Integrated Filing — IndAS



General information about company

Scrip Code 543433
NSE Symbol HPAL
MSEI Symbol NOTLISTED
ISIN INE0GSL01024
Name of company HP ADHESIVES LIMITED
Type of company Main Board
Class of security Equity
Date of start of financial year 01-04-2026
Date of end of financial year 31-03-2027
Date of board meeting when results were approved 13-08-2026
Date on which prior intimation of the meeting for considering financial results was informed to the exchange 10-08-2026
Description of presentation currency INR
Level of rounding used in financial results Lakhs
Reporting Type Quarterly
Reporting Quarter First quarter
Nature of report standalone or consolidated Standalone
Whether results are audited or unaudited for the quarter ended Unaudited
Whether results are audited or unaudited for the Year to date for current period ended/year ended
Segment Reporting Single segment
Description of single segment Manufacturing of Adhesives and Sealants
Start date and time of board meeting 13-08-2026   15:30:00
End date and time of board meeting 13-08-2026   19:00:00
Whether cash flow statement is applicable on company
Type of cash flow statement
Declaration of unmodified opinion or statement on impact of audit qualification Not applicable
Whether statement on deviation or variation for proceeds of public issue, rights issue, preferential issue, qualified institutions placement etc. is applicable to the company for the current quarter? No
No. of times funds raised during the quarter
Whether the disclosure for the Default on Loans and Debt Securities is applicable to the entity? No
No default in Loans and Debt Securities.



Financial Results Ind-AS

Amount in (Lakhs)

Particulars 3 months/ 6 months ended (dd-mm-yyyy) Year to date figures for current period ended (dd-mm-yyyy)
A Date of start of reporting period 01-04-2026 01-04-2026
B Date of end of reporting period 30-06-2026 30-06-2026
C Whether results are audited or unaudited Unaudited Unaudited
D Nature of report standalone or consolidated Standalone Standalone
1 Income
Revenue from operations 6,333.60 6,333.60
Other income 101.85 101.85
Total income 6,435.45 6,435.45
2 Expenses
(a) Cost of materials consumed 3,617.46 3,617.46
(b) Purchases of stock-in-trade 1,539.57 1,539.57
(c) Changes in inventories of finished goods, work-in-progress and stock-in-trade (950.63) (950.63)
(d) Employee benefit expense 975.26 975.26
(e) Finance costs 80.52 80.52
(f) Depreciation, depletion and amortisation expense 127.06 127.06
(f) Other Expenses
1 Other Expenses 1,172.25 1,172.25
Total other expenses 1,172.25 1,172.25
Total expenses 6,561.49 6,561.49
3 Total profit before exceptional items and tax (126.04) (126.04)
4 Exceptional items 0.00 0.00
5 Total profit before tax (126.04) (126.04)
6 Tax expense
7 Current tax 0.00 0.00
8 Deferred tax (42.40) (42.40)
9 Total tax expenses (42.40) (42.40)
10 Net movement in regulatory deferral account balances related to profit or loss and the related deferred tax movement 0.00 0.00
11 Net Profit Loss for the period from continuing operations (83.64) (83.64)
12 Profit (loss) from discontinued operations before tax 0.00 0.00
13 Tax expense of discontinued operations 0.00 0.00
14 Net profit (loss) from discontinued operation after tax 0.00 0.00
15 Share of profit (loss) of associates and joint ventures accounted for using equity method 0.00 0.00
16 Total profit (loss) for period (83.64) (83.64)
17 Other comprehensive income net of taxes 4.09 4.09
18 Total Comprehensive Income for the period (79.55) (79.55)
19 Total profit or loss, attributable to
Profit or loss, attributable to owners of parent
Total profit or loss, attributable to non-controlling interests
20 Total Comprehensive income for the period attributable to
Comprehensive income for the period attributable to owners of parent
Total comprehensive income for the period attributable to owners of parent non-controlling interests
21 Details of equity share capital
Paid-up equity share capital 1,837.49 1,837.49
Face value of equity share capital 2 2
27 Details of debt securities
22 Reserves excluding revaluation reserve
23 Earnings per share
i Earnings per equity share for continuing operations
Basic earnings (loss) per share from continuing operations -0.09 -0.09
Diluted earnings (loss) per share from continuing operations -0.09 -0.09
ii Earnings per equity share for discontinued operations
Basic earnings (loss) per share from discontinued operations 0 0
Diluted earnings (loss) per share from discontinued operations 0 0
ii Earnings per equity share
Basic earnings (loss) per share from continuing and discontinued operations -0.09 -0.09
Diluted earnings (loss) per share from continuing and discontinued operations -0.09 -0.09
24 Debt equity ratio
25 Debt service coverage ratio
26 Interest service coverage ratio
27 Disclosure of notes on financial results Textual Information(1)



