HP Adhesives Limited has informed the Exchange regarding Proceedings of Annual General Meeting held on September 30, 2025
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HP Adhesives Limited held its 6th Annual General Meeting on September 30, 2025, via video conferencing, chaired by Executive Director and Chairperson Mrs. Anjana Haresh Motwani. The meeting lasted just 15 minutes (3:00 PM to 3:15 PM) and covered 9 resolutions. Shareholders considered and adopted the audited financial statements for FY ended March 31, 2025, and approved a final dividend of 20% (Rs. 0.40 per share on face value of Rs. 2). Several director re-appointments were tabled, including Mr. Karan Motwani as Managing Director and three Independent Directors (Mr. Surendra Kumar Mehta, Mr. Ajeet Anant Walavalkar, and Mr. Rajendra Kumar Jain). Statutory and Secretarial Auditors were also up for re-appointment. E-voting was conducted via CDSL from September 27–29, 2025, and the CFO Mr. Mihir Suresh Shah addressed shareholder queries. All directors were present except Mr. Ajeet Ananata Walavalkar. The scrutinizer's report with voting results will be filed separately.
The key shareholder takeaway is the confirmation of a Rs. 0.40 per share final dividend and the formal re-appointment of the promoter-led management team. The brevity of the meeting and routine nature of resolutions suggest smooth governance, with no contentious issues raised. E-voting results are awaited and could provide signals on shareholder sentiment.