Pursuant to Regulation 30 SEBI (LODR) Regulations, 2015- Change in Management

Hikal Ltd reported a net loss of Rs 487 million for FY2026, a sharp reversal from profit of Rs 909 million in FY2025. Revenue declined 8% to Rs 17,126 million from Rs 18,598 million. The loss was driven by exceptional items totalling Rs 851 million, including a Rs 471 million impairment charge for plant repurposing and Rs 380 million from new labour code implementation. The Board recommended a final dividend of Rs 0.40 per share (20%), bringing total FY26 dividend to Rs 0.60 per share (30%), significantly lower than Rs 1.40 per share (70%) paid in FY25. Mr. Sandip Parikh was appointed as Additional Independent Director for a 5-year term. The filing also notes ongoing concerns including a USFDA warning letter for the Jigani facility impacting Pharma segment sales and an environmental compliance matter pending before the Supreme Court.