Hilltone Software and Gases Ltd

Deviation in fund utilisation

• Purpose: deviation/variation in utilisation of funds raised through preferential allotment.
• Mode: Preferential Allotment.
• Audit Committee reviewed the deviation on 13 August 2026.
• Deviation exists in utilisation of funds raised.

Financials

• Standalone revenue 158.38 Lakhs; PAT after tax -78.01 Lakhs for quarter ended 30-06-2026.
• EPS: Basic -0.06, Diluted -0.06 for the quarter.

Segment performance

• Gases revenue 144.14 Lakhs; Software 14.23 Lakhs; Engineering Dept nil for quarter ended 30-06-2026.
• Total segment expenses 277.45 Lakhs; segment loss -119.08 Lakhs; Gases segment -44.90 Lakhs.

Funding & liquidity

• Funds raised via preferential issue: Rs 9,88,68,000; date 29-11-2025.
• Unutilised funds as of 30-06-2026: Rs 176.06 Lakhs.

Audit status

• Statement reviewed under Limited Review by statutory auditors; no audit opinion.

Meeting Details

• Date: 13 August 2026; Audit Committee at 02:30 PM and Board at 03:30 PM.
• Location: Registered Office, B/4, K B Complex, Dairy Road, Mehsana, Gujarat.

Key Agenda Items

• Consider and approve unaudited quarterly financial results for the quarter ended June 30, 2026.
• Any other business with the permission of the Chair.

Other Notes

• Results will be published immediately after the Board meeting.

Management changes

• Parinda Mohanbhai Patel appointed CFO, effective 1 August 2026.
• Profile: MBA (GTU); B.Com (Gujarat Univ); prior roles at Angel Broking and Gujarat Co-op Credit Society.
• Ms. Dipika Modi resigns as Director, effective 31 July 2026; ceases Audit, Nomination and Remuneration, Stakeholders Relationship Committees.
• Ms. Dipika Modi confirms no material reasons beyond those stated for resignation.

Dematerialisation status

• RTA confirmed dematerialisation requests processed for quarter ended 30 June 2026; securities listed on the exchanges.
• Physical certificates dematerialised were mutilated and cancelled; depository name substituted as registered owner within 15 days.

Hilltone Software and Gases Limited: Trading window closed from 1 July 2026 and shall be opened 48 hours after the unaudited financial results for the quarter ended 30 June 2026 are announced.