Hindustan Adhesives Ltd — Results, 03-07-2025: Result

Hindustan Adhesives Limited has announced a board meeting to approve the financial results for the quarter and half-year. The company reported a fire incident at its Roorkee plant causing total loss of plant, machinery, building, and stock. An insurance claim of Rs 2.13 Cr has been recognized as receivable, though formal acceptance from the insurer is pending, leading to a qualified auditor’s opinion due to uncertainty over recoverability. The company founded a new Indonesian subsidiary, PT Bagla Group Indonesia, with 51% ownership. The audited financial statements reflect this impact and include its subsidiaries, with no change to the going concern status.