Purpose of Postal Ballot

To seek shareholder approval, through a special resolution via remote e-Voting only, for the appointment of Mr. Sandip Parikh (DIN: 00030990) as an Independent Director of the Company.

Key Details of the Proposal

  • Director Name: Mr. Sandip Parikh
  • Director Identification Number (DIN): 00030990
  • Category of Directorship: Independent Director
  • Term: A first term of 5 (five) consecutive years
  • Term Commencement Date: May 27, 2026
  • Liability to Retire by Rotation: Not liable to retire by rotation
  • Current Status: Appointed as an Additional Director by the Board of Directors effective May 27, 2026, subject to shareholder approval.

Voting Details

  • Voting Method: Remote e-Voting only. Physical ballot forms are not being sent.
  • Service Provider: National Securities Depository Limited (NSDL)
  • Voting Platform: www.evoting.nsdl.com
  • Voting Start: 9:00 AM (IST) on Friday, June 05, 2026
  • Voting End: 5:00 PM (IST) on Saturday, July 04, 2026
  • Scrutinizer: Mr. Dhrumil Shah of Dhrumil M. Shah and Co LLP, Practicing Company Secretaries (Membership No. FCS 8021 CP No.8978)
  • Result Declaration: The results will be announced within two working days from the conclusion of voting (i.e., by July 06, 2026) and will be placed on the company's website (www.hikal.com) and communicated to the stock exchanges.
  • Deemed Passing Date: If approved, the resolution shall be deemed passed on the last date of voting, July 04, 2026.

Eligibility & Notice Distribution

  • Cut-off Date: Friday, May 29, 2026. Shareholders registered in the Register of Members/Register of Beneficial Owners as on this date are eligible to vote.
  • Notice Distribution: The notice is sent electronically only to members whose email addresses are registered with the Company/Depository Participants (DPs)/Depositories.
  • Notice Availability: The full notice is available on the company's website (www.hikal.com), the websites of BSE (www.bseindia.com) and NSE (www.nseindia.com), and the NSDL e-Voting website (www.evoting.nsdl.com).

Background on the Appointee - Mr. Sandip Parikh

  • Date of Birth & Age: August 08, 1963 (62 Years)
  • Qualifications: Chartered Accountant, Law Graduate (LL.B), and Bachelor of Commerce (B.COM)
  • Experience: 38 years of experience in Taxation, Assurance, and Transaction Advisory services. He is a Partner at M/s. G. K. Choksi & Co., a CA firm.
  • Expertise: Strategic expertise, planning, industry knowledge, finance acumen, corporate governance, risk management, taxation, insolvency, and legal expertise.
  • Other Directorships: Holds directorships in Pashupati Cotspin Limited, GKC Advisory Services Private Limited, Kaushiki Arts Private Limited, Providentia Advisors Private Limited, Monarch Networth Trustee Private Limited, and Kaushiki Music and Us Private Limited. He is Chairman of the Audit Committee and a member of the Nomination and Remuneration Committee at Pashupati Cotspin Limited.
  • Shareholding in Hikal: Holds nil shares in Hikal Limited, both personally and as a beneficial owner.
  • Declaration: He has provided a declaration confirming his independence and that he is not disqualified under Section 164 of the Companies Act, 2013.

Regulatory and Governance Context

  • The appointment is based on the recommendation of the Company's Nomination & Remuneration Committee and its Board of Directors.
  • The company has also received a notice from a member under Section 160 of the Companies Act, 2013, proposing Mr. Parikh's candidature.
  • The resolution is being pursued as a Special Resolution as required by the Companies Act, 2013, and SEBI Listing Regulations.
  • An explanatory statement, as required by Section 102 of the Companies Act, 2013, is annexed to the notice.

Financial Impact

The disclosure does not quantify any financial impact related to the appointment. The terms and conditions of remuneration are stated to be \"As per the resolution,\" but no specific remuneration details are provided in the disclosed notice.