5434332025-07-012025-09-305434332025-09-305434332025-07-012025-09-30CompositionOfBoardOfDirectors15434332025-09-30CompositionOfBoardOfDirectors15434332025-07-012025-09-30CompositionOfBoardOfDirectors25434332025-09-30CompositionOfBoardOfDirectors25434332025-07-012025-09-30CompositionOfBoardOfDirectors35434332025-09-30CompositionOfBoardOfDirectors35434332025-07-012025-09-30CompositionOfBoardOfDirectors45434332025-09-30CompositionOfBoardOfDirectors45434332025-07-012025-09-30CompositionOfBoardOfDirectors55434332025-09-30CompositionOfBoardOfDirectors55434332025-07-012025-09-30CompositionOfBoardOfDirectors65434332025-09-30CompositionOfBoardOfDirectors65434332025-07-012025-09-30CompositionOfCommittees145434332025-09-30CompositionOfCommittees145434332025-07-012025-09-30CompositionOfCommittees155434332025-09-30CompositionOfCommittees155434332025-07-012025-09-30CompositionOfCommittees165434332025-09-30CompositionOfCommittees165434332025-07-012025-09-30CompositionOfCommittees415434332025-09-30CompositionOfCommittees415434332025-07-012025-09-30CompositionOfCommittees425434332025-09-30CompositionOfCommittees425434332025-07-012025-09-30CompositionOfCommittees435434332025-09-30CompositionOfCommittees435434332025-07-012025-09-30CompositionOfCommittees685434332025-09-30CompositionOfCommittees685434332025-07-012025-09-30CompositionOfCommittees695434332025-09-30CompositionOfCommittees695434332025-07-012025-09-30CompositionOfCommittees705434332025-09-30CompositionOfCommittees705434332025-07-012025-09-30CompositionOfCommittees1225434332025-09-30CompositionOfCommittees1225434332025-07-012025-09-30CompositionOfCommittees1235434332025-09-30CompositionOfCommittees1235434332025-07-012025-09-30CompositionOfCommittees1245434332025-09-30CompositionOfCommittees1245434332025-09-30MeetingOfBoardOfDirectors15434332025-07-012025-09-30MeetingOfBoardOfDirectors15434332025-09-30MeetingOfBoardOfDirectors25434332025-07-012025-09-30MeetingOfBoardOfDirectors25434332025-09-30MeetingOfBoardOfDirectors35434332025-07-012025-09-30MeetingOfBoardOfDirectors35434332025-09-30MeetingOfBoardOfDirectors45434332025-07-012025-09-30MeetingOfBoardOfDirectors45434332025-07-012025-09-30MeetingOfCommittees15434332025-09-30MeetingOfCommittees15434332025-07-012025-09-30MeetingOfCommittees25434332025-09-30MeetingOfCommittees25434332025-07-012025-09-30MeetingOfCommittees35434332025-09-30MeetingOfCommittees35434332025-07-012025-09-30MeetingOfCommittees45434332025-09-30MeetingOfCommittees45434332025-07-012025-09-30MeetingOfCommittees55434332025-09-30MeetingOfCommittees55434332025-06-305434332025-09-30ImpositionOfFineOrPenaltyDomain15434332025-09-30ImpositionOfFineOrPenaltyDomain25434332025-09-30ImpositionOfFineOrPenaltyDomain35434332025-09-30ImpositionOfFineOrPenaltyDomain45434332025-09-30OngoingTaxLitigationsOrDisputesDomain15434332025-09-30OngoingTaxLitigationsOrDisputesDomain25434332025-09-30OngoingTaxLitigationsOrDisputesDomain35434332025-09-30OngoingTaxLitigationsOrDisputesDomain45434332025-09-30OngoingTaxLitigationsOrDisputesDomain5xbrli:pure543433HPALNOTLISTEDINE0GSL01024HP ADHESIVES LIMITED2025-04-012026-03-31Half Yearly2025-09-30EquitytruetruefalseThe Company has not acquired shares or voting rights in Unlisted company during the quarter ended September 2025.truetruefalseThe Company has not given any Loans / Guarantees / Comfort Letters / Securities etc. during the quarter ended September 2025. falseTop 2000 listed entitiestrueCOMH0042OriginaltruetrueMrsAnjana Haresh Motwani******02650184Executive DirectorChairperson1956-03-15falseActiveNA2019-05-071000MrKaran Haresh Motwani******02650089Executive DirectorNot ApplicableMD1985-09-09falseActiveNA2019-05-072025-09-301010MrRajendra Kumar Jain******00144095Non-Executive - Independent DirectorNot Applicable1966-07-05falseActiveNA2021-07-052025-09-3050.252230MrSurendra Kumar Mehta******09211358Non-Executive - Independent DirectorNot Applicable1963-10-06falseActiveNA2021-06-232025-09-3051.071122MrAjeet Anant Walavalkar******09226644Non-Executive - Independent DirectorNot Applicable1956-02-26falseActiveNA2021-07-052025-09-3050.251110MsNidhi Haresh Motwani******06655834Executive DirectorNot Applicable1992-01-01falseActiveNA2022-02-101000truetruetruetrueAudit Committee09211358Surendra Kumar MehtaNon-Executive - Independent DirectorChairperson2021-07-07Audit