Hilltone Software and Gases MD, chairman, board of directors and AGM
BSE: 544308Chemicals & PetrochemicalsSmall Cap
Share price at the BSE close on 23 Oct 2026. Previous close ₹39.50.
- Market capMarket capitalisation. Share price times the number of shares: what the whole company is worth at the day's price. The rank is by average market value over the six months to Jun 2026, among listed companies.
- ₹51 Cr3,187th largest listed
- P/EPrice to earnings, trailing. Market cap divided by the profit of the last twelve months (the latest four quarters, or two half years for a company that reports half-yearly) that belongs to the company's own shareholders, after the share of the other owners of its subsidiaries: what investors pay for each rupee of a year's profit.
- Earlier quarters restated in the year
- P/BPrice to book. Market cap divided by the net worth that belongs to the company's own shareholders, its assets less everything it owes and less the other owners' share of its subsidiaries, on its latest balance sheet. The filing of 30 May 2026
- 2.2
- Dividend yieldDividend yield. Dividends paid per share in the twelve months to the day, as a percentage of the day's share price.
- Nonein the last 12 months
- ROCEReturn on capital employed. Operating profit after depreciation (revenue less operating expenses and depreciation, without other income and one-off items) as a percentage of all the money the business runs on: the whole group's net worth, the other owners of its subsidiaries included, plus borrowings. Lease liabilities are not counted: the results filings do not state them. The profit is over the last twelve months (the latest four quarters, or two half years for a company that reports half-yearly); net worth and borrowings are on the latest balance sheet. The filing of 13 Aug 2026
- −5.7%
- Debt to equityDebt to equity. Borrowings divided by the whole group's net worth, the other owners of its subsidiaries included: rupees borrowed for each rupee of equity in the business. Lease liabilities are not counted: the results filings do not state them. From the balance sheet at the end of Mar 2026. The filing of 30 May 2026
- 0.07
- Volume, BSEVolume. Shares traded on the last trading day.
- 1,494
Hilltone Software and Gases board of directors
At the end of the quarter to Jun 2026, as the company filed it; changes since are in its announcements.Their trades in its shares
- Chairperson and managing directorNIKETBHAI MAHENDRABHAI SHAH
- Company Secretary and Compliance OfficerHINISHA PATEL
6 directors3 independent2 executive1 non-executive
- HITALKUMAR SHAHExecutive · joined Nov 1993 · reappointed Sep 2023 · 386 months as independent · 1 listed board · 1 committee seat
- NIKETBHAI MAHENDRABHAI SHAH · Chairperson and managing directorExecutive · joined Nov 1993 · reappointed Sep 2023 · 386 months as independent · 1 listed board · 1 committee seat
- SAPNABEN HITALBHAI SHAHNon-executive · joined Nov 2019 · 74 months as independent · 1 listed board · 2 committee seats, 1 as chair
- ADITYA VIKRAMBHAI PATELIndependent · joined Jan 2025 · 15 months as independent · 4 listed boards · 4 as independent · 6 committee seats, 4 as chair
- NIHAR GAURANG SHETHIndependent · joined Jan 2025 · 15 months as independent · 1 listed board · 1 as independent · 1 committee seat
- DIPIKA MODIIndependent · joined Sep 2025 · 6 months as independent · 1 listed board · 1 as independent · 2 committee seats, 1 as chair
An independent director has no business or family tie to the company, its promoters or its managers beyond the seat. Listed boards counts the boards of listed companies the director sits on, this one included, and "as independent" how many of those seats are independent ones. Committee seats are audit and stakeholder committee seats across those companies. Months as independent is filed for independent directors only, whose terms the rules cap. Disqualified is the company's own mark that a director may not serve under company law.
4 directors who left
- PARULBEN NIKETKUMAR SHAH, left 3 Jan 2025: Others
- AMITKUMAR TRIVEDI, left 3 Jan 2025: Others
- SHAILESHKUMAR AMBALAL PATEL, left 3 Jan 2025: Others
- SUNIL VISHNUPRASAD PUROHIT, left 3 Jan 2025: Others
Committees and meetings
Who sits on each, and how often they met.Board meeting notices and outcomes
Board
- 30 May 20266 of 6 present3 independent · 7 days in between
- 22 May 20266 of 6 present3 independent · 52 days in between
- 30 Mar 20266 of 6 present3 independent · 45 days in between
- 12 Feb 20266 of 6 present3 independent
Audit Committee
Chair DIPIKA MODI
SAPNABEN HITALBHAI SHAH, NIHAR GAURANG SHETH, ADITYA VIKRAMBHAI PATEL
- 30 May 20264 of 4 present3 independent · 106 days in between
- 12 Feb 20264 of 4 present3 independent
Nomination and remuneration committee
Chair NIHAR GAURANG SHETH
ADITYA VIKRAMBHAI PATEL, SAPNABEN HITALBHAI SHAH, DIPIKA MODI
- 30 Mar 20264 of 4 present3 independent
Stakeholders Relationship Committee
Chair SAPNABEN HITALBHAI SHAH
HITALKUMAR SHAH, NIKETBHAI MAHENDRABHAI SHAH, DIPIKA MODI
No meeting listed in the filing.
