Nikhil Adhesives Limited has scheduled its 40th Annual General Meeting (AGM) for Tuesday, September 22, 2026. The company confirmed that the meeting will be conducted remotely through Video Conferencing or Other Audio Visual Means (VC/OAVM) commencing at 3:00 pm IST.

The disclosure was made pursuant to Regulation 30 and Regulation 47 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The company published the relevant advertisement in the English newspaper The Free Press Journal and the Marathi newspaper Navshakti on August 19, 2026.

Meeting Details

Shareholders can access further information regarding the meeting agenda and logistics on the company’s official website. The notice was signed by Rajendra Sanghavi, Whole-Time Director, and dated August 20, 2026.

The company’s registered office is located in Mumbai, with manufacturing units across Maharashtra, Dadra and Nagar Haveli, Gujarat, Karnataka, and Himachal Pradesh.

Nikhil Adhesives Limited reported a net profit of ₹235.73 crore for the financial year ended March 31, 2026, marking a 6.4% increase from ₹221.34 crore in the previous year. Revenue from operations for the year stood at ₹563.55 crore, compared to ₹592.18 crore in FY25. The Board of Directors has recommended a dividend of ₹0.22 per equity share for the financial year, subject to shareholder approval at the ensuing Annual General Meeting.

For the quarter ended March 31, 2026, the company recorded a net profit of ₹82.92 crore, a significant rise from ₹57.62 crore in the same period last year. Quarterly revenue from operations increased to ₹165.96 crore from ₹149.11 crore in the corresponding quarter of the previous year. The financial results were reviewed by the Audit Committee and approved by the Board on May 27, 2026.

The Board also approved the re-appointment of key personnel and auditors. Mr. Umesh J. Sanghavi has been re-appointed as Chairman and Managing Director for a period of three years effective from July 10, 2026. Mr. Tarak Jayantilal Sanghavi and Mr. Rajendra J. Sanghavi were re-appointed as Whole Time Directors for three years effective from January 1, 2027. Additionally, M/s. BD G & Co., LLP and M/s. B. F. Modi & Associates were re-appointed as Internal Auditors and Cost Auditors, respectively, for the financial year 2026-27.

The company’s statutory auditors, M/s. PHD & Associates, issued an unmodified opinion on the audited standalone financial results. The results include an exceptional item of ₹36.56 lakh recognized in the quarter ended December 31, 2025, related to a one-time expense for gratuity liability following the notification of new Labour Codes.

Financial Performance

The following table summarizes the financial results for Nikhil Adhesives Limited for the quarter and year ended March 31, 2026:

Key Disclosures

The company changed its accounting policy for inventory valuation from the FIFO method to the Weighted Average Method for raw materials and packing materials, and to the Standard Cost Method for other materials, effective from April 1, 2025. This change was applied retrospectively, resulting in a cumulative effect on retained earnings of ₹44.76 lakh as of April 1, 2024. The company also wrote back a tax liability of ₹70.50 lakh under the Deferred Sales Tax scheme, deeming it no longer payable.