Announcement under Regulation 30 of SEBI LODR, regarding commencement of new Business/Division
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Hilltone Software and Gases Ltd has launched a new division called 'FINTHERM' on May 24, 2025, venturing into air filters, heat exchangers, evaporative coolers, condensers, centrifugal devices, hybrid/adiabatic coolers, and related purifying machinery for liquids and gases, along with installation, repair, and support services. The company plans to invest approximately ₹150–200 lakhs (₹1.5–2 crore) in this new vertical. The move is aimed at diversifying the business, tapping new market segments, and creating alternate revenue streams alongside the existing operations. The company had not previously operated in this industrial/machinery space, making this a meaningful shift in its business mix.
This diversification could open up new revenue streams and reduce dependence on the existing software and gases business, but the modest investment size (₹1.5–2 crore) suggests a limited near-term impact on overall financials. Shareholders should watch for revenue traction from FINTHERM in upcoming quarterly results.