Hilltone Software & Gases Ltd Appoints New CFO; Independent Director Resigns Amid Divisional Updates
Hilltone Software and Gases Limited announced key personnel changes, appointing Ms. Parinda Mohanbhai Patel as Chief Financial Officer (CFO) and confirming the resignation of Ms. Dipika Modi, an Independent Director. The company also provided updates on the operational status and contracts within its Gas, Engineering, and Software divisions.The appointment of Ms. Parinda Mohanbhai Patel was formalized following a Board meeting held on July 30, 2026. Ms. Patel is scheduled to take up the role effective August 1, 2026.
As detailed in the company information provided:
- Ms. Parinda Mohanbhai Patel holds an MBA from Gujarat Technological University and a Bachelor of Commerce from Gujarat University.
- Her professional background includes working as a senior executive at Angel Broking Pvt. Ltd. for one year, and six years as a Banking Officer at The Gujarat Co-op. Credit Society Ltd.
- She possesses knowledge and experience in Finance, Accounting, Taxation, and Audit.
Independent Director Resignation
The Board also confirmed the resignation of Ms. Dipika Modi from her role as an Independent Director. This change will be effective from close of business hours on July 31, 2026.Ms. Modi held key positions within the company's governance structure and was a member/Chairman of the Audit Committee, Nomination and Remuneration Committee, and Stakeholders Relationship Committee. Ms. Modi confirmed that she had no material reasons for her resignation other than those stated in her resignation letter, citing personal reasons and other professional commitments.
A summary of the cessation details is presented below:
| Particulars | Detail |
|---|---|
| Reason for Change | Resignation due to personal reasons and other professional commitments. |
| Date of Cessation | Close of business hours on July 31, 2026. |
| Committee Roles Affected | Audit Committee, Nomination and Remuneration Committee, Stakeholders Relationship Committee. |
Divisional Operations Update
During the Board review of the company's operations, the Chairman and Managing Director provided several updates regarding the various divisions:The Gas Division is set to commence Argon, Carbon Dioxide, and Oxygen Plant Tank Production within one month. The company has traded tanks and machinery for gas production amounting to Rs 71.09 Lacs. In addition, the Engineering Division received a Purchase Order valued at Rs 26.86 Lacs, while the Software Division completed a Sale Order worth Rs 23.5 Lacs during this financial year.
Stock Price Movement
Hilltone Software and Gases Ltd settled at ₹41.70 in the post-market session after shedding ₹0.25, which marked a 0.60% decline. The shares saw volatility throughout the trading day, moving between an intraday low of ₹41.51 and a high of ₹44.10.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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