HLE Glascoat: Promoter Aalap Patel Acquires 10% Stake via Gift

HLE Glascoat Limited announced that Aalap Nilesh Patel, a member of the promoter group, has acquired 69,45,474 equity shares, representing 10.00% of the company's equity share capital. The acquisition was made through an inter-se transfer by way of gift from his father, Nilesh Khushalbhai Patel, another promoter. This transaction was executed on September 10, 2026, following a prior disclosure made under Regulation 10(5) of the SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011. As the shares were transferred as a gift, no consideration was involved. This move is part of a promoter group internal restructuring.