Hilltone Software & Gases Limited has announced the closure of its trading window from April 1, 2026, as part of its compliance with insider trading regulations. The announcement was made through a formal communication to BSE Limited on March 28, 2026.

Trading Window Closure Details

The trading window closure applies comprehensively to all key stakeholders of the company. The restriction covers directors, promoters, designated employees, and insiders who are prohibited from dealing in the company's equity shares during this period.

Regulatory Compliance Framework

The trading window closure is implemented under the company's code of conduct for prevention of insider trading, which operates pursuant to SEBI (Prohibition of Insider Trading) Regulations, 2015. This regulatory framework ensures that individuals with access to unpublished price-sensitive information cannot trade in the company's securities during critical periods.

Board Meeting and Results Timeline

The company has indicated that the specific date for the board meeting to consider and approve the audited financial results for the quarter and financial year ended March 31, 2026, will be communicated to the exchange separately. The trading window will reopen 48 hours after the official announcement of these audited financial results.

Company Information

Hilltone Software & Gases Limited, with its registered office in Mehsana, Gujarat, trades on BSE under script code 544308. The announcement was signed by Hinisha Patel, Company Secretary and Compliance Officer, ensuring proper corporate governance protocols are followed during this regulatory compliance period.

Hilltone Software and Gas Limited has announced a strategic expansion of its Industrial Gases vertical through partial utilization of funds received from its recent preferential allotment. The company plans to broaden its product portfolio by adding Carbon Dioxide and Argon gases to its existing Industrial and Medical Oxygen and Nitrogen gases business.

Preferential Allotment and Funding Background

The expansion follows the company's completion of a preferential allotment in December 2025. The Board had previously indicated that proceeds from the preferential issue would be utilized for business expansion and infrastructure development for the Gases Vertical.

Proposed Infrastructure Investment

The expansion involves significant capital investment in infrastructure and equipment to support the new gas production capabilities. The company will transition from its current trading model to in-house production and bottling operations.

Strategic Rationale and Expected Benefits

Currently, the company operates as a trader for Carbon Dioxide and Argon gases, procuring cylinders from third-party suppliers. This model presents several operational challenges including lower profit margins, supply inconsistencies, and limited sourcing control.

The new infrastructure investment is expected to deliver substantial operational and financial improvements:

• Improved supply reliability and better customer servicing capability
• Enhanced control over procurement and distribution processes
• Opportunity to expand the existing customer base
• Gross profit margin improvement of approximately 25% in the Industrial Gases vertical
• Logistics cost reduction of approximately 15% through the truck-mounted liquid gas tank acquisition

Existing Operations and Market Position

Hilltone Software & Gases Limited has established a strong presence in the industrial gases sector over 15 years, operating primarily in Gujarat. The company has built a loyal customer base through its bottling and supply operations for Industrial and Medical Oxygen and Nitrogen gases.

The company operates through three distinct business verticals:

• Industrial and Medical Gases – Located in Village Santej, Gujarat
• Eco Solutions – Manufacturing energy-saving devices including Heat Exchangers and Dry Coolers in Tehsil Badli, Haryana
• Tech Solutions – IT consultancy, software products, and maintenance services based in Mehsana, Gujarat

Implementation Timeline

Orders for the liquid tanks, cylinders, and truck-mounted tank have been placed. The company expects to complete installation and commissioning by May 2026, after which bottling operations for Carbon Dioxide and Argon gases will commence. This expansion aligns with the company's broader strategy of infrastructure strengthening, cost optimization, and margin enhancement in its core Industrial Gases vertical.