5434332025-10-012025-12-315434332025-04-012025-12-315434332025-10-012025-12-31in-capmkt:OtherExpenses1Member5434332025-04-012025-12-31in-capmkt:OtherExpenses1Member5434332025-10-012025-12-31

ItemsThatWillNotBeReclassifiedToProfitAndLoss1

5434332025-04-012025-12-31

ItemsThatWillNotBeReclassifiedToProfitAndLoss1

iso4217:INRiso4217:INRxbrli:shares

543433

HPAL

NOTLISTED

INE0GSL01024

HP ADHESIVES LIMITED

Main Board

Equity

2025-04-01

2026-03-31

2026-02-12

2026-02-06

INR

Lakhs

Quarterly

Third quarter

Single segment

Manufacturing of Adhesives and Sealants

2026-02-12

15:30:00

2026-02-12

19:00:00

Not applicable

2025-10-01

2025-12-31

Unaudited

Consolidated

653671000

9295000

662966000

298573000

106936000

-9088000

101388000

6445000

15055000

116389000

635698000

27268000

-4864000

22404000

9113000

-2931000

6182000

16222000

102000

16324000

16222000

102000

183749000

0.18

Notes to the Consolidated financial results for the quarter and nine months ended 31.12.25 1. The above consolidated financial results of the Company have been reviewed by the Audit Committee and approved by the Board of Directors at their respective meetings held on February 12, 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 vide Board Meeting dt. 7th February, 2024 has incorporated wholly owned subsidiary with effect from April 11, 2024 through Investment in 100% shares (along with nominee holder) in M/s Unitybond Solutions Private Limited on May 4, 2024. Pursuant to the same, Company has prepared its consolidated financial results for the quarter ended December 31, 2025, December 31, 2024 and year ended March 31, 2025. 4. The Group 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. 5. During the year ended March 31, 2022, the holding company has completed the Initial Public Offering (IPO) and details of utilization of IPO Proceeds of Rs. 9669.12 Lakhs (adjusted with final share of holding company's share issue expenses) till the end of relevant quarter are as follows: Objects of the Issue (INR Lakhs) IPO Proceeds (Net of IPO Expenses) Utilisation upto 31.12.25 Unutilised as on 31.12.25 (*) Funding working capital requirements of the Company 5,400.00 5,400.00 - Funding Capital expenditure (CAPEX) 2,550.86 2,536.97 13.89 General corporate Purposes (As revised upon finalisation of IPO Expenses) 1,718.26 1,718.26 - Total 9,669.12 9,655.23 13.89 6. (a) During the period, Holding Company's GST Audit was conducted by GST (Audit-II) Wing-Mumbai for the period FY 2019-20 to 2023-24 and passed the final assessment order rasing demand including reversals of input credits for Rs. 311.01 lakhs dated 11.08.2025 out of which company has sou-moto accepted and deposited demand of Rs. ~15 Lakhs and paid it along with Interest and Penalty totalling to Rs. 32.34 Lakhs and protested for the balance demand with applleate authorities. The demand paid of Rs. 32.34 Lakhs has been reported under Exceptional item for the period. (b) Pursuant to Final Order passed by of Hon’ble CESTAT, Mumbai against the Holding Company's appeal payment of demand including interest and penalty of Rs. 6.58 Lakhs made during the quarter has been reported under Exceptional item for the period. (c) 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 Ministry of Labour & Employment published draft Central Rules and FAQs to enable assessment of the financial impact due to changes in regulations. The Group 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 Group has presented such incremental impact under "Exceptional items" in the Statement of Profit and loss for the quarter and nine months ended 31 December, 2025, said incremental impact primarily arises due to change in wage definition. Group continues to monitor the finalisation of Central / State Rules and clarifications from the Government on other aspects of the Labour Code and would provide appropriate accounting effect based on such developments as needed. 7. Subsequent to the reporting date, on 17/01/2026, a fire incident occurred at the Holding Company’s manufacturing facility (one of the building blocks) located at Unit 1, Survey no. 7, Narangi Village, Khalapur, Khopoli, District Raigad (Maharashtra), resulting in damage to property, plant and equipment, as well as inventory while there were no casualties or injuries reported due to the incident. The fire incident has temporarily disrupted the operations of the Company’s main product category of Solvent Cement at the affected Unit. The Company has started its stand by production facilities at its adjoining building & other mitigation measures, including alternate production arrangements and phased resumption of operations, to minimise the impact on production schedules and customer supplies. The inventories and other assets damaged in the fire were covered under valid insurance policies. The Company has initiated the process of lodging the insurance claim. The assessment of the loss and the admissibility of the insurance claim are subject to surveyor’s assessment, policy terms and conditions and regulatory compliances. As the fire incident occurred after Dec 2025, being the reporting date for the current quarter, the same has been treated as a non-adjusting event in accordance with Indian Accounting Standard (Ind AS) 10 – Events after the Reporting Period. Accordingly, no adjustment has been made to the PPE & Inventory balances or the financial results for the quarter and nine months ended 31 December 2025. The financial impact of the said incident, including any insurance recoveries, will be recognized in the period in which the incident occurred, based on assessment and admissibility of the claim. The management has assessed the impact of the above incident on the Company’s operations, liquidity and cash flows and is of the view that the same does not cast any significant doubt on the Company’s ability to continue as a going concern 8. Previous periods/quarter figures have been regrouped/reclassified wherever necessary. The impact of such reclassification/ regrouping is not material to the group's financial statements. 9. The Statement includes the results for the quarter ended Dec 31, 2025 & Dec 31, 2024 which is the balancing figure between the audited figures in respect of the full financial year ended March 31, 2025 and the published unaudited year-to-date figures up to the third quarter of the relevant financial year. 10. The results for the quarter and nine months ended December 31, 2025 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).

2025-04-01

2025-12-31

Unaudited

Consolidated

1965323000

28670000

1993993000

956475000

262969000

-9718000

295241000

19191000

43709000

291898000

1859765000

134228000

-8098000

126130000

33597000

-964000

32633000

93497000

1548000

95045000

93797000

1548000

183749000

1.02

Other Expenses

116389000

Other Expenses

291898000

Re-measurement gains / (losses) on defined benefit plans

136000

Re-measurement gains / (losses) on defined benefit plans

2068000

34000

520000

102000

1548000