Committee00144095Rajendra Kumar JainNon-Executive - Independent DirectorMember2021-07-07Audit Committee02650089Karan Haresh MotwaniExecutive DirectorMember2021-07-07Nomination and remuneration committee09211358Surendra Kumar MehtaNon-Executive - Independent DirectorChairperson2021-07-07Nomination and remuneration committee00144095Rajendra Kumar JainNon-Executive - Independent DirectorMember2021-07-07Nomination and remuneration committee09226644Ajeet Anant WalavalkarNon-Executive - Independent DirectorMember2021-07-07Stakeholders Relationship Committee09211358Surendra Kumar MehtaNon-Executive - Independent DirectorChairperson2021-07-07Stakeholders Relationship Committee00144095Rajendra Kumar JainNon-Executive - Independent DirectorMember2021-07-07Stakeholders Relationship Committee09226644Ajeet Anant WalavalkarNon-Executive - Independent DirectorMember2021-07-07Corporate Social Responsibility Committee02650184Anjana Haresh MotwaniExecutive DirectorChairperson2021-12-03Corporate Social Responsibility Committee06655834Nidhi Haresh MotwaniExecutive DirectorMember2024-02-07Corporate Social Responsibility Committee09226644Ajeet Anant WalavalkarNon-Executive - Independent DirectorMember2021-12-032025-05-13true6632025-06-3047true6632025-08-0838true6632025-09-2345true652Audit Committee2025-05-13true3320Audit Committee2025-06-3047true3320Audit Committee2025-08-0838true3320Nomination and remuneration committee2025-08-08true3330Nomination and remuneration committee2025-09-2345true3220truetruetruetrueNAtruetruetrueKaran Haresh MotwaniManaging DirectorYesYesYesYesYesYesYesYesKaran Haresh MotwaniManaging DirectorfalseKaran Haresh MotwaniManaging DirectorMumbai2025-10-1800000The SCN was received by the Company on Saturday, 27th September 2025 from Jt. Commissioner of Customs - (NS - I) Nhava Sheva. However, 27th Saturday and 28th Sunday being weekly off, the same was received by the Company on Monday, 29th September 2025 and accordingly initmated to the Stock Exchanges.Assistant Commissioner, Circle - A CGST & C. Ex. Audit II, MumbaiGST liability due to an audit conducted by the GST authorities for the period FY 2019-20 to 2023-24 which includes interest and penalty as calculated by the department.2025-08-12The Final Audit Report (No. ADT/GST/951/2025, Dated 11.08.2025) by the Assistant Commissioner, Circle -A, CGST & C. Ex. Audit I, Mumbai, for HP Adhesives Limited (GSTIN : 27AAECH9038A1ZR) for 2019-20 to 2023-24 has ascertained GST dues under the CGST Act, 2017, totalling Rs. 3,11,00,894 mentioned as below:- 1. Nonreversal of ITC in respect of IPO Expense (Tax Rs.2,83,85,245) 2. Availment of ITC which is Blocked credit as per section 17(5) (Tax Rs. 6,84,346), 3. Nonreversal of In-eligible ITC as per section 17(5)(h) (Tax Rs. 7,53,576) 4. Non-payment of Interest on delayed payments (Interest Rs. 1,08,081) 5. Unpaid RCM tax on legal fees (Tax Rs. 1,13,571), 6. Unpaid RCM tax on Director fees (Tax Rs. 1,44,900), 7. Shortfall in tax payment of GSTR 3B compared with GSTR 1(Interest Rs. 8,273), 8. Non-payment of interest on SGST Component of DRC-03 paid. (Interest Rs. 1,35,391), 9. Interest on GST Late payment (Interest Rs. 1,93472), 10. Interest on excess availed ITC (Interest Rs, 12153), 11. Non-payment of RCM on foreign bank charges (Tax Rs. 96,397). 12. Non-payment of Tax on Debit Note (Tax Rs. 13,478), 13. Non-Distribution of Proportional ITC in respect of common expenses (Tax Rs. 4,26,624), 14. Non-payment of GST in respect of scrap sale (Tax Rs. 3,907), 15. Non-payment of GST in respect of profit from sale of car (Tax Rs. 1,570), 16. Late fee for delayed GSTR 1 and GSTR 3B (Late fees Rs.900), 17. Interest on delayed payment of GST due to late filing of GSTR 3B (Interest Rs.1,014), 18. Non-Reversal of ITC on sundry balance W/off (Tax Rs.17,996).Out of the above findings, company has accepted specific points & paid Rs 19,25,391/- along with the additional interest calculated till date (wherever applicable). For balance findings of Rs 2,91,75,502/ -, company is evaluating further course of action & necessary disclosures will be made at relevant stages of adjudication.Assessment Unit, Income Tax DepartmentOrder passed for the FY 2018-19 under Section 270A of the Income Tax Act, 1961 (“IT Act”), for a penalty of Rs.2.82 lacs2025-08-13The Company