HLE Glascoat Limited Board Approves Financial Results and Reappoints Statutory Auditors
HLE Glascoat Limited's Board of Directors held a meeting on May 18, 2026, where several key operational and financial matters were discussed and approved. The Board took on record the Standalone and Consolidated Audited Financial Results for the quarter and the year ended March 31, 2026. Furthermore, the company recommended a final dividend for the financial year 2025-26 and confirmed the re-appointment of the company's internal and cost auditors for the fiscal year 2026-27.During the meeting, the Board also approved the Standalone and Consolidated Audited Financial Statements, including the Balance Sheet as at March 31, 2026, the Statement of Profit and Loss Account for the year ended on that date, the Cash Flow Statement for the year ended on that date, and the accompanying Notes to the Financial Statements, along with the Auditors' Report.
Dividend Recommendation
The Board recommended a final dividend of 55% on equity shares. This translates to Rs. 1.10 per equity share of Rs. 2. This dividend recommendation is subject to the approval of the shareholders at the forthcoming Annual General Meeting of the Company.Reappointment of Professional Auditors
The Board also formalized the re-appointment of the company's professional auditors for the year 2026-27.M/s. CNK & Associates LLP, Chartered Accountants, Vadodara, was re-appointed as the Internal Auditor for the Anand Unit for the year 2026-27. M/s. AKMK & Associates, Chartered Accountants, Surat, was selected to be the Internal Auditor for the Maroli and Silvassa Units for the year 2026-27.
Additionally, M/s. Nanty Shah & Associates, Cost Accountants, Surat, was re-appointed as the Cost Auditor for the Company for the year 2026-27.
The specific details regarding the appointment and profile of the appointed auditors are detailed below.
Internal and Cost Auditors for 2026-27
| Audit Role | Entity/Unit | Appointed Firm | Specialization/Experience Highlight |
|---|---|---|---|
| Internal Auditor | Anand Unit | M/s. CNK & Associates LLP | Limited Liability Partnership firm associated with many listed and other companies, banks, and PSUs for over six decades. |
| Internal Auditor | Maroli and Silvassa Units | M/s. AKMK & Associates | Peer reviewed firm serving manufacturing, trading, and service industries; has a dedicated team for internal audit function. |
| Cost Auditor | Company Wide | M/s. Nanty Shah & Associates | Cost Accountant firm providing Assurance, Taxation, and Advisory services; professional practice since 2011. |
The company also confirmed the Notice of the 35th Annual General Meeting, where business will be transacted, with authorization granted to Executive Directors to finalize the day, date, time, venue, and book closure dates for the meeting and dividend payment.
HLEGLAS Stock Price Movement
Shares of HLE Glascoat Limited today slipped by 2.63% to settle at ₹304.5. The equity saw notable trading volume, with 219,324 shares recorded traded during the session.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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