Hilltone Software and Gases Limited returned to profitability in the financial year ended March 31, 2026, reporting a net profit of ₹15.33 lakh compared to a net loss of ₹15.70 lakh in the previous year. The turnaround was supported by a significant increase in income from operations, which rose to ₹1,472.81 lakh from ₹752.49 lakh in FY25. The Board of Directors approved the audited financial results for the year and the half-year ended March 31, 2026, at a meeting held on May 30, 2026. The statutory auditors, M/s. Ashvin K Yagnik & Co., issued an unmodified opinion on the results.

Financial Performance

The company recorded income from operations of ₹1,472.81 lakh for FY26. This growth was primarily driven by the Engineering Department (Heat Exchanger) segment, which contributed ₹868.23 lakh in revenue, compared to nil in the previous year. The Gases segment reported revenue of ₹553.88 lakh, while the Software segment contributed ₹50.70 lakh.

For the quarter ended March 31, 2026, the company reported a net loss of ₹26.52 lakh. Income from operations for the quarter stood at ₹230.96 lakh.

Operational Metrics

Total expenditure for the year rose to ₹1,509.77 lakh from ₹789.27 lakh in the prior year. The company reported a basic and diluted earnings per share (EPS) of ₹0.12 for FY26, compared to a negative EPS of ₹0.14 in FY25. The paid-up equity share capital increased to ₹1,317.78 lakh as of March 31, 2026, from ₹1,093.08 lakh in the previous year.

Balance Sheet and Cash Flows

The total assets of the company increased to ₹2,685.48 lakh as of March 31, 2026, up from ₹1,750.27 lakh a year earlier. Cash and cash equivalents improved to ₹362.20 lakh from ₹158.35 lakh. The net cash generated from financing activities was ₹928.88 lakh, largely due to the issuance of share capital amounting to ₹988.70 lakh.

Hilltone Software and Gases Ltd has disclosed to BSE Limited the resignation of its Chief Financial Officer (CFO) and Key Managerial Personnel, Mr. Prafullbhai Rameshchandra Makvana, effective from the close of business hours on May 11, 2026. The disclosure was made pursuant to Regulation 30 and Part A of Schedule III of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The intimation was signed by Managing Director Niket Mahendrabhai Shah (DIN: 00278968) and has also been uploaded on the company's official website.

CFO Resignation Details

The following key details of the change in Key Managerial Personnel have been disclosed as required under Regulation 30 of the Listing Regulations, read with SEBI Master Circular No. SEBI/HO/CFD/PoD2/CIR/P/0155 dated November 11, 2024:

Regulatory Compliance

With effect from the close of business hours on May 11, 2026, Mr. Makvana will also cease to be the Key Managerial Personnel authorised for the purpose of determining the materiality of an event or information and for making disclosures to stock exchanges in terms of Regulation 30 of the Listing Regulations. The company has stated that the necessary forms and intimations will be filed with the Registrar of Companies and the relevant stock exchanges in compliance with the applicable provisions of the Companies Act, 2013 and the SEBI Listing Regulations.

Resignation Letter Highlights

In his resignation letter addressed to the Board of Directors, Mr. Makvana confirmed the following:

• The resignation is effective from the close of business hours on May 11, 2026.
• The stated reason is career advancement and relocation.
• There are no other material reasons for the resignation beyond those stated.
• He expressed gratitude to the Board of Directors, management, and colleagues for their support during his tenure.
• He confirmed his commitment to extending all necessary support for a smooth transition and handover of responsibilities.

The letter was submitted from Ahmedabad and has been enclosed as Annexure II to the company's regulatory filing.