HLE Glascoat: Update on the Acquisition - as per attached letter
HLE Glascoat (HLEGLAS) filed a disclosure titled "Update on the Acquisition - as per attached letter". The company is valued at about ₹3,070 crore.
What happened
HLE Glascoat (HLEGLAS) filed a disclosure with the exchanges on 5 October 2026 at 09:06 PM titled "Update on the Acquisition - as per attached letter".
Company snapshot
HLE Glascoat is a small-cap company, with a market value of about ₹3,070 crore.
The stock last traded at ₹442.1, against a 52-week range of ₹250–₹662 (33.2% below the high).
Before this filing the shares had moved +40.7% over the month and +14.1% over three months. Average daily turnover over the last 20 sessions was about ₹20.17 crore.
Promoters held 65.64% at the end of Q1 FY27. Foreign institutions owned 2.05% and domestic institutions 4.71%.
| Quarter | Revenue | Net profit | EPS (₹) |
|---|---|---|---|
| Q1 FY26 | 284 | 14.8 | 2.62 |
| Q2 FY26 | 635 | 28.4 | 4.16 |
| Q3 FY26 | 327 | 2.8 | 0.41 |
| Q4 FY26 | 392 | 18.2 | 2.65 |
| Q1 FY27 | 301 | 2.8 | 0.4 |
What history shows
BCEIE's records show 3 previous m&a filings from the company since May 2026.
After those filings, the stock gained 0.6% on average the next trading day and was up 1.5% on average after five days (3 filings with price data).
Market-wide, 1,961 m&a filings with an impact score of 50 or more saw an average next-day move of +0.4%, with 49% rising.
Past reactions describe what happened before; they are not a forecast.
| Date | Filing | Next day | 5 days |
|---|---|---|---|
| 25 Aug 2026 | Disclosures under Reg. 10(5) in respect of acquisition under Reg.… | −0.0% | +1.0% |
| 25 Aug 2026 | Disclosures under Reg. 10(5) in respect of acquisition under Reg.… | −0.0% | +1.0% |
| 18 Aug 2026 | M&A | +1.8% | +2.4% |
What to watch
- Regulatory approvals, completion of the deal and its effect on revenue and margins.
In the news
Recent coverage elsewhere (links open the original publisher):
Source
Automatically written from the exchange filing and BCEIE data. Not investment advice. Check the original filing before acting on it.