GLEN Industries Ltd

Glen Industries Limited, through Company Secretary Shikha Sureka, submitted a certificate to the BSE Ltd and National Securities Depository Limited on October 7, 2026, detailing securities dematerialized and rematerialized for the quarter ended September 30, 2026, as per Regulation 74(5) of the Securities and Exchange Board of India (Depositories and Participants) Regulations, 2018; the certificate was received from KFin Technologies Limited, the company's Registrar and Share Transfer Agent.

Glen Industries Limited informed the BSE Ltd that the trading window for dealing in the company's securities will be closed for designated persons and their immediate relatives 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.

Glen Industries Limited announced that Lalit Agrawal (HUF), part of the Promoter Group, acquired 15,600 equity shares for Rs 19,42,824 on August 26, 2026, and an additional 1,200 equity shares for Rs 1,44,720 on August 27, 2026, both purchases made from public shareholders at prevailing market prices, increasing the Promoter and Promoter Group’s shareholding from 74.23% to 74.30% of the company’s total paid-up equity share capital.

Glen Industries Limited informed the BSE that Lalit Agrawal (HUF), part of the Promoter Group, acquired 3,600 equity shares for Rs 4,23,900 on August 24, 2026, and an additional 1,200 equity shares for Rs 1,44,000 on August 25, 2026, both purchased from public shareholders at prevailing market prices, increasing the Promoter and Promoter Group’s shareholding from 74.21% to 74.23% of the company’s total paid-up equity share capital.

Glen Industries Limited announced that Lalit Agrawal (HUF), part of the Promoter Group, acquired 6000 equity shares for Rs 7,29,000 on August 20, 2026, and an additional 3600 equity shares for Rs 4,37,400 on August 21, 2026, both at a price of Rs 121.50 per share, increasing the Promoter and Promoter Group’s shareholding from 74.17% to 74.21% of the company’s total paid-up equity share capital.

Glen Industries Limited announced that its shareholders, at the Nineteenth Annual General Meeting held on August 20, 2026, appointed M/s Tosniwal & Associates, Chartered Accountants, as a Joint Statutory Auditor for a term of five consecutive years commencing from fiscal year 2026-27 until fiscal year 2030-31.

Glen Industries Limited announced that its shareholders, at the Nineteenth Annual General Meeting held on August 20, 2026, appointed M/s Tosniwal & Associates, Chartered Accountants, as a Joint Statutory Auditor for a term of five consecutive years commencing from fiscal year 2026-27 until fiscal year 2030-31.

Glen Industries Limited informed the BSE that its 19th Annual General Meeting was held on Thursday, August 20, 2026, via video conferencing and other audio-visual means, where shareholders approved the audited financial statements for the fiscal year ended March 31, 2026, and re-appointed Nikhil Agrawal as a director, among other resolutions including approvals for remuneration revisions for Lalit Agrawal, Nikhil Agrawal, and Niyati Seksaria.

Glen Industries Limited announced that Lalit Agrawal (HUF), part of the Promoter Group, acquired 9,600 equity shares for Rs 11,34,432 on August 18, 2026, and an additional 38,400 shares for Rs 45,22,200 on August 19, 2026, both purchases made from public shareholders at prevailing market prices; the acquisitions 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 company is experiencing delays in its project, now expected to begin commercial production in Q3 FY26-27, a shift from the initially planned Q4 FY25-26 completion. Regulatory hurdles, including delays related to a Special Investigation Report (SIR) and election-related building plan approvals in West Bengal, are the primary cause of the postponement. As of June 30, 2026, approximately Rs 32.00 crore of unutilized IPO proceeds are held in fixed deposits with HDFC Bank and ICICI Bank, earning returns between 6.25% and 6.30%. The company has disclosed the delay to the stock exchange and is operating within the permissible timeframe for utilizing IPO funds, though expenses initially covered by overdraft will be adjusted against the fixed deposits. The delay could impact investor sentiment and potentially lead to cost overruns, while the company remains reliant on securing further regulatory approvals.