Hindustan Adhesives 38th AGM Notice

• AGM Date: September 30, 2026
• Proposed Borrowing Limit: Rs 500 Crore

Reader Takeaway: The AGM seeks to expand financial flexibility while finalizing leadership terms and management remuneration structures.

What just happened

Hindustan Adhesives has issued the formal notice for its 38th Annual General Meeting, which will be held via video conferencing on September 30, 2026. The company has set the book closure dates from September 24 to September 30, 2026, with the cut-off date for e-voting determined as September 23, 2026. Remote e-voting is available from September 27 to September 29, 2026.

Financial and Governance Proposals

The company is seeking shareholder approval for three major financial resolutions, each with a ceiling of Rs 500 crore:

• Borrowing limits exceeding paid-up capital and free reserves.
• Enhanced limits for investments under Section 186 of the Companies Act.
• Authorization for related party transactions, including loans and guarantees under Section 185.

Key Appointments and Remuneration

The board has proposed several adjustments to leadership compensation:

• Mr. Madhusudan Bagla (MD) remuneration fixed at Rs 17.50 lakh per month effective April 2026.
• Re-appointment of Mrs. Urmila Goenka as Whole-Time Director for three years.
• Approval for remuneration up to Rs 5 lakh per month for export management roles held by Mrs. Anju Bagla and Mrs. Surbhi Bagla.
• Appointment and re-appointment of Independent Directors, including Mr. Ravi Kumar Aggarwal and Mr. Anil Mathur.

What to track next

Shareholders should monitor the outcomes of the voting process on these special resolutions, particularly the expansion of borrowing and investment capacities which could influence the company’s capital structure for the upcoming fiscal year.