Hindustan Adhesives Limited announced its 38th Annual General Meeting (AGM) is scheduled for Wednesday, September 30, 2026. The event will be conducted via Video Conferencing or Other Audio-Visual Means (VC/OAVM) starting at 2:00 pm IST.

The company issued the intimation on September 9, 2026, pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The notice was published in Business Standard in both English and Hindi editions.

E-voting details

Shareholders holding shares as of the cut-off date, Wednesday, September 23, 2026, are eligible to vote. The remote e-voting facility, managed by MUFG Intime India Private Limited, operates during the following window:

Voting rights correspond to the member's shareholding in the paid-up equity capital as of the cut-off date. Members who cast their vote remotely may attend the meeting electronically but cannot vote again.

Annual report access

In compliance with Ministry of Corporate Affairs (MCA) Circular No. 03/2025 dated September 22, 2025, and SEBI Circular No. SEBI/HO/CFD/CFD-PoD-2/P/CIR/2024/133 dated October 3, 2024, the Notice of the AGM and the Annual Report for FY26 are being sent electronically only. Physical copies have been dispensed with.

Documents are available on the company website, stock exchange portals, and the e-voting agency’s platform. The Register of Members and Share Transfer Books will remain closed from September 24, 2026, to September 30, 2026, inclusive.

Mr. Mukesh Kumar Agarwal, Company Secretary in Practice, has been appointed as the Scrutinizer for the e-voting process.

Hindustan Adhesives Limited has scheduled its 38th Annual General Meeting (AGM) for September 30, 2026, to seek shareholder approval for enhancing its borrowing limits to ₹500 crore.

The meeting will be conducted via video conferencing or other audio-visual means (VC/OAVM) in compliance with Ministry of Corporate Affairs (MCA) General Circular No. 03/2025 and SEBI Listing Regulations. The company has set September 23, 2026, as the record date for determining eligibility to vote and participate in the AGM.

Key Resolutions

The AGM notice outlines several ordinary and special resolutions for shareholder consideration:

• Borrowing Limits: Approval to borrow up to ₹500 crore under Section 180(1)(c) of the Companies Act, 2013, superseding the previous limit of ₹300 crore.
• Creation of Charges: Consent to create charges on movable and immovable properties to secure borrowings up to ₹500 crore under Section 180(1)(a).
• Investments: Approval for investments, loans, and guarantees up to ₹500 crore under Section 186 of the Companies Act, 2013.
• Related Party Transactions: Approval for loans/guarantees to entities in which directors are interested, up to ₹500 crore under Section 185.

Director Appointments and Remuneration

The meeting will also address the reappointment and appointment of key board members:

• Mrs. Urmila Goenka: Reappointment as Whole-Time Director for three years (September 30, 2026 – September 29, 2029). Her monthly salary is set at ₹30,000.
• Mr. Ravi Kumar Aggarwal: Reappointment as Independent Director for a second five-year term (August 26, 2026 – August 25, 2031).
• Mr. Anil Mathur: Appointment as Independent Director for a five-year term (July 14, 2026 – July 13, 2031).
• Mr. Madhusudan Bagla: Approval for remuneration as Managing Director, including a monthly salary of ₹17,50,000 and specified perquisites.
• Mr. Ashok Kumar Pathak: Approval for remuneration as Whole-Time Director.

Additionally, the Board seeks approval for the remuneration of Mrs. Anju Bagla (Sales Export Manager) and Mrs. Surbhi Bagla (Export Sales Manager - USA), both capped at ₹5,00,000 per month, pursuant to Section 188 of the Companies Act, 2013.

Financial Performance Context

The explanatory statement accompanying the AGM notice highlights the company's financial performance over the last three fiscal years. While revenue declined from ₹30,416 lakh in FY24 to ₹25,658 lakh in FY26, profit before tax increased to ₹2,352 lakh in FY26 compared to ₹2,185 lakh in FY24. Profit after tax also rose to ₹1,652 lakh in FY26 from ₹1,640 lakh in FY24.

The Board attributes the recent profit adequacy challenges to lower capacity utilization and unfavorable market conditions, noting that marketing efforts have been intensified following an increase in post-election demand.

E-Voting Details

Remote e-voting will commence on September 27, 2026, at 9:00 am and conclude on September 29, 2026, at 5:00 pm. Shareholders holding shares as on the cut-off date can cast their votes electronically through MUFG Intime India Private Limited. The register of members and share transfer books will remain closed from September 24 to September 30, 2026.