HP Adhesives Limited has informed the Exchange regarding Appointment of Mr Re-appointment of Independent Directors as Independent of the company w.e.f. Jun 23, 2026.
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HP Adhesives Limited's board met on August 8, 2025 and approved the unaudited standalone and consolidated financial results for Q1 FY26 (quarter ended June 30, 2025). The board approved the re-appointment of three independent directors — Surendra Kumar Mehta, Ajeet Anant Walavalkar and Rajendra Kumar Jain — for a second 5-year term commencing mid-2026, subject to shareholder approval. Managing Director Karan Motwani (part of the promoter family, son of Chairperson Anjana Motwani) was also re-appointed for a second 5-year term from May 1, 2026 to April 30, 2031. Company Secretary and Compliance Officer 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.
Routine governance housekeeping with board continuity maintained — all key directors including the promoter-family MD are being retained. The notable item is the exit of the Company Secretary (a KMP), which is a mid-level compliance role and not expected to materially affect operations or stock price.