Hilltone Software and Gases Ltd. May Invest in RZOLUT TECHNOLOGIES PTE. LTD., Reports 43.89 Lacs Revenue from IT Division

Hilltone Software and Gases Ltd. held a Board Meeting on 30th March, 2026, where several key decisions were made. The company is considering investing in RZOLUT TECHNOLOGIES PTE. LTD., a Singapore and India based company specializing in data products for risk and compliance. The proposed investment would give Hilltone approximately 5% stake in Rzolut, subject to acceptable valuation and due diligence report. The IT division of Hilltone has reported a revenue of 43.89 Lacs from renewing a 'Joget' platform application license for a subsidiary of a large Indian Bank. Additionally, the IT division has carried out updating and migration of base software for Versante Health, a prominent health insurance Company from the USA, for a contract value of US $25000 (approx. Rs. 23 lacs). The Board appreciated the management of the IT division.