HP Adhesives Reports No IPO Fund Utilization Deviation

HP Adhesives Limited filed a mandatory SEBI disclosure confirming no deviation in the utilization of its ₹1259.63 million IPO proceeds.
The company reported full utilization of funds for working capital, capex, and general corporate purposes as of March 31, 2026.
A surplus of approximately ₹4.6 crores from accrued interest remains and is earmarked for future growth initiatives.