Hipolin Limited submitted a clarification to BSE Limited regarding two management changes disclosed under Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.
Resignation of Managing Director
Mr. Prafulla Gattani (DIN: 00147844) resigned from his position as Managing Director of the company with immediate effect on 14th August 2026. The reason for resignation, as stated in his resignation letter dated 14th August 2026, was "pre-occupation." The company explicitly stated there is no other reason for resignation beyond what was mentioned in the attached resignation letter. Mr. Gattani held no directorships in other listed entities. The company requested necessary filings with ROC and other appropriate authorities within prescribed time.
Demise of Independent Director
Mr. Umeshchandra P Mehta (DIN: 07027282), an Independent Director of the company, passed away on 30th July 2026 at the age of 73 years. The company received intimation of his demise on 14th August 2026 and promptly informed the exchange on the same day.
The death certificate (Registration Number: D202624900600000406, Certificate No.: [not provided]) issued by the Government of Gujarat, Department of Health and Family Welfare, Isanpur-Ward, Ahmedabad Municipal Corporation on 4th August 2026 confirms:
- Full name: Umeshchandra Prafulvadan Mehta
- Date of death: 30th July 2026
- Place of death: B/59, Janpath Society Near Canal Ghodasar, Ishanpur-Ward, Ahmedabad Municipal Corporation, Ahmedabad, Gujarat 380050
- Permanent address: Same as place of death
- Age: 73 years
- Gender: Male
- Aadhaar Number: XXXX-XXXX-9508
- Spouse's name: Ritabahen Umeshchandra Mehta
Mr. Mehta held no directorships in other listed entities.