Hindustan Adhesives Ltdhas informed BSE that the meeting of the Board of Directors of the Company is scheduled on 30/06/2025 ,inter alia, to consider and approve With reference to our intimation ....
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Hindustan Adhesives has postponed its Board Meeting from June 9, 2025 to June 30, 2025 to consider and approve the audited financial results (standalone and consolidated) for the quarter and financial year ended March 31, 2025. The delay is due to an ongoing transition of the company's accounting system from Tally to Zoho ERP, which caused financial data for the year to be split across two software systems. As a result, the statutory auditors need additional time to reconcile and verify the accuracy of the consolidated financial data. The trading window for designated persons, which was already closed, will now reopen on July 3, 2025, 48 hours after the rescheduled board meeting.
The 21-day delay in announcing FY25 results is largely procedural and driven by data reconciliation challenges from the ERP switch, but investors should watch closely when results are finally declared — any discrepancies or restatements arising from the dual-system accounting could affect earnings quality and stock sentiment.