Hindustan Adhesives Ltd has appointed Anil Mathur as an Additional Director in the Non-Executive Independent category effective July 14, 2026. The appointment is for a term of five years and is subject to the approval of the company's shareholders. The Board approved the appointment based on the recommendations of the Nomination and Remuneration Committee.

Concurrently, the company accepted the resignation of Amit Sharma from the post of Non-Executive Independent Director, effective from the close of business hours on July 14, 2026. Sharma resigned due to other business engagements and an inability to devote sufficient time to the company. The Board placed on record its appreciation for his contributions during his tenure.

Anil Mathur brings 40 years of experience in senior management roles. Aged 72, he is a B.Com graduate with expertise in finance, accounting, taxation, administration, legal and regulatory requirements, and governance. The company disclosed that Mathur is not holding any shares in the company and has no inter-se relationships with other directors.

The resignation of Amit Sharma was confirmed to be free from other material reasons beyond those stated in his resignation letter. He does not hold directorships in any other listed entities. The Board meeting commenced at 5:00 P.M. and concluded at 5:30 P.M. on July 14, 2026.

Director Details

Hindustan Adhesives Limited reported a net profit of ₹1,653 lakh for the financial year ended March 31, 2026, compared to ₹1,541 lakh in the previous year. The company’s revenue from operations for FY26 stood at ₹25,658 lakh, while total revenue, including other income, reached ₹26,145 lakh. For the quarter ended March 31, 2026, the company recorded a net profit of ₹195 lakh on a total revenue of ₹5,943 lakh.

The Board of Directors approved the audited standalone and consolidated financial results at a meeting held on June 25, 2026. Salarpuria & Partners, Chartered Accountants, issued an audit report with an unmodified opinion on the standalone and consolidated financial statements for the year and quarter ended March 31, 2026. The auditors confirmed that the financial results present a true and fair view in conformity with the Indian Accounting Standards (Ind AS).

Standalone Financial Performance

The standalone financial results for FY26 reflect a profit before tax of ₹2,201 lakh. Total expenses for the year amounted to ₹23,793 lakh, which includes a cost of materials consumed at ₹13,985 lakh and employee benefits expenses of ₹2,204 lakh. The company recognized an exceptional item of ₹151 lakh during the year, representing a final settlement with a foreign party, Supastrip Inc., regarding an asset acquisition.

Consolidated Results and Operational Updates

On a consolidated basis, the company reported a net profit of ₹1,490 lakh for FY26, with revenue from operations at ₹25,557 lakh. The consolidated results include the financials of domestic subsidiary M/s Bagla Technopack Private Limited and foreign subsidiary M/s Pt. Bagla Group Indonesia. The foreign subsidiary reported a net loss of ₹162.86 lakh for the year.

During the quarter under review, the company commenced commercial production at its Amta Plant in Kolkata. Additionally, the company invested ₹2,790 lakh in equity, including ₹1,860 lakh as securities premium, in its wholly-owned subsidiary, M/s Bagla Technopack Pvt Ltd, via preferential allotment. The company also recognized an impact of ₹36.73 lakh on employee benefits expenses due to the implementation of new Labour Codes effective from November 21, 2025.