SPEB Adhesives promoters declare no share encumbrance in FY26

SPEB Adhesives Limited has confirmed that its promoters, promoter group, and persons acting in concert did not create any encumbrance on shares during the financial year ended March 31, 2026. The disclosure, filed under Regulation 31(4) of the SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011, was submitted to the National Stock Exchange of India Limited on April 4, 2026.

The declaration was made by Gaurav Kirti Vithlani, a Promoter of the company, on behalf of all promoters and the promoter group. The filing stated that no shares of the company were encumbered, directly or indirectly, throughout FY26. This compliance provides transparency regarding the holding status of the company's key stakeholders.

Promoter Shareholding Details

The disclosure included a comprehensive list of promoters and promoter group members along with their respective shareholding quantities as of the filing date. The table below details the shareholding distribution among the key entities.

Sr. No.	Name	Category	No. of shares held
1.	Kirtikumar Vithlani	Promoter	4794960
2.	Meena Vithlani	Promoter Group	10475
3.	Harish Vithlani	Promoter	4794960
4.	Harshad Vithlani	Promoter Group	Nil
5.	Gaurav Vithlani	Promoter	3404375
6.	Seema Sejpal	Promoter Group	28000
7.	Neema Thakkar	Promoter Group	Nil
8.	Rekha Vithlani	Promoter Group	Nil
9.	Bhakti Vithlani	Promoter Group	10475
10.	Mahir Vithlani	Promoter Group	Nil
11.	Gauttam Thakker	Promoter Group	Nil
12.	Mita Thakkar	Promoter Group	Nil
13.	Dharmit Thakkar	Promoter Group	Nil
14.	Madhu Vithlani	Promoter Group	10475
15.	Bhaumik Vithlani	Promoter	3404375
16.	Dolly Rachh	Promoter Group	Nil
17.	Keem Thakkar	Promoter Group	Nil
18.	Harshadbhai Nagadiya	Promoter Group	Nil
19.	Hiteshkumar Nagadiya	Promoter Group	Nil
20.	Navinchandra Nagadiya	Promoter Group	Nil
21.	Gitaben Panchmatia	Promoter Group	Nil
22.	Khyati Vithlani	Promoter Group	10475
23.	Moksh Vithlani	Promoter Group	Nil
24.	Dilip Gala	Promoter Group	Nil
25.	Chintan Gala	Promoter Group	Nil
26.	Sona Industrial Elastomers (Partnership Firm)	Promoter Group	Nil
27.	Ganesh brothers (Partnership Firm)	Promoter Group	Nil
28.	Leomine Organics Private Limited	Promoter Group	Nil
29.	Keentech Secure solutions LLP	Promoter Group	Nil
30.	Metro Lifespaces (I) (Partnership Firm)	Promoter Group	Nil
31.	Expert Enterprise (Partnership Firm)	Promoter Group	Nil
32.	Gaurav Kirtikumar Vithlani (HUF)	Promoter Group	Nil
33.	Kirti K Vithalani HUF	Promoter Group	Nil
34.	Harish K Vithlani HUF	Promoter Group	Nil

The document was signed by Gaurav Kirti Vithlani, bearing DIN 00838641, on April 4, 2026. The company was formerly known as SPEB Adhesives Private Limited.

1 Day	5 Days	1 Month	6 Months	1 Year	5 Years
-1.24%	+0.32%	+69.57%	+67.19%	+67.19%	+67.19%

SPEB Adhesives Limited has reported its audited financial results for the financial year ended March 31, 2026. The company recorded a net profit of Rs 686.58 lacs, representing a 13.4% increase compared to Rs 605.47 lacs in the previous year. Revenue from operations for the year stood at Rs 5,056.83 lacs, up from Rs 4,486.52 lacs in the prior year, reflecting a 12.71% year-on-year growth.

Financial Performance

The company’s EBITDA for FY26 improved to Rs 903.63 lacs from Rs 782.52 lacs in FY25, with an EBITDA margin of 17.87%. Earnings per share (EPS) for the full year rose to Rs 3.59 from Rs 3.44 in the previous year. The half-year ended March 31, 2026, also showed positive performance, with a net profit of Rs 321.39 lacs on revenue from operations of Rs 2,579.97 lacs.

Key Metrics (Rs in Lacs)	Year Ended Mar 31, 2026	Year Ended Mar 31, 2025
Revenue from Operations	5,056.83	4,486.52
Net Profit	686.58	605.47
EBITDA	903.63	782.52
Total Assets	5,797.11	2,727.39

Operational Highlights

Total assets as of March 31, 2026, increased significantly to Rs 5,797.11 lacs from Rs 2,727.39 lacs, driven largely by a successful Initial Public Offering (IPO) in December 2025. The IPO raised Rs 33.73 crores, resulting in a net cash flow from financing activities of Rs 2,403.35 lacs. Cash and bank balances surged to Rs 2,967.07 lacs. The company maintains a debt-free balance sheet with a Return on Equity (ROE) of 12.31% and a Return on Capital Employed (ROCE) of 16.64%.

Business Overview

SPEB Adhesives operates primarily in the solvent-based synthetic rubber adhesive segment, which accounted for 97.85% of its total revenue in FY26. The company serves diverse industries including woodworking, footwear, HVAC, and automotive through a network of over 250 customers and 50,000 retail outlets. It has an annual production capacity of 3600 tons with a utilization rate of 79.60%.

Conference Call Update

Pursuant to Regulation 30 of the SEBI (Listing Obligation and Disclosure Requirements) Regulations 2015, the audio recording of the earnings conference call held on Tuesday, May 19, 2026, is now available. The call was convened to discuss the audited financial results for the half-year and financial year ended March 31, 2026. The recording can be accessed on the company's official website.