Hikal Limited has secured shareholder approval to appoint Mr. Sandip Parikh as an Independent Director for a five-year term effective from May 27, 2026. The resolution was passed via a postal ballot through remote e-voting, concluding on July 04, 2026. This appointment strengthens the company's board governance structure as Mr. Parikh, who holds DIN 00030990, will serve in this capacity until May 2031 and is not liable to retire by rotation.

The postal ballot process was conducted in accordance with the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015. Dhrumil M. Shah & Co. LLP, Practising Company Secretaries, served as the Scrutinizer to ensure the e-voting was conducted fairly and transparently. The voting period commenced on June 05, 2026, and concluded on July 04, 2026, with the record date set as May 29, 2026.

Voting Results

The special resolution received overwhelming support from shareholders, with 99.99% of valid votes cast in favour. A total of 52,744,371 votes were polled in favour, while 7,107 votes were cast against the resolution. There were no invalid votes recorded during the process. The high participation and approval rate reflect strong shareholder confidence in the new appointment.

Breakdown of Votes

The votes were reconciled with the records maintained by the Registrar and Transfer Agent, MUFG Intime India Private Limited. The Scrutinizer's Report confirmed that the requisite majority was obtained, and the resolution was duly passed. The results have been uploaded on the company's website and the National Securities Depository Limited (NSDL) portal.

Hikal Limited has opened a special window for shareholders to facilitate the transfer and dematerialisation of physical securities. The facility is available for a period of one year, from February 5, 2026, to February 4, 2027. This initiative follows a SEBI Circular dated January 30, 2026, and aims to address pending transfer requests.

The special window applies to physical share certificates where transfer deeds were executed before April 1, 2019, but were either not lodged for transfer or were lodged and subsequently rejected, returned, or not attended to due to document deficiencies. Shareholders whose cases fall under these categories can submit their requests to the company or its registrar.

Eligibility and Exclusions

Not all cases are eligible for this special window. The company has explicitly excluded scenarios involving disputes between the transferor and transferee. Additionally, securities that have already been transferred to the Investor Education and Protection Fund (IEPF) cannot be processed under this mechanism.

Conditions for Issuance

Shareholders utilising this window must note that shares will be issued only in dematerialised form. Furthermore, these shares will remain subject to a one-year lock-in period from the date of issuance. During this lock-in period, the shares cannot be transferred, pledged, or lien-margined.

Submission Details

Eligible shareholders are required to submit their requests along with the requisite documents mentioned in the circular. Submissions can be made to the company or its registrar and share transfer agent, MUFG Intime India Private Limited, formerly known as Link Intime India Private Limited.

The detailed notice and specific document requirements are accessible on the company's website. This move provides a final opportunity for shareholders to regularise their holdings of physical securities that have been pending for several years.