Hindustan Adhesives Ltd — Updates, 09-05-2025: Company Update

Hindustan Adhesives Limited has announced a board meeting approving an increase in its stake in PT. Bagla Group Indonesia from 51% to 99.99%, making it a wholly owned subsidiary. PT. Bagla operates in processing and wholesale trade industries in Indonesia, with a share capital of 10 billion Rupiah. The acquisition aims to expand operations, strengthen supply chains, and enhance production and distribution capabilities in Indonesia. The investment involved a capital subscription of 9.99 billion Rupiah in cash. This move supports Hindustan Adhesives' strategic growth in overseas markets.