content. However, errors or omissions may arise despite such efforts.
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