Risk Management Committee
Chair NIKETBHAI MAHENDRABHAI SHAH
HITALKUMAR SHAH, SAPNABEN HITALBHAI SHAH
- 30 Mar 20263 of 3 present0 independent
Independent Directors Meeting
- 30 Mar 20263 of 3 present3 independent
Meetings in the quarter filed and the one before it. The days in between are as the company files them, neither meeting's day counted; the rules allow at most 120. A quorum is the least number of members who must attend for the meeting to decide anything.
Statutory auditor
Named in the results for the quarter to Jun 2026.
- Ashvin K Yagnik & Co.Peer-review certificate valid to Apr 2027
1 earlier auditor
- K. C. PARIKH & ASSOCIATESNamed in filings from Mar 2025 to Jun 2025
A statutory auditor checks the company's accounts and signs its results. Peer review is the accountants' institute's check of an audit firm's own work, which a listed company's auditor must hold a valid certificate of.
Hilltone Software and Gases AGM and shareholder votes
Each resolution, how the votes went, and how institutions voted apart from the promoters. A postal ballot is a vote by post or online, held without a meeting.Hilltone Software and Gases share news and announcements
Annual general meeting, 25 Sep 2026
2,128 shareholders on the register on 16 Sep 2026; present: 4 promoters and 12 others; votes counted by D A Rupawala / D A Rupawala & Associates.The company's voting result (opens in a new tab)
- To receive, consider and adopt the audited financial statements of the Company for the financial year ended on 31st March, 2026 and the reports of the Board of Directors' and Auditors' thereonOrdinary100.00% for0.00% against
Against: promoters 0.00% · institutions 0.00% · other public 0.00%
Turnout: all 31.48% · promoters 92.12% · institutions 84.33% · other public 21.14%
- To appoint a director in place of Mr. Niketbhai Mahendrabhai Shah, who retires by rotation and being eligible, has offered himself for reappointmentOrdinaryPromoters have an interest in it100.00% for0.00% against
Against: promoters 0.00% · institutions 0.00% · other public 0.00%
Turnout: all 31.48% · promoters 92.12% · institutions 84.33% · other public 21.14%
- To Appoint Mr. Bhupeshbhai Ambalal Patel as Non-Executive Independent DirectorSpecial100.00% for0.00% against
Against: promoters 0.00% · institutions 0.00% · other public 0.00%
Turnout: all 31.48% · promoters 92.12% · institutions 84.33% · other public 21.14%
- TO ADOPT A NEW SET OF ARTICLES OF ASSOCIATIONSpecial100.00% for0.00% against
Against: promoters 0.00% · institutions 0.00% · other public 0.00%
Turnout: all 31.48% · promoters 92.12% · institutions 84.33% · other public 21.14%
For and against are per cent of the votes cast. Turnout is the votes cast as a per cent of the shares each group holds. Institutions are funds, insurers, banks and foreign investors. An ordinary resolution passes with more than half the votes cast, a special one with at least three quarters.
Investor complaints and compliance
Quarter by quarter.
Investor complaints received and resolved, the company's own count
- Received
- Resolved
Open at the quarter's end
- The board is made up as the listing rules require
- Yes
- The board has a regular chairperson
- Yes
- The company has a risk management committee
- No
- The chair is related to the managing director
- Yes
- The filing has a part on fines and penalties
- No
- The filing has a part on tax disputes
- No
- There was a cyber security incident in the quarter
- No
The company's own answers in its filing.
How money raised was used
Reported for the quarter to Jun 2026. A preferential issue sells new shares to chosen investors rather than to the public. A warrant or partly paid issue plans the whole issue while the money comes in over time, so the amount set aside can be more than raised so far. A statement's amounts are left out where the raise it states is more than ten times everything the company owns, a figure typed at the wrong scale.
| Raised | Amount raised | For | Set aside | Spent | Spent elsewhere |
|---|---|---|---|---|---|
| Preferential IssuesNov 2025 | – | Gas Business | – | – | No |
| Preferential IssuesNov 2025 | – | Engineering Division | – | – | No |
| Preferential IssuesNov 2025 | – | Software Division | – | – | No |