Hilltone Software & Gases Limited 's board of directors convened on March 30, 2026, at 03:30 PM at the company's registered office to discuss strategic investment opportunities and review IT division performance. The meeting, which concluded at 06:05 PM, resulted in significant decisions that could shape the company's future growth trajectory in the technology sector, with outcomes reported to BSE Limited under Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Investment Proposal in RZOLUT Technologies

Mr. Niket Shah presented a comprehensive investment proposal for RZOLUT Technologies PTE. LTD., a Singapore and India-based company specializing in data products for risk and compliance. The board gave in-principle approval for the investment, subject to acceptable valuation and satisfactory due diligence.

RZOLUT specializes in developing data products for critical areas including KYC, TPRM, and M&A. The company operates award-winning platforms such as RZOLUT Screening, RZOLUT Diligence, and RZOLUT Monitor, which provide visibility and control over the entire counterparty lifecycle. RZOLUT also owns a subsidiary in India, Rzolut DataStream Private Limited, incorporated on October 3, 2023, with its registered office at 601, 6th floor, Plot No. 4, DDA Building, East Delhi, New Delhi 110092.

IT Division Performance Updates

The board received positive updates on the IT division's recent achievements, demonstrating strong client relationships and business expansion in both domestic and international markets.

The IT division successfully renewed an application license based on the 'Joget' platform for Rs. 43.89 lacs with a subsidiary of a large Indian bank. This renewal demonstrates client satisfaction with the previous year's implementation. Additionally, the division secured a new contract worth US $25,000 with Versante Health, a prominent US health insurance company, for updating and migration of base software, with 30% advance payment already received.

Strategic Implications and Regulatory Compliance

The proposed investment in RZOLUT Technologies represents Hilltone's strategic entry into the startup ecosystem and data solutions market. The board noted that this deal could add significant value to Hilltone and provide a boost to its IT vertical. RZOLUT has already established a customer base with high-profile clients using its products, positioning it well for future growth despite not yet reaching break-even status.

Mr. Niket Shah received authorization to appoint approved valuers and consultants to conduct comprehensive due diligence on RZOLUT Technologies. The final investment decision will be made following presentation of valuation results and due diligence findings to the board in a subsequent meeting. The company has duly informed BSE Limited of these developments in compliance with regulatory requirements under Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

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.