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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.

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.