Hipolin Ltd

AGM Details

• Held on 29 September 2026 via two-way VC/OAVM.
• Meeting started 04:08 PM IST and concluded 04:35 PM IST.
• Remote e-voting conducted 25–28 September 2026.
• Quorum confirmed; scrutinizer appointed.

Key Resolutions

• Ordinary: adopt audited financial statements and reports.
• Ordinary: re-appointment of Shaileshkumar Shah, retiring by rotation.
• Special: redesignate Shah to Executive Managing Director and approve remuneration.

Voting Status

• Res 1: Voting results pending; to be declared within 48 hours.
• Res 2: Voting results pending; to be declared within 48 hours.
• Res 3: Voting results pending; to be declared within 48 hours.

Director Changes

• Shaileshkumar Shah reappointed as Director (retiring by rotation).
• Shaileshkumar Shah redesignated from Non-Executive to Executive Managing Director; remuneration approved.

Hipolin Limited – Trading Window closed from 01 October 2026 till the declaration of Unaudited Financial Results for the quarter and half year ended 30 September 2026 and two days thereafter

Financials

• Standalone total income: 1433.32 Lacs, down from 2193.37.
• Standalone PAT: (77.07) Lacs; EPS: (2.46) Rs.
• Consolidated total income: 1433.37 Lacs; Consolidated PAT: (77.12) Lacs.
• Dividend declared: none for FY2025-26.
• Balance sheet shows equity capital Rs 313.13 Lacs; total equity Rs 739.58 Lacs.

Operations & segments

• Primary segment: Detergent Powder & Cake; single reportable segment.
• Turnover FY2025-26: 1414.70 Lacs; no exports.
• Domestic sales dominate; no stated foreign revenue.

Capital structure & liquidity

• Authorized capital Rs 500 Lacs; paid-up Rs 313.13 Lacs.
• Overdraft against fixed deposits: Rs 51.11 Lacs; long-term borrowings minimal.
• Net debt to equity: standalone 0.07; consolidated 0.08.

Governance & audit

• CFO vacancy noted by secretarial audit; not filled timely.
• Independent directors’ tenure exceeds 10 years; no new independents appointed.
• Statutory auditor: S D P M & Co; Secretarial auditor: M K Samdani & Co.
• Board meetings: 5; Audit Committee: 4 meetings in 2025-26.

Subsidiaries

• Subsidiary: Jayantilal Bhogilal Chemicals Pvt Ltd; 99.99% holding.
• Consolidated figures include subsidiary; subsidiary shows small net assets.

Audits & internal controls

• Internal controls adequate; no material fraud reported.
• Secretarial audit notes CFO vacancy and independent director tenure issue.

Outlook & risks

• Indian detergent market expected to grow; competition remains intense.
• Profitability under pressure from raw material costs; focus on yield improvements.

AGM & approvals

• 33rd AGM scheduled for 29 September 2026 via VC/OAVM.
• Special resolution to designate Shaileshkumar Shah as Executive Managing Director from 29/09/2026.
• Notice confirms e-voting; proxies not allowed due VC meeting format.

Book Closure Details

• Book closure from 22 September 2026 to 29 September 2026 (inclusive) for AGM on 29 September 2026.
• Security: Equity shares (Scrip 530853).

Key board approvals

• Re-designated Shaileshkumar Shah as Executive Managing Director; remuneration approved.
• Appointed Megha Samdani as Scrutinizer for the 33rd AGM.

AGM notices and governance

• Approved Notice and Director Report for 33rd AGM 2025-26.
• Book closure from 22 Sep to 29 Sep 2026.

Voting and meeting logistics

• Cut-off date for member voting: 22 Sep 2026.
• Remote e-voting: 25–28 Sep 2026.
• AGM date/time: 29 Sep 2026 at 4:00 PM via VC/OAVM.

Director disclosures

• Annexure A contains particulars of director for appointment/re-appointment.

Regulatory communications

• Notice and Annual Report to be submitted to stock exchanges in due course.

Transaction details

• Seller: Rajasvee Raghav Shah sold Hipolin Ltd shares; disclosure filed under Reg 29(2) on 01/09/2026.

Resignation of Managing Director

• Mr. Prafulla Gattani resigned as Managing Director with immediate effect on 14 August 2026.
• Resignation reason stated as pre-occupation; resignation letter attached.
• Company to file necessary ROC forms per regulatory requirements.

Demise of Independent Director

• Independent Director Mr. Umeshchandra P Mehta died on 31 July 2026.
• Intimation received 14 August 2026; BSE notified promptly.
• No listed-entity directorships held by the director.

Transaction details

• Target Company: Hipolin Ltd
• Disclosing Party: Rajasvee Sagar Shah (Promoter)
• Transaction Type: Disposal of equity shares
• Pre-Transaction Holding: 293,560 shares, 9.38%
• Transaction Details: 293,560 shares sold, 9.38%
• Mode of transaction: Open market
• Date of transaction: 20/08/2026
• Equity share capital before: 3,131,300
• Equity share capital after: 3,131,300
• Total diluted share capital: 3,131,300