Sonal Adhesives Ltd has transmitted 4,75,400 equity shares to the legal heirs of Ms. Kamal Arora following her demise. The shares were transferred to Mr. Sandeep M. Arora, Ms. Megha M. Arora, and Ms. Mona M. Arora on June 20, 2026. The aggregate shareholding of the promoter and promoter group remains unchanged at 11.54% of the total share capital, as the transmission falls under the exemption provided by Regulation 10(1)(g) of the SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011.

The company submitted the disclosure to BSE Limited on June 23, 2026, under Regulation 10(6) of the SEBI SAST Regulations. The equity share capital of Sonal Adhesives Ltd stands at ₹ 6,06,10,000, comprising 60,61,000 equity shares of ₹ 10 each. Mr. Sandeep M. Arora, the Managing Director, acquired 3,30,031 shares, while Ms. Megha M. Arora and Ms. Mona M. Arora received 63,269 and 82,100 shares respectively.

The transmission altered the individual holdings within the promoter group. Ms. Megha M. Arora's previous holding of 1,42,000 shares increased to 2,05,269 shares, while Ms. Mona M. Arora's holding rose from 82,000 shares to 1,64,100 shares. Mr. Sandeep M. Arora, who previously held no shares, now holds 5.45% of the total share capital.

The updated shareholding pattern for the acquirers is detailed below:

The transferor, Ms. Kamal Arora, held 4,75,400 shares, representing 7.84% of the total share capital prior to the transmission. The company stated that the updated disclosures ensure compliance with regulatory requirements and provide accurate information to the shareholders.

Sonal Adhesives Limited reported a net profit of ₹13.72 crore for the financial year ended March 31, 2026, a decrease of 22% from ₹17.65 crore in the previous year. Revenue from operations for FY26 rose to ₹1,264.44 crore compared to ₹1,103.33 crore in FY25. The company recorded an exceptional item of ₹17.09 lakh during the year related to a one-time increase in employee benefit provisions due to the enactment of New Labour Codes.

The Board of Directors approved the audited financial results for the fourth quarter and year ended March 31, 2026 at a meeting held on May 28, 2026. Statutory auditors M/s. Haziyani & Associates issued an unmodified opinion on the standalone audited financial results. For the quarter ended March 31, 2026, the company reported a net profit of ₹5.05 crore on revenue from operations of ₹342.34 crore.

Financial Performance

The company’s total income for FY26 stood at ₹1,282.75 crore, up from ₹1,116.70 crore in the previous year. Total expenses increased to ₹1,264.43 crore from ₹1,092.45 crore. The basic earnings per share (EPS) for the year declined to ₹2.55 from ₹2.91 in the prior year.

Board Decisions

The Board approved the re-appointment of Sandeep Arora as Managing Director for a further period of three years commencing from June 1, 2026, subject to shareholder approval. His remuneration will be ₹300,000 per month. The appointment is based on the recommendations of the Nomination and Remuneration Committee.

Assets and Liabilities

The company’s total assets as of March 31, 2026, stood at ₹490.31 crore, an increase from ₹413.52 crore in the previous year. Total equity rose to ₹103.51 crore from ₹89.67 crore. Borrowings increased significantly, with non-current borrowings at ₹61.70 crore and current borrowings at ₹156.07 crore.