Glen Industries Ltd

Glen Industries reported a strong H1 FY27 performance with revenue reaching ₹113.57 Crore, an 18.84% year-on-year increase. The company is focusing on capacity expansion, product innovation, and operational efficiency. Progress is being made on a new manufacturing facility in Howrah, which will enhance capabilities in thermoforming and paper cup production. Glen Industries continues to expand its global reach, serving over 40 recurring international customers in 30+ countries, in addition to its extensive domestic network across 26 states and 80+ cities in India. The company is diversifying its product portfolio with new disposable solutions and emphasizes sustainability, holding multiple certifications including FSSC 22000 and ISO standards.

Glen Industries Ltd has announced the closure of its trading window for designated persons and their immediate relatives. This closure is in accordance with SEBI (Prohibition of Insider Trading) Regulations, 2015, and the company's internal code of conduct. The window will be shut from October 1, 2026, until 48 hours after the announcement of the unaudited standalone and consolidated financial results for the half-year ended September 30, 2026. This measure is standard practice to prevent potential insider trading during periods when sensitive financial information is being prepared for public disclosure.

Glen Industries Ltd announced that Lalit Agrawal (HUF), part of the Promoter Group, has acquired a total of 16,800 equity shares. The acquisitions occurred on August 26, 2026 (15,600 shares at ₹124.54 each) and August 27, 2026 (1,200 shares at ₹120.60 each) from public shareholders. These transactions have increased the Promoter and Promoter Group's aggregate shareholding from 74.23% to 74.30% of the company's total paid-up equity share capital. The company confirmed compliance with Minimum Public Shareholding requirements.

Lalit Agrawal (HUF), part of the Promoter Group of Glen Industries Ltd, has acquired a total of 4,800 equity shares on August 24 and 25, 2026. The acquisitions, made at prevailing market prices, amounted to ₹4,23,900 and ₹1,44,000 respectively. These purchases have resulted in an increase of the Promoter and Promoter Group's aggregate shareholding from 74.21% to 74.23% of the company's total paid-up equity share capital. The transactions were conducted in compliance with Minimum Public Shareholding requirements.

Lalit Agrawal (HUF), part of the Promoter Group of Glen Industries Ltd, has acquired a total of 9600 equity shares on August 20-21, 2026. The acquisition involved 6000 shares for ₹7,29,000 and 3600 shares for ₹4,37,400, both at a price of ₹121.50 per share. These purchases were made from public shareholders at prevailing market prices. Consequently, the Promoter and Promoter Group's aggregate shareholding in the company has increased from 74.17% to 74.21% of the total paid-up equity share capital. The company confirmed compliance with minimum public shareholding regulations.

Glen Industries Ltd has appointed M/s. Tosniwal & Associates, Chartered Accountants, as its Joint Statutory Auditor. This appointment was approved by the company's members at the Nineteenth Annual General Meeting held on August 20, 2026. The firm will serve for five consecutive financial years, commencing from FY 2026-27 until FY 2030-31. Tosniwal & Associates is a peer-reviewed firm with extensive experience in audit, taxation, and corporate advisory services, serving a diverse client base.

Glen Industries Ltd announced the appointment of M/s. Tosniwal & Associates, Chartered Accountants, as Joint Statutory Auditor. This appointment was approved by the members at the Nineteenth Annual General Meeting held on August 20, 2026. The term of appointment is for five consecutive financial years, commencing from FY 2026-27 and concluding with FY 2030-31. Tosniwal & Associates is a peer-reviewed firm with a broad range of professional services including audit, taxation, and advisory.

Glen Industries Ltd conducted its 19th Annual General Meeting (AGM) on August 20, 2026, held via Video Conferencing. The meeting, chaired by Mr. Lalit Agrawal, commenced at 12:00 PM IST and concluded at 12:28 PM IST. Key resolutions passed included the adoption of audited financial statements for FY26, appointment of directors, ratification of statutory auditors, and approval of revised remuneration for key whole-time directors. Remote e-voting and in-meeting electronic voting facilities were provided to members. All resolutions were passed with the requisite majority. The company will separately intimate the voting results.

Glen Industries Ltd announced that Lalit Agrawal (HUF), part of the Promoter Group, has acquired a total of 48,000 equity shares from public shareholders on August 18 and 19, 2026. The total acquisition value was ₹56,56,632. This move has increased the Promoter and Promoter Group's shareholding from 73.97% to 74.17% of the company's total paid-up equity share capital. The acquisitions were conducted in compliance with SEBI regulations regarding minimum public shareholding.

Glen Industries Ltd has submitted its Monitoring Agency Report for the quarter ended June 30, 2026. The report, issued by Infomerics Valuation and Rating Limited, confirms that there were no deviations or variations in the utilization of proceeds from the company's Public Issue during the specified period. The total IPO amount was aggregated to Rs. 62.94 crore. The monitoring agency has declared that the utilization of funds aligns with the objects of the issue, providing a true and fair view.