HP Adhesives Limited — Important, 12-08-2025: General Updates

HP Adhesives faced a GST audit for FY19-24, resulting in a demand of Rs 3.11 Cr for short GST payments, interest, and penalty. The company has proactively paid Rs 0.19 Cr, covering certain identified discrepancies. For the remaining Rs 2.91 Cr, HP Adhesives is assessing its options for resolution. The company affirmed its cooperation and enhanced its compliance measures. This development highlights a tax liability for the company, with a portion currently under review, impacting near-term cash flow for the paid amount.