HP Adhesives held its Board of Directors meeting on May 12, 2026, approving the audited standalone and consolidated financial results for the quarter and financial year ended March 31, 2026. The board recommended a final dividend of ₹0.40 per fully paid-up equity share of ₹2 each for FY2025-26, subject to shareholder approval at the ensuing Annual General Meeting. The statutory auditors, M/s Priya Choudhary & Associates LLP, issued an unmodified audit opinion on the financial results. Subsequently, on May 13, 2026, the company filed a corrigendum to the notes to its standalone and consolidated financial results, correcting a survey number in the fire incident disclosure from "Survey no. 7/18" to "Survey no. 7/14."

Consolidated Financial Performance

HP Adhesives reported a consolidated revenue from operations of ₹24,927.52 lakh for the year ended March 31, 2026, compared to ₹24,979.33 lakh in the previous year. Total income stood at ₹25,287.24 lakh versus ₹25,436.95 lakh. The company posted a consolidated profit after tax (PAT) of ₹697.70 lakh for the full year, a significant decline from ₹1,824.36 lakh in the prior year. For the quarter ended March 31, 2026, the company reported a consolidated net loss of ₹237.27 lakh, compared to a profit of ₹358.97 lakh in the same quarter of the previous year. The following table summarises the key consolidated financial metrics:

Standalone Financial Performance

On a standalone basis, HP Adhesives reported revenue from operations of ₹24,866.85 lakh for FY26, compared to ₹24,819.63 lakh in the prior year. Total income was ₹25,210.46 lakh versus ₹25,267.86 lakh. Standalone PAT for the full year stood at ₹688.22 lakh, down from ₹1,784.03 lakh in the previous year. For Q4 FY26, the standalone net loss was ₹238.75 lakh against a profit of ₹411.81 lakh in Q4 FY25. The table below presents key standalone financial metrics:

Balance Sheet Highlights

On a consolidated basis, total assets stood at ₹23,211.35 lakh as at March 31, 2026, compared to ₹22,807.52 lakh in the prior year. Total equity increased to ₹18,774.54 lakh from ₹18,427.97 lakh. Current assets were ₹15,413.96 lakh versus ₹14,753.17 lakh, while total current liabilities stood at ₹4,308.56 lakh against ₹4,134.57 lakh. On a standalone basis, total assets were ₹23,154.06 lakh as at March 31, 2026, with total equity at ₹18,724.73 lakh. The key balance sheet figures are summarised below:

Cash Flow Summary

On a consolidated basis, net cash flows from operating activities after exceptional items stood at ₹707.97 lakh for the year ended March 31, 2026, compared to ₹1,712.95 lakh in the prior year. Net cash used in investing activities was ₹154.56 lakh, while net cash used in financing activities was ₹778.18 lakh. Cash and cash equivalents at the end of the year stood at ₹88.97 lakh, down from ₹313.73 lakh at the beginning of the year. On a standalone basis, net cash flows from operating activities after exceptional items were ₹717.63 lakh, with closing cash and cash equivalents of ₹79.84 lakh.

Fire Incident and Exceptional Items

A fire incident on January 17, 2026, at the company's manufacturing Plant Unit-I located at Survey No. 7/14, Village Narangi, Taluka Khalapur, District Raigad, Maharashtra, resulted in damage to property, plant and equipment, inventory, and interruption of operations. The company has preliminarily recognised an estimated loss of INR 2,498.50 lakh under Exceptional Items, with a corresponding insurance claim receivable disclosed under Other Current Financial Assets. The company has insurance coverage for reinstatement value of damaged assets and loss of profit due to business interruption; the survey and loss assessment by the insurance company are ongoing, and the final outcome may differ from the amount currently recognised. Additionally, exceptional items for the year included ₹32.34 lakh paid towards a GST audit demand and ₹6.58 lakh paid pursuant to a final order by the Hon'ble CESTAT, Mumbai. The company also recognised an incremental gratuity liability impact of ₹42.06 lakh arising from the Government of India's notification of four Labour Codes on November 21, 2025.

Corrigendum to Fire Incident Note

On May 13, 2026, HP Adhesives filed a corrigendum to Note no. 5(d) of its standalone and consolidated financial results for the quarter and year ended March 31, 2026. The corrigendum clarifies that the survey number of the fire-affected plant was inadvertently mentioned as "Survey no. 7/18" in the original filing dated May 12, 2026, and should correctly read as "Survey no. 7/14." The corrigendum forms an integral part of the notes to the financial results and is to be read in conjunction with the financial statements.

IPO Proceeds Utilisation

HP Adhesives completed its Initial Public Offering during the year ended March 31, 2022. As at March 31, 2026, the company has fully utilised the net IPO proceeds of ₹9,669.12 lakh across all stated objects. The utilisation details are as follows:

A balance of ₹0.18 lakh is lying in the monitoring agency account and ₹463.85 lakh in fixed deposits as on March 31, 2026, representing surplus funds.

HP Adhesives Limited has filed its annual disclosure under Regulation 31(4) of the SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011, confirming that the promoter and promoter group, along with Persons Acting in Concert (PACs), have not created any encumbrance on the company's equity shares during the financial year ended March 31, 2026.

Promoter Shareholding Details

The promoters and promoter group collectively hold a substantial ownership stake in HP Adhesives Limited as of the latest reporting period:

Regulatory Disclosure

The disclosure was made in compliance with Regulation 31(4) and 31(5) of the SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011. The declaration confirms that during the financial year ended March 31, 2026, no encumbrance — direct or indirect — has been created on the equity shares of HP Adhesives Limited held by the promoters, promoter group, and PACs.

The filing was submitted to both the National Stock Exchange of India Limited and BSE Limited, as well as to the company's Audit Committee.

Promoter Group Entities

The annual declaration was submitted on behalf of the following promoter group members:

Key Signatories

The annual disclosure was authorized and digitally signed by the following promoter group members on April 30, 2026:

• Anjana Motwani — Chairperson (DIN: 02650184)
• Karan Haresh Motwani — Managing Director (DIN: 02650089)
• Nidhi Motwani — Executive Director (DIN: 06655834)

The filing was submitted by Company Secretary Swati Talgaonkar, digitally signed on April 30, 2026.

Company Information

HP Adhesives Limited, formerly known as HP Adhesives Private Limited, operates from its corporate office in Andheri East, Mumbai. The company is incorporated under CIN: L24304MH2019PLC325019 and maintains its registered office at Chakala, Andheri (East), Mumbai.