HP Adhesives Limited has informed the Exchange regarding Appointment of Mr Mr. Karan Motwani, Managing Director as Managing Director of the company w.e.f. May 01, 2026.
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HP Adhesives' board approved unaudited standalone and consolidated financial results for the quarter ended June 30, 2025. Managing Director Mr. Karan Motwani was re-appointed for a second 5-year term from May 1, 2026 to April 30, 2031; he is the son of Chairperson Mrs. Anjana Motwani and brother of Executive Director Ms. Nidhi Motwani. Three independent directors — Mr. Surendra Kumar Mehta, Mr. Ajeet Anant Walavalkar, and Mr. Rajendra Kumar Jain — were also re-appointed for second 5-year terms starting June–July 2026. Company Secretary & Compliance Officer Ms. Jyoti Chawda resigned effective August 9, 2025. Statutory auditors Priya Choudhary & Associates LLP were re-appointed for a second 5-year term, and Shivam Sharma & Associates were appointed as secretarial auditors for FY 2025-26 to FY 2029-30. All re-appointments are subject to shareholder approval at the upcoming 6th AGM.
Re-appointments indicate board and leadership continuity, with the promoter family retaining control of the Managing Director role for another 5 years. The Company Secretary exit is a minor near-term governance change that will require a replacement. Detailed Q1 FY26 numbers were not disclosed in the headline and would warrant a separate look.