has been ordered for the payment of 200% penalty ie Rs 2.82 lacs on the assessed demand of Rs 1.41 lacs.While passing order u/s 270A of the IT Act, the authority has overlooked that the company has applied for a rectification U/s 154 for FY 2018-19 against the assessment order u/s 147 r.w.s 144 read with section 144B of the Income-tax Act, 1961 dated March 2204, 2025 & the rectification order has not been passed till date. The company has reviewed the order and has decided to file an appeal with the department.Additional Commissioner CGSTAudit II Commissionerate, MumbaiShow cause cum demand notice (SCN) issued U/s 74(1) of CGST Act, 2017 of Rs 2,91,75,420/-along with interest & penalty as may be applicable pursuant to the GST audit conducted by the GST authorities for the period FY 201920 to 2023 24.2025-09-26SCN has ascertained GST dues totalling to Rs.2,91,75,420/-as per the details mentioned as below: - 1. Non reversal of ITC in respect of IPO Expense (Tax Rs.2,83,85,245) 2. Availment of ITC which is Blocked credit as per section 17(5) (Tax Rs 2,67,154) (Original tax liabilityRs. 6,84,346 Less Paid Rs 4,17,192), 3. Non-payment of RCM on foreign bank charges (Tax Rs. 96,397), 4. Non-Distribution of Proportional ITC in respect of common expenses (Tax Rs. 4,26,624)The Company will be filing detailed reply with facts, figures and justification to SCN before the GST Authorities. The Company believes that it has adequate legal grounds to reasonably substantiate its position in this matter and does not expect any material impact on financial, operation or other activities of the company due to the said Order.Jt. Commissioner of Customs – (NS – I) Nhava ShevaShow cause notice (SCN) in relation to unpaid Anti-Dumping Duty (ADD) amounting to Rs 28,70,934/- pertaining to an import transaction of FY 21-22.2025-09-27Company imported goods worth Rs 85.5 lacs in the months of May & June 2021 vide BOE number 4122888 & 4189643 respectively. SCN refers to the Notification No 25/2021 dated 26th April 2021 wherein ADD was applicable on the said imports thereby creating an additional liability on 28.7 lacs.The Company is evaluating the SCN & will be filing detailed reply with facts and justification with the required evidence substantiating its position. Company believes there is no immediate impact on financial, operations or other activities of the Company.Income Tax Officer Ward 24 (2) (1), Mumbai2017-06-28Appeal Hearing PendingNo Change from the last disclosureCommissioner CGST Central Excise, Raigad2018-06-07The OIO was settled by the company under The Sabka Vishwas (Legacy Dispute Resolution) Scheme however the order the waive redemption fine is yet to receive from the department. Company has submitted a BG worth Rs. 55 Lakhs for the same.No Change from the last disclosureCommissioner of CGST & Central Excise, Raigad2021-03-11Company had filed an appeal against the order & the matter was pending before the Hon'ble - Appellate. Appeal was later rejected due to non appearance by CESTAT. Company will pay the demand as per the order.No Change from the last disclosureOffice Of The ACIT Circle 24 (1) Mumbai2025-03-22Rectification Filed Dt.08.04.2025 vide Ack. No. 928832590080425.We have received a penalty order from the department via email on Dt.11th August, 2025 amounting to Rs.2.82 lacs on the assessed demand of Rs 1.41 lacs (the balance liability) , however the rectification order is still not issued by the department.Company has preferred an appeal against the penalty order u/s 270A of the Income Tax Act , 1961.Government Of India, Department Of Revenue GST (Audit-II), Mumbai2025-07-01NILGST Audit was conducted for the period FY 2019 to FY 2024 & the company had received the Observation Letter from GST (AUDIT-II) Mumbai Division. Dated.1st July, 2025, vide reference F.No.ADT/GST/951/2025-GR 2-CGST-ADT CIR-1-ADT-II-MUMBAI. with a total computed liability of Rs 3.11 crore, Company had paid Rs 0.19 crore along with the applicable interest and penalty over and above the same against the accepted liability & contested against the liability of Rs 2.91 crore, Department further issued the Final Audit Report dated 1st August,2025 followed by SCN dated 26th Septemeber,2025 on the same lines . Company will prefer appeal within the stipulated time period.