Hilltone Software & Gases Appoints New CFO Amid Key Operational Milestones and Director Resignation
Hilltone Software & Gases Limited announced significant leadership changes, appointing Ms. Parinda Mohanbhai Patel as Chief Financial Officer. The company also confirmed the resignation of Independent Director, Ms. Dipika Modi. Furthermore, the Board reviewed operational achievements across its divisions, including new commitments in gas production and contracts.Ms. Parinda Mohanbhai Patel was appointed as the Chief Financial Officer (CFO) of Hilltone Software & Gases Limited with effect from August 1, 2026, following a recommendation by the Nomination and Remuneration Committee. Ms. Patel holds an MBA from Gujarat Technological University and a Bachelor of Commerce degree from Gujarat University. Her professional background includes six years as a Banking Officer at The Gujarat Co-op. Credit Society Ltd and one year experience as a senior executive in Angel Broking Pvt. Ltd. She possesses knowledge and experience in Finance, Accounting, Taxation, and Audit.
The company confirmed the resignation of Ms. Dipika Modi, who served as an Independent Director. Her cessation from this role is effective at the close of business hours on July 31, 2026, due to personal reasons and other professional commitments. Ms. Modi had also held committee positions, including being a member of the Audit Committee, Nomination and Remuneration Committee, and Stakeholders Relationship Committee.
The Chairman and Managing Director provided an update on the company's working, noting several key activities across its divisions:
- Gas Division: The Argon, Carbon Dioxide, and Oxygen Plant Tank Production division is set to begin operations within one month.
- Tank & Machinery Trading: The company traded Tank and Machinery for gas production amounting to Rs. 71.09 Lacs.
- Engineering Division: This division secured a Purchase Order worth Rs. 26.86 Lacs.
- Software Division: The Software Division completed a Sale Order valued at Rs 23.5 Lacs in the current financial year.
Key details regarding these appointments and operational updates are summarized below:
| Particular | Ms. Parinda Mohanbhai Patel (CFO) | Ms. Dipika Modi (Independent Director) |
|---|---|---|
| Role | Chief Financial Officer | Independent Director |
| Effective Date | August 1, 2026 | July 31, 2026 |
| Background Summary | Experience in Finance, Accounting, Taxation and Audit. | Confirmed no material reasons other than resignation stated in her letter of resignation. |
The Board meeting concluded after reviewing the developments and addressing all agenda items for the day.
WALCHANNAG Stock Price Movement
Walchandnagar Industries Limited shares climbed today, settling at ₹230.80 after closing higher by 3.62%. The stock traded in a narrow intraday range between a low of ₹219.40 and a high of ₹233.00 during the trading session.Disclaimer: Due care and diligence have been taken in compiling and presenting news and market-related content. However, errors or omissions may arise despite such efforts.
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