HP Adhesives Limited
HP Adhesives Limited is an adhesives and sealants company. The company manufactures a wide range of consumer adhesives and sealants such as PVC, cPVC, and uPVC solvent cement, synthetic rubber adhesive, PVA adhesives, silicone sealant, acrylic sealant, gasket shellac, other sealants, and PVC pipe lubricants. Apart from the above products, the company also sells ancillary products like ball valves, thread seals, and…
What HP files
- Others57
- Important19
- Board Meeting15
- Updates5
- Results5
- Dividend/Bonus4
HP Adhesives' Board declared a Rs 0.40/share dividend for FY26, pending AGM approval. Dividend income is now taxable, with TDS deducted at source. Shareholders must submit required documents to the RTA for appropriate tax deduction.
The company updated a note in its financial disclosures, correcting a survey number from 7/18 to 7/14 related to a past fire incident. This is a minor administrative change with no new operational or financial impact.
HPAL's manufacturing unit in Raigad experienced a fire with no casualties. Damage assessment is underway, which may impact production. The company has adequate insurance coverage and is filing claims, aiming to restore operations swiftly.
HP Adhesives received a Customs Show Cause Notice for ₹0.287 Cr regarding unpaid Anti-Dumping Duty from FY21-22 imports. The company is evaluating the notice and expects no immediate financial or operational impact, planning a detailed reply.
HP Adhesives received a GST Show Cause Notice demanding ₹2.91 Cr plus interest/penalty for FY19-24, mainly regarding ITC on IPO expenses. The company plans to contest, expecting no material financial or operational impact.