HP Adhesives Limited has successfully completed its postal ballot process for the appointment of Dr. Chandra Sekhar Nettem as a Non-Executive Independent Director. The company submitted the postal ballot results to the National Stock Exchange of India Limited and BSE Limited on April 1, 2026, confirming that the special resolution was approved with requisite majority.

Scrutinizer's Report and Process Overview

CS Shivam Sharma of M/s. Shivam Sharma & Associates served as the appointed scrutinizer for the postal ballot process conducted under Section 110 of the Companies Act, 2013. The remote e-voting process was conducted from March 2, 2026, at 9:00 a.m. to March 31, 2026, at 5:00 p.m., with the voting based on the cut-off date of February 20, 2026, when the company had 55,458 shareholders on record.

Voting Results and Approval

The postal ballot demonstrated overwhelming shareholder support for the appointment of Dr. Chandra Sekhar Nettem. Out of 98 members who participated in the e-voting process, 89 members voted in favor of the resolution while 9 members voted against it.

Category-wise Voting Pattern

The voting results demonstrated strong support across different shareholder categories. The promoter and promoter group, holding 65,550,675 shares, voted unanimously in favor with 100.00% participation. Public non-institutional shareholders showed 97.48% support for the resolution, while public institutional shareholders did not participate in the voting process.

Compliance and Legal Framework

The postal ballot process was conducted in accordance with Section 108 and 110 of the Companies Act, 2013, and related rules. The company dispatched the notice of postal ballot via email to shareholders on February 27, 2026, through Bigshare Services Pvt. Ltd., the registrar and transfer agent. Advertisement notifications were published in English newspaper 'Active Times' and Marathi newspaper 'Lakshadeep' on February 28, 2026.

Director Appointment Details

Dr. Chandra Sekhar Nettem (DIN: 10646814) has been appointed as a Non-Executive Independent Director of the company for a term of five years. The appointment was processed as a special resolution, with promoters and promoter group having no interest in the agenda. The voting results and scrutinizer's report have been uploaded on the company's website at www.hpadhesives.com and the e-voting agency's website at www.evotingindia.com .

The successful completion of this postal ballot process strengthens HP Adhesives Limited's board composition with the addition of an independent director, ensuring enhanced corporate governance practices.

HP Adhesives Limited has issued a postal ballot notice to shareholders seeking approval for the appointment of Dr Chandra Sekhar Nettem as Non-Executive Independent Director. The company announced this development through a regulatory filing dated 27th February, 2026, following the Board of Directors' earlier decision on 12th February, 2026.

Director Appointment Details

The proposed appointment seeks to designate Dr Chandra Sekhar Nettem (DIN: 10646814) as Non-Executive Independent Director for a term of five years. The appointment period is scheduled from 12th February, 2026 to 11th February, 2031, with the director not liable to retire by rotation.

Remote E-Voting Process

The company has implemented a comprehensive remote e-voting system for shareholder approval, partnering with Central Depository Services (India) Limited (CDSL) to facilitate the electronic voting process. The voting mechanism follows regulatory compliance requirements under various MCA circulars.

Director's Professional Background

Dr Chandra Sekhar Nettem brings substantial international experience and educational credentials to the board position. His professional background spans multiple countries and sectors, with particular expertise in business architecture and advisory roles.

Educational Qualifications:

• Ph.D from University of Cambridge, UK (Materials Science & Metallurgy)
• MBA from University of Chicago (Graduate School of Business)

Professional Experience:

• Currently operates as Business Architect/Advisor across various sectors
• Former Chief Operating Officer at Sentini FloPipes India Pvt. Ltd, achieving annual turnover of over INR 150 Crores with over 400 employees
• Former Director (Business Development) for Belgian joint venture, Aliaxis - Ashirvad in India
• Technical Project Leader at TWI in the Lasers section at Cambridge, UK
• Experience with Lloyd's Register of Shipping, London
• Chartered Engineer and Chartered Scientist credentials

Committee Memberships

Upon appointment, Dr Nettem will serve as a member of multiple board committees, enhancing the company's governance structure through his participation in key oversight functions.

Proposed Committee Roles:

• Member of Nomination & Remuneration Committee
• Member of Stakeholder's Relationship Committee
• Member of Corporate Social Responsibility Committee

Regulatory Compliance

The appointment process adheres to multiple regulatory frameworks, including provisions under the Companies Act, 2013, and SEBI Listing Regulations. The company has received necessary declarations from Dr Nettem confirming his independence criteria and eligibility for the director position.

The postal ballot notice is available on the company's website at www.hpadhesives.com and on the websites of BSE Limited and National Stock Exchange of India Limited. Shareholders can access detailed voting instructions and procedural guidelines through these platforms and the CDSL e-voting portal at www.evotingindia.com .