HP Adhesives Limited has informed the Exchange regarding Change in Auditors of the company.
HPAL · price
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On the reaction day the stock moved 3.7 pts less than Nifty Microcap 250 and 3.3 pts less than its Specialty Chemicals peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.
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HP Adhesives' board, meeting on August 8, 2025, approved unaudited standalone and consolidated financial results for Q1 FY26 (quarter ended June 30, 2025). It re-appointed Managing Director Karan Motwani for a second 5-year term from May 1, 2026 to April 30, 2031, subject to shareholder approval. Three Independent Directors — Surendra Kumar Mehta, Ajeet Anant Walavalkar, and Rajendra Kumar Jain — were also re-appointed for a second 5-year term each. Company Secretary and Compliance Officer Jyoti Chawda resigned effective August 9, 2025. Statutory Auditor Priya Choudhary & Associates LLP was re-appointed for a second 5-year term till FY 2030-31, and Shivam Sharma & Associates was appointed as Secretarial Auditor for FY 2025-26 to FY 2029-30.
Routine governance housekeeping — the re-appointments of the MD, independent directors, and statutory auditor signal board continuity rather than any disruption. The departure of the Company Secretary is a KMP-level exit worth monitoring for any succession announcement, but no immediate financial or operational concern is indicated.