HP Adhesives Limited has informed the Exchange regarding Board meeting held on August 08, 2025.
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HP Adhesives' board met on August 8, 2025 and approved the unaudited standalone and consolidated financial results for Q1 FY26 (quarter ended June 30, 2025), along with a clean limited review report from the auditor. The board approved the re-appointment of three Independent Directors (Mr. Surendra Kumar Mehta, Mr. Ajeet Anant Walavalkar, and Mr. Rajendra Kumar Jain) for a second 5-year term starting 2026. Managing Director Mr. Karan Motwani was also re-appointed for a second 5-year term from May 1, 2026 to April 30, 2031. Company Secretary and Compliance Officer Ms. Jyoti Chawda resigned effective August 9, 2025 to pursue another opportunity. Statutory Auditors Priya Choudhary & Associates LLP were re-appointed for a second 5-year term through FY30-31, and Shivam Sharma & Associates were appointed as Secretarial Auditors for 5 years from FY25-26 to FY29-30.
The announcement is largely governance-related with no major financial red flags, and the auditor's review report is unqualified. Shareholders will need to approve the director and auditor re-appointments at the upcoming 6th AGM, and the Company Secretary exit may raise minor governance questions given the short transition window.