Hindustan Adhesives Ltd shareholders approved a proposal to borrow funds up to ₹500 crore during the company's 38th Annual General Meeting (AGM) held on September 30, 2026. The approval was granted under Section 180(1)(c) of the Companies Act, 2013, signaling the board's intent to secure additional financial flexibility for future operations.

The meeting, conducted via Video Conferencing/Other Audio-Visual Means (VC/OAVM), also saw the adoption of standalone and consolidated audited financial statements for FY26. Several director re-appointments were ratified, including Mrs. Urmila Goenka as Whole-Time Director and Mr. Ravi Kumar Aggarwal as Non-Executive Independent Director. The proceedings concluded with the ratification of cost auditor remuneration for FY27.

Key resolutions passed

The following significant items were transacted and approved by the shareholders:

• Adoption of Financials: Standalone and consolidated audited financial statements for FY26 were adopted along with Board and Auditors' reports.
• Director Re-appointments:
  • Mrs. Urmila Goenka was re-appointed as Whole-Time Director via Special Resolution for a further term of 3 years, effective September 30, 2026, to September 29, 2029.
  • Mr. Ravi Kumar Aggarwal was re-appointed as Non-Executive Independent Director via Special Resolution for a further term of 5 years, effective August 26, 2026, to August 25, 2031.
  • Mr. Anil Mathur was appointed as a new Non-Executive Independent Director via Special Resolution for a term of 5 years, effective July 14, 2026, to July 13, 2031.
• Remuneration Approvals:
  • Remuneration payments to Managing Director Madhusudan Bagla, Whole-Time Director Ashok Kumar Pathak, and directors Anju Bagla and Surbhi Bagla were approved.
• Financial Powers:
  • Power to borrow funds not exceeding ₹500 crore was approved under Section 180(1)(c).
  • Creation of charges on movable and immovable properties for borrowings was authorized.
  • Enhancement in limits for investments under Section 186 and transactions under Section 185 were approved.

Governance and compliance updates

The AGM addressed various governance matters, including the retirement by rotation of Mrs. Urmila Goenka, who offered herself for re-appointment. The meeting commenced at 2:00 pm and concluded at 2:25 pm. All resolutions from Item No. 1 to Item No. 14 were passed, with voting results to be forwarded separately upon declaration.

What the numbers show

The approval of a ₹500 crore borrowing limit represents a significant authorization for capital expenditure or working capital needs. While the specific utilization plan is not detailed in the AGM outcome, the concurrent approval for creating charges on present and future movable and immovable properties indicates that these funds are likely intended for secured debt facilities. This move suggests the company is preparing for potential expansion or liquidity management needs in the coming fiscal year.

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.