HP Adhesives Limited has informed the Exchange regarding 'Limited Review Report with UDIN'.
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Awaiting price reaction for this filing.
HP Adhesives filed a clarification on 13 February 2026 resubmitting its Q3 FY26 Limited Review Report with the auditor's UDIN (which could not be generated earlier due to ICAI portal maintenance) and correcting a clerical error in the effective date of resignation of Independent Director Mr. Ajeet Anant Walavalkar (should read 12 February 2026, not 2025). The original board meeting on 12 February 2026 approved unaudited Q3 FY26 and 9M FY26 results (standalone and consolidated), appointed Dr. Chandra Sekhar Nettem as Additional Independent Director for a 5-year term (subject to shareholder approval via postal ballot), accepted Mr. Walavalkar's resignation due to health reasons, and reconstituted the NRC, Stakeholders' Relationship Committee and CSR Committee. Consolidated Q3 FY26 revenue stood at ₹6,536.71 lakhs (vs ₹6,667.63 lakhs in Q3 FY25), while PAT fell sharply to ₹162.22 lakhs from ₹420.72 lakhs (~61% decline); 9M FY26 PAT dropped ~33% to ₹934.97 lakhs. Exceptional items of ₹80.98 lakhs in 9M cover GST demand, CESTAT order and Labour Codes gratuity impact. A fire incident on 17 January 2026 at Plant Unit-I in Khopoli, Maharashtra damaged property, plant, equipment and inventory (no casualties), disrupting Solvent Cement operations temporarily; assets are insured and the event was treated as a non-adjusting post-reporting event.
The clarification is procedural and not financially material, but weak Q3 earnings (sharp profit drop) along with the fire incident at a key plant and GST/CESTAT liabilities may pressure near-term sentiment; insurance coverage and management's going-concern assurance help limit downside.