Annual Report 2025-26

Ref: BBY/CS/001/21/26 August 11, 2026 The BSE Limited Department of Corporate Services, Phiroze Jeejeebhoy Towers, Dalal Street, Mumbai - 400 001 Sub: Annual Report of the Company for the financial year 2025-2026 Ref: 1. Regulation 34(1) and other applicable provisions of Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015, as amended (“SEBI Listing Regulations”) 2. Scrip Code: 515147 Dear Sir(s)/Madam(s), We hereby wish to inform you that the 35th Annual General Meeting (“AGM”) of the members of the Company will be held on Friday, September 04, 2026 at 11:30 a.m. at Village Gavasad, Taluka Padra, Dist. Vadodara – 391 430. Pursuant to Regulation 34(1) of SEBI Listing Regulations, we hereby submit the Annual Report of the Company along with the Notice of 35th AGM of the Company for the Financial Year 2025-26 which has been sent through electronic mode to the Members whose email ids are registered with the Company. Further a letter providing the exact path for accessing the Annual report is being sent by post to those shareholders who have not registered their email ids and physical copies are also being sent to those shareholders who have requested for the same. The Annual Report 2025-26 including the Notice of 35th AGM are also available on the website of the Company at www.haldynglass.com. Kindly take this information on your records. Thanking you, Yours faithfully FOR HALDYN GLASS LIMITED DHRUV MEHTA COMPANY SECRETARY & COMPLIANCE OFFICER ACS-46874 Encl: As above CIN: L51909GJ1991PLC015522 Performance at a Glance For Standalone Results NET WORTH 22,622.94 20,424.14 18,781.21 17,123.28 16,291.81 2021-22 2022-23 2023-24 2024-25 2025-26 TOTAL INCOME 47,265.28 38,931.79 32,430.14 31,436.03 21,795.05 2021-22 2022-23 2023-24 2024-25 2025-26 PROFIT AFTER TAX 1,969.53 1,875.61 1,831.87 1,296.51 1,086.60 2021-22 2022-23 2023-24 2024-25 2025-26 BOARD OF DIRECTORS Mr. Narendra Shetty Founder Executive Chairman Auditors DIN: 00025868 M/s. KNAV & CO. LLP Chartered Accountants Mr. Tarun Shetty Managing Director FRN: 120458W/W100679 DIN: 00587108 Registered Office & Works Mr. Rohan Ajila Village Gavasad, Taluka Padra, District Vadodara-391430, Gujarat DIN: 01549005 Telephone : +91 2662 242339/42 | Fax : +91 2662 245081 Mr. Ajit Shah E-mail: baroda@haldyn.com DIN: 02396765 Website: www.haldynglass.com Mr. Gopalaraman Padmanabhan Corporate Office DIN: 07130908 B-1201, Lotus Corporate Park, Off Western Express Highway, Goregaon [East], Mumbai - 400 063 Mrs. Mona Cheriyan Telephone : + 91 22 4287 8999 | Fax : + 91 22 4287 8910 DIN: 10479050 E-mail: bombay@haldyn.com Chief Executive Officer Bankers Mr. Niraj Tipre State Bank of India HDFC Bank Limited Chief Financial Officer Registrar & Share Transfer Agents Mr. Ganesh P. Chaturvedi [upto May 31, 2025] MUFG Intime India Pvt. Ltd. [Formerly Link Intime India Pvt. Ltd.] Unit: Haldyn Glass Limited Mr. Jitendra [w.e.f. June 01, 2025] C-101, Embassy 247, L.B.S. Marg, Vikhroli [West], Mumbai - 400083 Karamchandani Telephone : +91 22 4918 6000 | Fax : +91 22 4918 6060 FCA: 129652 E-mail: investor.helpdesk@in.mpms.mufg.com, Website: www.mpms.mufg.com Company Secretary Mr. Dhruv Mehta THIRTY FIFTH ANNUAL GENERAL MEETING ACS No.: 46874 Day : Friday Date : September 04, 2026 COMMITTEES AS ON MARCH 31, 2026 Time : 11.30 a.m. Venue : Village Gavasad, Taluka Padra, Dist. Vadodara - 391430 Audit Committee Mr. Ajit Shah Chairman CONTENTS PAGE Mrs. Mona Cheriyan » Directors’ Report 2 Mr. Gopalaraman Padmanabhan Mr. Tarun Shetty » Secretarial Audit Report 28 » Corporate Governance Report 32 Nomination and Remuneration Committee » Independent Auditors’ Report 55 Mr. Gopalaraman Padmanabhan Chairman » Balance Sheet 66 Mrs. Mona Cheriyan » Statement of Profit and Loss 67 Mr. Rohan Ajila » Statement of Changes in Equity 68 Stakeholders Relationship Committee » Cash Flow Statement 69 Mr. Ajit Shah Chairman » Notes on Financial Statements 71 Mrs. Mona Cheriyan » Independent Auditors’ Report on 132 Mr. Rohan