32nd Annual General Meeting of Hilltone Software and Gases Limited is held on 29th September, 2025 at 03:00 P.M. through Video Conferencing or Other Audio Visual Means.
Price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Awaiting price reaction for this filing.
Hilltone Software and Gases Ltd has called its 32nd AGM on September 29, 2025 at 3:00 PM via video conferencing. Routine items include adoption of FY25 audited financials, reappointment of Mrs. Sapnaben Hitalbhai Shah as director (retiring by rotation), and reappointment of M/s Ashvin K. Yagnik & Co. as statutory auditor for 5 years (till FY30). Special business includes appointment of Ms. Dipika Modi as Independent Director for 5 years, appointment of secretarial auditor, and major structural changes: increasing authorised share capital from Rs. 12 Cr to Rs. 15 Cr, altering the main objects of the company to add new business areas (solar power, AI/ML, digital marketing, hospitality, industrial gases, waste management), adopting new Articles of Association, and issuing 30,82,000 equity shares on a preferential basis at Rs. 44 per share (face value Rs. 10), raising Rs. 13.56 Cr from non-promoter allottees. The company is also seeking approval to raise its borrowing and investment limits to Rs. 200 Cr and to increase NRI/OCI investment cap from 10% to 24% and FPI cap from 24% to 49%.
Multiple significant changes are being put to shareholder vote, including a Rs. 13.56 Cr preferential equity dilution (~26% expansion in authorised capital), diversification into new business areas beyond software/gases, and expanded foreign investment limits. If approved, existing shareholders will see dilution from the preferential issue and the company's scope will widen substantially, though near-term EPS impact may be limited as the issue is small relative to authorised capital.