5222152025-08-145222152025-08-142025-08-14iso4217:INRxbrli:pureHLE GLASCOAT LIMITEDHLEGLASNewAcquisition (including agreement to acquire)2025-08-132025-08-14HLE Surface Technologies GmbHStep Down Subsidiary(a) Specific assets of Omeras GmbH, with registered seat in Lauter-Bernsbach (Germany) (“Omeras”); (b) all shares of Omerastore GmbH (“Omerastore”) with registered seat in Lauter-Bernsbach (Germany).1115200000510000011000000falsefalsefalsefalseManufacturing and distributing glass lined and enameled panels, tanks, facade claddings as well as architectural claddings made from various materials, and providing services ranging from consulting and planning to manufacturing, installation, and turnkey deliveryThe acquisition of the Assets is a strategic move in line with the Company’s long-term growth strategy to strengthen its commercial presence in key markets such as Germany. The Assets and Omerastore are related to the business of manufacturing and distributing glass lined and enameled panels, tanks, facade claddings as well as architectural claddings made from various materials, and providing services ranging from consulting and planning to manufacturing, installation, and turnkey deliveryNofalseThe effective date of the acquisition of the Assets is 13 August 2025, subject to payment of the total purchase consideration within ten (10) banking days from the effective date.Cash281400000010Date of incorporation of Omerastore: 05.06.2007 Business of manufacturing and distributing glass lined and enameled panels, tanks, facade claddings as well as architectural claddings made from various materials, and providing services ranging from consulting and planning to manufacturing, installation, and turnkey delivery Turnover of last 3 years of Omerastore: Sales Revenue for the year ended 31st December 2022: Euro 7.83 million (Equivalent to INR 80.11 Crores) Sales Revenue for the year ended 31st December 2023: Euro 11.93 million (Equivalent to INR 122.06 Crores) Sales Revenue for the year ended 31st December 2024: Euro 10.90 million (Equivalent to INR 111.52 Crores) Presence of entity: Lauter Bernsbach, Germany Omeras GmbH is currently subject to insolvency proceedings by court order of 1 May 2025 passed by the local court of Chemnitz, and debtor-in-possession management has been ordered, and a monitor has been appointed. The transaction has been approved by the concerned creditors' committee in the insolvency proceedings, and the monitor of Omeras GmbH.2020-06-0520242024112000000020232023122000000020222022800000000GermanyTransaction: HLE Surface Technologies GmbH (“HLE Surface”), a Wholly Owned Step-Down Subsidiary of HLE Glascoat Limited (“Company”), has agreed to acquire: (i) Specific assets pertaining to the business of manufacturing and distributing glass lined and enameled panels, tanks facade cladding made from various materials, and providing services ranging from consulting and planning to manufacturing, installation, and turnkey delivery of Omeras (including immovable property), and (ii) all shares of Omerastore (100%) held by Omeras (collectively, the “Assets”), by way of entering into: (i) a sale and purchase agreement dated 13 August 2025, and (ii) a real estate purchase agreement dated 13 August 2025. The said sale and purchase agreement as well as the said real estate purchase agreement have been entered into after midnight on 14 August 2025 (India time) / prior to midnight on 13 August 2025 (Germany time). Sales Revenue of Omeras for the year ended on 31 December 2024: Euro 19.23 Million - Equivalent to INR 196.44 crores Sales Revenue of Omerastore (Wholly Owned Subsidiary of Omeras) for the year ended on 31 December 2024: Euro 10.90 Million - Equivalent to INR 111.52 crores. Paid up Share Capital of Omerastore: Euro 25,000. Cost of Acquisition or the price at which the shares / assets are acquired - HLE Surface has agreed to acquire the Assets of Omeras and shares of Omerastore for Euro 2,750,000 - Equivalent to INR 28.14 crores. Percentage of shareholding control acquired and / or number of shares acquired - HLE Surface has agreed to acquire: (i) the specific assets pertaining to the business of manufacturing and distributing glass lined and enameled panels, tanks, facade cladding made from various materials, and providing services ranging from consulting and planning to manufacturing, installation, and turnkey delivery of Omeras (including immovable property), and (ii) all the shares of Omerastore GmbH, representing 100% of the share capital of Omerastore, for a total purchase consideration of Euro 2,750,000. Brief background about the entity acquired in terms of products/ line of business acquired, date of incorporation, history of last 3 years turnover, country in which the acquired entity has presence and any other significant information (in brief) - Date of incorporation of Omerastore: 05.06.2007 Business of manufacturing and distributing glass lined and enameled panels, tanks, facade claddings as well as architectural claddings made from various materials, and providing services ranging from consulting and planning to manufacturing, installation, and turnkey delivery Turnover of last 3 years of Omerastore: Sales Revenue for the year ended 31st December 2022: Euro 7.83 million Sales Revenue for the year ended 31st December 2023: Euro 11.93 million Sales Revenue for the year ended 31st December 2024: Euro 10.90 million Presence of entity: Lauter Bernsbach, Germany Omeras GmbH is currently subject to insolvency proceedings by court order of 1 May 2025 passed by the local court of Chemnitz, and debtor-in-possession management has been ordered, and a monitor has been appointed. The transaction has been approved by the concerned creditors' committee in the insolvency proceedings, and the monitor of Omeras GmbH. Date of incorporation - 05.06.2007