HP Adhesives Limited — Important, 26-03-2025: Disclosure of material issue

HP Adhesives Limited has announced a board meeting to address a demand order from the Income Tax Department concerning the FY 2018-19, amounting to Rs. 2.42 Crores, comprising Rs. 1.41 Crores in tax and Rs. 1.01 Crores in interest. The delay in reporting this order was attributed to its late receipt on a non-business day. The company has already paid Rs. 1.38 Crores towards advance and self-assessment taxes and plans to submit a rectification request to the tax authorities. Management believes this situation will not significantly impact the financial health of the company. This news may foster a positive outlook among investors, reflecting effective management responsiveness.