Ajila Consolidated Financial Statements » Consolidated Balance Sheet 140 Corporate Social Responsibility Committee Mr. Tarun Shetty Chairman » Consolidated Statement of Profit and Loss 141 Mr. Rohan Ajila » Consolidated Statement of Changes in Equity 142 Mrs. Mona Cheriyan » Consolidated Cash Flow Statement 143 » Notes to the Consolidated Financial Statements 145 » Notice of Annual General Meeting 208 35TH ANNUAL REPORT | 2025-2026 Directors’ Report Dear Shareholders, Your Directors are pleased to present the 35th Annual Report on business and operations of Haldyn Glass Limited [“the Company”] along with the Audited Financial Statements [Standalone and Consolidated] for the financial year ended March 31, 2026 [“FY 2025- 26”] and the report of the Auditors thereon. 1] FINANCIAL HIGHLIGHTS: The financial performance of the Company for the year ended March 31, 2026 on a Standalone and Consolidated basis, is summarized below: Particulars Standalone Consolidated For the For the For the For the year ended year ended year ended year ended March 31, 2026 March 31, 2025 March 31, 2026 March 31, 2025 Total Income 47,265.28 38,931.79 47,265.28 38,931.79 Earnings before interest, depreciation and tax [EBITDA] 6,883.72 6,062.42 6,966.08 6,140.00 Interest and Finance Charges 1,337.17 1,495.12 1,337.17 1,495.12 Depreciation 3,044.12 2,875.01 3,045.01 2,876.12 Profit before Tax 2,502.43 1,692.29 2,583.90 1,768.76 Provision for Current Tax 190.39 – 244.04 15.32 Provision for Deferred Tax 480.17 419.50 444.85 419.62 Short / [Excess] provision of earlier years – [23.72] – [23.72] Profit after tax [before share of profit of joint venture] 1,831.87 1,296.51 1,895.01 1,357.54 Share of profit of Joint venture – – 582.44 523.80 Profit after tax 1,831.87 1,296.51 2,477.45 1,881.34 Other comprehensive income [479.19] 23.92 [440.86] 23.65 Total comprehensive income for the period net of Tax 1,352.68 1,320.43 2,036.59 1,904.99 Surplus brought forward from previous year 20,123.67 19,179.50 20,242.06 18,713.33 Profit available for appropriation 21,476.35 20,499.93 22,278.65 20,618.32 Dividend paid [376.26] [376.26] [376.26] [376.26] Balance carried forward to Balance Sheet 21,100.09 20,123.67 21,902.39 20,242.06 2] OPERATIONAL PERFORMANCE / STATE OF COMPANY’S AFFAIRS: [a] Standalone Performance: During the year under review, the total income of your Company stood at ` 47,265.28 lakhs as against ` 38,931.79 lakhs in the previous year recording a growth of 21.41%. The Company earned a profit after tax of ` 1,831.87 lakhs as against ` 1,296.51 lakhs in the previous year recording a growth of 41.29%. The growth in profit after tax is mainly due to increased sales and other income. Due to growth in the profit, the earning per share increased from ` 2.41 in the previous year to ` 3.41 in the year under review. [b] Consolidated Performance: During the year under review, the total income of your Company stood at ` 47,265.28 lakhs as against ` 38,931.79 lakhs in the previous year recording a growth of 21.41%. The Company earned a profit after tax [including share of profit of joint venture] of ` 2,477.45 lakhs as against ` 1,881.34 lakhs in the previous year recording a growth of 31.69%. The growth in profit after tax is mainly due to increased sales, other income and share of joint venture. Due to growth in the profit, the earning per share increased from ` 3.50 in the previous year to ` 4.61 in the year under review. 3] DIVIDEND: The Board has recommended a dividend of 70% i.e. ` 0.70 per share of face value of ` 1/- each, for the approval of the members at the ensuing 35th Annual General Meeting [“AGM”]. The total pay-out on account of dividend, if approved, by the members will be ` 376.26 lakhs which will be subject to deduction of tax at source as applicable and shall be payable during financial year 2026-27. 4] TRANSFER TO RESERVES: Your directors do not propose to transfer any amount to reserves for the financ [Showing first 8,000 characters — download PDF for full document]