Nikhil Adhesives Limited has filed its mandatory quarterly disclosure with BSE Limited under SEBI Regulation 74(5) of the Depositories and Participants Regulations, 2018 for the quarter ended March 31, 2026. The submission was made on April 13, 2026, by Executive Director Rajendra Jayantilal Sanghavi.

Regulatory Compliance Details

The disclosure pertains to the company's compliance with dematerialisation requirements as mandated by securities regulations. Nikhil Adhesives operates as an ISO 9001:2015 certified company specializing in adhesives and textile finishing agents, with products including MAHACOL, EMDILITH, EMDICRYL, and EMDITEX.

Registrar Confirmation Certificate

MUFG Intime India Private Limited, formerly Link Intime India Private Limited, serves as the company's Registrar and Share Transfer Agent. The certificate dated April 3, 2026, was issued by Sr. Vice President-Corporate Registry Ashok Shetty, confirming the company's adherence to regulatory requirements.

The confirmation certificate validates that securities received from depository participants for dematerialisation during the quarter were properly processed within prescribed timelines. MUFG Intime confirmed that all security certificates received for dematerialisation were appropriately verified, mutilated, and cancelled after due verification by depository participants.

Dematerialisation Process Compliance

The certificate confirms several key compliance aspects for the quarter ended March 31, 2026:

• Securities received from depository participants were confirmed (accepted/rejected) to depositories within required timelines
• All securities comprised in the certificates have been listed on stock exchanges where earlier issued securities are listed
• Security certificates received were properly mutilated and cancelled after verification
• Names of depositories have been substituted in the register of members as registered owners

Company Information

Nikhil Adhesives Limited maintains its head office at 902, 9th Floor, A Wing, Kaledonia HDIL Building, Sahar Road, Andheri (E), Mumbai-400069. The company holds CIN L51900MH1986PLC041062 and operates in the adhesives and textile finishing agents sector. MUFG Intime India Private Limited operates from C-101, Embassy 247, L.B.S. Marg, Vikhroli (West), Mumbai-400083, with CIN U67190MH1999PTC118368.

Nikhil Adhesives Limited has published a statutory newspaper advertisement for Form DPT-1 (Circular or circular in the form of advertisement inviting deposits) in compliance with regulatory requirements. The advertisement was published on April 01, 2026, in both English and Marathi newspapers as part of the company's deposit acceptance scheme.

Regulatory Compliance and Publication Details

Pursuant to Regulation 30 of SEBI (Listing Obligations & Disclosure Requirements) Regulations, 2015, the company published the advertisement in "Active Times" (English) and "Mumbai Lakshadeep" (Marathi) newspapers. The information is also available on the company's website at https://www.nikhiladhesives.com/shareholders/ . The circular was signed by Rajendra Sanghavi, Whole-Time Director (DIN: 00245637), and digitally signed on April 01, 2026.

Company Profile and Business Operations

Nikhil Adhesives Limited is a multi-product company manufacturing, selling, and exporting various types of Polymers Emulsions & Adhesives and trading chemicals. The company has announced capacity expansion of a new product named "RDP (Re-dispersible Polymer Powder)" with commercial production expected at the Dahej Plant before the financial year end.

Manufacturing and Branch Network

Deposit Scheme Details

The company offers unsecured fixed deposits to shareholders and the public with the following terms:

Interest Rates and Duration

The company accepts both cumulative and non-cumulative deposits, with quarterly interest payments on non-cumulative deposits. Deposits above the minimum amount must be in multiples of Rs. 1,000 only.

Financial Position and Deposit Limits

Based on the Balance Sheet as at March 31, 2025, the company's deposit acceptance capacity is:

Current Deposit Status

Financial Highlights

The company's financial performance over the last three years shows:

Credit Rating and Risk Assessment

The company has obtained a credit rating of "CRISIL BBB/Positive" from CRISIL Limited on October 01, 2025. This rating indicates moderate degree of safety regarding timely servicing of financial obligations. The deposits are unsecured and rank pari passu with other unsecured liabilities of the company.

Management Structure

The company is managed by a Whole-Time Director under the superintendence, control, and direction of the Board of Directors. Key directors include Rajendra Jayantilal Sanghavi (Executive Whole-Time Director), Umesh Jayantilal Sanghavi (Chairman and Managing Director), and Tarak Jayantilal Sanghavi (Executive Whole-Time Director), among others.

The deposit scheme remains valid for six months from the closure of the financial year or the date of the company's next Annual General Meeting, whichever is earlier, serving as a source of medium-term finance for the company's business operations.