Disclosure of notes on financial results

Textual Information(1) Notes to the Standalone financial results for the quarter ended June 30, 2026 1 The above standalone financial results of the Company have been reviewed by the Audit Committee and then approved by the Board of Directors at their respective meetings held on August 13, 2026. Management has exercised necessary due diligence to ensure that the financial results for these periods provide a true and fair view of the Company's affairs. 2 This statement has been prepared in accordance with the Indian Accounting Standards (Ind AS) as prescribed under Section 133 of the Companies Act, 2013 read with Rule 3 of Companies (Indian Accounting Standards) Rules, 2015 and relevant amendment rules thereafter and other recognised accounting practices and policies to the extent applicable. 3 The Company operates primarily in adhesives & sealants segment, hence there is only one reportable business segment viz. “Adhesives & Sealants Products”. Accordingly no separate disclosures have been made for segment reporting under Ind AS 108. 4 The Company had raised net IPO proceeds of Rs. 9,669.12 Lakhs during the year ended March 31, 2022, which stood fully utilised as on March 31, 2026. There is no unspent IPO proceeds. Amount lying in the Monitoring Agency Account as on June 30, 2026 and bank FD through the same represents surplus funds. 5 Exception Items includes : (a) The exceptional items for the previous year ending March, 2026 includes Rs. 32.34 lakhs paid towards the accepted portion of the GST demand (Rs. 311.01 lakhs) raised pursuant to the GST Audit for FY 2019-20 to 2023-24, and Rs. 6.58 lakhs paid pursuant to the Final Order of Hon'ble CESTAT, Mumbai. No further amount has been reported under Exceptional Items in respect of these matters during the quarter ended June 30, 2026. (b) On 21 November, 2025, the Government of India notified the four 'Labour Codes- the Code on Wages, 2019, the Industrial Relations Code, 2020, the Code on Social Security, 2020, and the Occupational Safety, Health and Working Conditions Code, 2020- consolidating 29 existing labour laws. The Company has assessed gratuity liability and has disclosed the incremental impact of these changes of Rs. 42.06 Lakh on the basis of best information available, consistent with the guidance provided by the ICAI. Considering the materiality and regulatory-driven, non-recurring nature of this impact, the Company has already presented such incremental impact under Exceptional items in the statement of profit and loss for the year ended 31 March, 2026 (c) On January 17, 2026, a fire incident occurred at Unit I of the Company located at Survey No. 7, Hissa 14, Village Narangi, Taluka Khalapur, District Raigad, damaging certain property, plant and equipment, and inventory, and disrupting operations. The Company holds insurance coverage for reinstatement value of damaged assets and business interruption losses. The Company had earlier recognised an estimated loss of INR 2,498.50 lakhs under Exceptional Items for the quarter ended March 31, 2026, with a corresponding insurance claim receivable under Other Current Financial Assets, pending final assessment and settlement of the insurance claim. During the quarter ended June 30, 2026, the Company has further recognised an additional loss of INR 89.84 lakhs under Exceptional Items, comprising write-off of PPE of INR 63.45 lakhs and debris removal and related expenses of INR 26.38 lakhs, with a corresponding increase in the insurance claim receivable. The final impact, if any, will depend on completion of the claim assessment and settlement 6 Previous periods/quarter figures have been regrouped/reclassified wherever necessary. The impact of such reclassification/ regrouping is not material to the financial statements. 7 Figures for the quarter ended 31 March, 2026 as reported in these financial results are the balancing figures between audited figures in respect of the full financial year and the published year to date figures upto the end of the third quarter of the relevant financial year. 8 The results for the quarter ended June 30, 2026 are available on the Bombay Stock Exchange of India Limited website (URL: https://www.bseindia.com/corporates) and the National Stock Exchange of India Limited website (URL: https://www.nseindia.com/corporates).



Remarks

Debt equity ratio
Debt service coverage ratio
Interest service coverage ratio


Format for Reporting Segment wise Revenue, Results and Capital Employed along with the company results

Amount in (Lakhs)

Particulars 3 months/ 6 month ended (dd-mm-yyyy) Year to date figures for current period ended (dd-mm-yyyy)
Date of start of reporting period 01-04-2026 01-04-2026
Date of end of reporting period 30-06-2026 30-06-2026
Whether results are audited or unaudited Unaudited Unaudited
Nature of report standalone or consolidated Standalone Standalone
1 Segment Revenue (Income)
(net sale/income from each segment should be disclosed)
Total Segment Revenue
Less: Inter segment revenue
Revenue from operations
2 Segment Result
Profit (+) / Loss (-) before tax and interest from each segment
Total Profit before tax
i. Finance cost
ii. Other Unallocable Expenditure net off Unallocable income
Profit before tax
3 (Segment Asset - Segment Liabilities)
Segment Asset
Total Segment Asset
Un-allocable Assets null null
Net Segment Asset null null
4 Segment Liabilities
Segment Liabilities
Total Segment Liabilities
Un-allocable Liabilities null null
Net Segment Liabilities null null
Disclosure of notes on segments



Other Comprehensive Income

Amount in (Lakhs)

Particulars 3 months/ 6 months ended (dd-mm-yyyy) Year to date figures for current period ended (dd-mm-yyyy)
A Date of start of reporting period 01-04-2026 01-04-2026
B Date of end of reporting period 30-06-2026 30-06-2026
C Whether results are audited or unaudited Unaudited Unaudited
D Nature of report standalone or consolidated Standalone Standalone
Other comprehensive income [Abstract]
1 Amount of items that will not be reclassified to profit and loss
1 Re-measurement gains / (losses) on defined benefit plans 5.47 5.47
Total Amount of items that will not be reclassified to profit and loss 5.47
2 Income tax relating to items that will not be reclassified to profit or loss 1.38 1.38
3 Amount of items that will be reclassified to profit and loss
Total Amount of items that will be reclassified to profit and loss
4 Income tax relating to items that will be reclassified to profit or loss
5 Total Other comprehensive income 4.09 4.09