5434332026-01-012026-03-315434332026-03-315434332025-03-315434332025-04-012026-03-315434332026-01-012026-03-31in-capmkt:OtherExpenses1Member5434332025-04-012026-03-31in-capmkt:OtherExpenses1Member5434332026-03-31OtherNoncurrentAssetsDomain15434332026-03-31OtherCurrentFinancialAssetsDomain15434332026-03-31OtherCurrentAssetsDomain15434332026-03-31OtherNoncurrentFinancialLiabilitiesDomain15434332026-03-31OtherCurrentFinancialLiabilitiesDomain15434332026-03-31OtherCurrentFinancialLiabilitiesDomain25434332026-03-31OtherCurrentLiabilitiesDomain15434332026-01-012026-03-31ItemsThatWillNotBeReclassifiedToProfitAndLoss15434332025-04-012026-03-31ItemsThatWillNotBeReclassifiedToProfitAndLoss15434332026-01-012026-03-31AuditorDomain1iso4217:INRiso4217:INRxbrli:shares543433HPALNOTLISTEDINE0GSL01024HP ADHESIVES LIMITEDMain BoardEquity2025-04-012026-03-312026-05-122026-05-06INRLakhsQuarterlyFourth quarterSingle segmentManufacturing of Adhesives & Sealants2026-05-1215:30:002026-05-1219:00:00trueCash Flow IndirectDeclaration of unmodified opinion2026-01-012026-03-31AuditedConsolidated57820700073020005855090002710780001024890006472000104273000746700014576000131515000637870000-523610000-52361000-14127000-14507000-286340000-237270000000-2372700089000-23638000-2372700008900001837490002-0.26-0.2600-0.26-0.26 <BR> <BR> Notes to the consolidated financial results for the quarter ended March 31, 2026 <BR> <BR> 1 The above consolidated financial results of the Group have been reviewed by the Audit Committee and then approved by the Board of Directors at their respective meetings held on [date]. Management has exercised necessary due diligence to ensure that the financial results for these periods provide a true and fair view of the Group's affairs. <BR> <BR> 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. <BR> <BR> 3 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. <BR> <BR> 4 During the year ended March 31, 2022 Group has completed the Initial Public Offering (IPO) and details of utilization of IPO Proceeds of Rs. 9669.12 Lakhs (adjusted with final share of Group's share issue expenses) till the end of relevant quarter are as follows: <BR> <BR> Objects of the Issue (INR Lakhs) IPO Proceeds (Net of IPO Expenses) Utilisation upto 31.03.26 <BR> Funding working capital requirements of the Group 5,400.00 5,400.00 <BR> Funding Capital expenditure(CAPEX) 2,550.86 2,550.86 <BR> General corporate Purposes (As revised upon finalisation of IPO Expenses) 1,718.26 1,718.26 <BR> Total 9,669.12 9,669.12 <BR> *Balance lying in Monitoring agency account Rs.0.18 Lakh & in Fixed Deposits for Rs. 463.85 Lakh as on March 31,2026 represents the surplus funds <BR> <BR> 5 Exception Items includes : <BR> (a) During the period, 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 Group has sou-moto accepted and deposited demand of Rs. ~15 Lakhs and paid it alongwith 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. <BR> (b) Pursuant to Final Order passed by of Hon’ble CESTAT, Mumbai against the Group'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 <BR> (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. <BR> (d) On January 17, 2026, a fire incident occurred at the Unit I of the Company located at Survey no. 7, Hissa 18, Village Narangi, Taluka Khalapur, District Raigad, resulting in damage to certain property, plant and equipment, inventory and interruption of operations. The Company has insurance coverage for reinstatement value of damaged assets and loss of profit due to business interruption. <BR> Pending final assessment of the loss and submission/finalisation of insurance claims relating to reinstatement value of damaged assets and business interruption losses, the Company has preliminarily recognised an estimated loss of INR 2,498.50 lakhs based on the book value of affected assets, damaged inventory and related incidental expenses under Exceptional Items, with corresponding insurance claim receivable disclosed under Other Current Financial Assets based on the Company’s current assessment of the admissible claim under the insurance policy. The final impact, if any, will depend upon completion of assessment and settlement of the insurance claims. <BR> <BR> 6 Previous periods/quarter figures have been regrouped/reclassified wherever necessary. The impact of such reclassification/ regrouping is not material to the financial statements. <BR> <BR> 7 The Statement includes results for the quarter ended 31 March, 2026 and 31 March, 2025 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. <BR> <BR> 8 The results for the quarter ended March 31, 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). <BR> 2025-04-012026-03-31AuditedConsolidated24927520003597200025287240001176775000365458000-32460003995140002665800058284000423413000244685600081868000-80980007377000019471000-15471000400000006977000000006977000016370007140700069770000016370000183749000216937040000.760.76000.760.76Other Expenses131515000Other Expenses42341300071581500047466000001302000000000059710009185000779739000505024000221868000372584000889700073512000111090002694130009573830002721500051774000154139600000232113500018374900016937050001877454000018774540000000574100057410006902000183000012826000325530007719300019928500027647800072739000381770000188010003027700070000430855000004436810002321135000Right of Use Assets9185000Other financial assets269413000Other Current Assets51774000Lease Liabilities5741000Lease Liabilities4040000Other Financial Liabilities68699000Other Current Liabilities18801000636900055803000171460000000-1901070000506770000807000058284000017050000325900025253000-52440000220120000-17210000004101300004123200011500200000036107000-80980007079700000000000012837700000000000000000000013782000099139000-15456000000000000243240001140000036750000534300000-77817000-224760000-22476000313730008897000Re-measurement gains / (losses) on defined benefit plans119000119000Re-measurement gains / (losses) on defined benefit plans2187000218700030000550000890001637000AuditedtrueM/s Priya Choudhary & Associates LLPtrue2027-06-30