Glen Industries Ltd

Glen Industries Limited announced its audited financial results for the half year and full year ended March 31, 2026, reporting strong performance. For FY26, the company achieved a Total Income of 20,515.86 lakhs, EBITDA of 3,850.39 lakhs, and a PAT of 1,650.27 lakhs, with an EPS of 6.86. For H2 FY26, Total Income was 10,859.51 lakhs, EBITDA 1,868.66 lakhs, and PAT 819.71 lakhs, with an EPS of 3.41. This growth was driven by robust demand for eco-friendly packaging, expansion in domestic and export markets, and a focus on operational efficiency. The company also expanded manufacturing capacity and is adding new product lines.

Glen Industries Ltd has scheduled a Board of Directors meeting on May 27, 2026, to consider and approve the audited financial results for the half-year and financial year ended March 31, 2026. The meeting will also address any other business with the Chair's permission. The trading window for dealing in the company's securities will remain closed until May 29, 2026, in compliance with SEBI regulations. Information is available on the company website.

Glen Industries Ltd's Board of Directors, based on the Audit Committee's recommendation, has accepted the resignation of M/s. S N Guha & Co, Chartered Accountants, as Statutory Auditors, effective May 21, 2026. The resignation was due to the non-renewal of their Peer Review Certificate. The Audit Committee confirmed no concerns were raised by the outgoing auditors. Concurrently, the Board approved the appointment of M/s. Tosniwal & Associates, Chartered Accountants, as the new Statutory Auditors, subject to shareholder approval at the upcoming General Meeting. They will hold office until the next AGM.

Glen Industries Ltd's board, on May 21, 2026, approved the appointment of M/s. Tosniwal & Associates as the new statutory auditors, subject to shareholder approval, following the resignation of M/s. S N Guha & Co due to non-renewal of their Peer Review Certificate. The audit committee has reviewed and accepted the resignation, noting no concerns raised by the outgoing auditors. Tosniwal & Associates will hold office until the next annual general meeting.

Glen Industries Ltd announced the resignation of M/s. S N Guha & Co as their Statutory Auditors, effective May 21, 2026, due to the non-renewal of their Peer Review Certificate. The Board of Directors, based on the Audit Committee's recommendation, accepted the resignation. M/s. Tosniwal & Associates has been appointed as the new Statutory Auditors, subject to shareholder approval at the General Meeting.

Glen Industries Ltd. reports that there were no deviations or variations in the utilization of proceeds from its Public Issue for the half year ended March 31, 2026. This is based on the Monitoring Agency Report issued by Infomerics Valuation and Rating Limited. The report confirms adherence to SEBI regulations regarding the use of funds raised during the IPO.

Glen Industries Limited, a sustainable packaging player, has reported a robust financial performance for FY26, with a revenue of ₹203.13 Cr, representing a 19.02% YoY growth. The growth was primarily driven by high demand for thin wall food containers, which accounted for over 70% of the revenue. The company is expanding its capacity significantly, especially in containers and new paper cups, to shift from a capacity-constrained model to scale-led growth with stable margins. The expansion is expected to be driven by operating leverage and product mix.

Glen Industries Ltd. has announced that Lalit Agrawal (HUF), a part of the Promoter Group, has acquired 21,600 equity shares from public shareholders. The acquisition, made on March 30, 2026, was at the prevailing market price of Rs. 62.08 each, amounting to Rs. 13,41,000.00. This has increased the Promoter and Promoter Group's shareholding from 73.43% to 73.52% of the total paid-up equity share capital of the Company. The acquisition complies with the minimum public shareholding requirements as per SEBI (Issue of Capital and Disclosure Requirements) Regulations, 2018.

Glen Industries Ltd has announced the closure of the trading window for all designated persons and their immediate relatives, in accordance with the SEBI (Prohibition of Insider Trading) Regulations, 2015. The closure will be effective from 1st April, 2026 until 48 hours after the announcement of the Audited Standalone and Consolidated Financial Results of the Company for the year ended 31st March, 2026.

Glen Industries Ltd has announced that Lalit Agrawal (HUF), which is part of the Promoter Group, has acquired 1,200 equity shares from public shareholders of the Company. The acquisition, made on March 27, 2026, was done at the prevailing market price of Rs. 65/- per share, amounting to Rs. 78,000.00/-. This has resulted in the Promoter and Promoter Group's shareholding increasing from 73.42% to 73.43% of the total paid-up equity share capital of the Company. The acquisition complies with the minimum public shareholding requirements as per SEBI (Issue of Capital and Disclosure Requirements) Regulations, 2018.