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.

Hikal Limited has initiated a postal ballot process to seek shareholder approval for the appointment of Mr. Sandip Parikh as an Independent Director. The resolution proposes a tenure of five consecutive years commencing from May 27, 2026. Mr. Parikh was initially appointed as an Additional Director by the Board of Directors following a recommendation from the Nomination & Remuneration Committee.

The appointment requires a special resolution under the Companies Act, 2013, and the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015. Mr. Sandip Parikh (DIN: 00030990) is a Chartered Accountant and Law Graduate with 38 years of experience in Taxation, Assurance, and Transaction Advisory services. He is currently a Partner at M/s. G. K. Choksi & Co. and has confirmed he meets the criteria of independence under the Act and Listing Regulations.

Shareholders registered on the books of the company as of May 29, 2026, are eligible to participate in the voting process. The company has engaged National Securities Depository Limited (NSDL) to facilitate remote e-voting. The voting period begins at 9.00 A.M. (IST) on June 05, 2026, and concludes at 5.00 P.M. (IST) on July 04, 2026.

Postal Ballot Schedule

Mr. Dhruvil Shah of Dhruvil M. Shah and Co LLP has been appointed as the Scrutinizer to ensure the process is conducted fairly. The results of the remote e-voting will be announced within two working days after the conclusion of the voting period and will be available on the company’s website. The notice has been dispatched to members electronically, and physical copies are not being distributed for this ballot.