HP Adhesives Limited has informed the Exchange regarding Resignation of Mrs Jyoti Nikunj Chawda as Company Secretary & Compliance Officer of the company w.e.f. August 09, 2025.
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The board of HP Adhesives, at its meeting on August 8, 2025, approved multiple items in one go. The unaudited standalone and consolidated financial results for Q1 FY26 (quarter ended June 30, 2025) were approved along with the auditor's limited review report. Three Independent Directors — Mr. Surendra Kumar Mehta, Mr. Ajeet Anant Walavalkar, and Mr. Rajendra Kumar Jain — were re-appointed for a second 5-year term. Managing Director Mr. Karan Motwani was also re-appointed for another 5-year term effective May 1, 2026, subject to shareholder approval. The Company Secretary and Compliance Officer, Ms. Jyoti Chawda, resigned effective August 9, 2025, citing a new career opportunity outside the company. Statutory Auditors Priya Choudhary & Associates LLP were re-appointed for a second 5-year term, and Shivam Sharma & Associates was appointed as Secretarial Auditors for 5 years (FY26 to FY30).
Continuity is largely maintained with the MD and key directors being re-appointed, and statutory auditors getting a second term — generally a positive signal of stability. The CS & Compliance Officer exit is a routine KMP change driven by personal career reasons and is unlikely to materially affect the stock. Shareholders should watch the Q1 FY26 results and upcoming AGM for shareholder approvals on the re-appointments.