
Management Change14 Aug 2026, 08:32 pm
Hipolin Ltd: MD Resigns, Independent Director Passes Away
AI Summary
Hipolin Ltd announced significant board changes during its meeting on August 14, 2026. The company noted the resignation of Mr. Prafulla Gattani as Managing Director, effective the same date. Additionally, the board took note of the demise of Mr. Umeshchandra P. Mehta, an Independent Director, who passed away on July 31, 2026, ceasing to be a director from August 14, 2026. The board also approved the standalone and consolidated unaudited financial results for the quarter ended December 31, 2025, along with the limited review report. Furthermore, the Audit Committee and Nomination Remuneration Committee were reconstituted due to these changes, with new members appointed.
Key Highlights
- Managing Director Prafulla Gattani has resigned.
- Independent Director Umeshchandra P. Mehta has passed away.
- Unaudited financial results for Q3 FY26 were approved.
- Audit and Remuneration Committees have been reconstituted.
Price Impact
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