HLE Glascoat Limited — Board Meeting, 11-11-2024: Outcome of Board Meeting

HLE Glascoat Limited has announced a board meeting where the board has approved the financial results for the quarter and half-year ended 30th September 2024. The unaudited standalone results revealed a revenue of ₹22,574.31 crore and a profit for the period of ₹148.46 crore. Additionally, the board greenlit a significant investment, acquiring a 26% stake in Clean Max Anchorage Private Limited, aimed at developing a renewable energy facility in Gujarat. Furthermore, the board confirmed the dissolution of the partnership firm, Kinam Engineering Industries, effective immediately.