Hester Biosciences has closed its trading window for dealing in equity shares starting October 1, 2026. This measure is implemented ahead of the announcement of financial results for the quarter and six months ended September 30, 2026.

Regulatory compliance and timeline

The company stated that the closure is pursuant to the SEBI (Prohibition of Insider Trading) Regulations and its internal code of conduct. This code regulates and monitors trading by directors, promoters, designated employees, specified connected persons, and material subsidiaries, including their immediate relatives.

The trading window will remain closed until 48 hours after the financial results become generally available as public information. This standard protocol ensures that insiders do not trade while possessing unpublished price-sensitive information.

Key dates and details

The communication was signed by Vinod Mali, Company Secretary and Compliance Officer, on September 25, 2026. The notice was filed with both BSE Limited and the National Stock Exchange of India Limited.

Hester Biosciences shareholders approved the reclassification of two promoter group members as public shareholders via a postal ballot. The ordinary resolution passed with 99.99% assent on September 4, 2026.

The company sought approval under Regulation 31A of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. Shareholders voted through remote e-voting between August 5 and September 3, 2026. Central Depository Services (India) Limited facilitated the voting process.

Voting Results

A total of 89 shareholders cast valid votes representing 3,981,963 shares. Two votes comprising 40,227 shares were declared invalid. The promoters and promoter group held no interest in the resolution.

Reclassification Details

The resolution affects Mr. Ravin Gandhi and Ms. Bela Gandhi. Both individuals hold less than 10% of the paid-up equity share capital and do not exercise control over the company. They are not represented on the Board of Directors or as key managerial personnel.

Mr. Ravin Gandhi holds 403,320 shares (4.74% of paid-up capital). Ms. Bela Gandhi holds 400,635 shares (4.71% of paid-up capital). The outgoing promoters confirmed they are not willful defaulters or fugitive economic offenders.

What the Numbers Show

The promoter group demonstrated high engagement, polling 77.42% of their outstanding shares with unanimous support for the reclassification. In contrast, public institutional holders showed lower participation at 36.25%, while public retail participation stood at 11.06%.