Outcome of Board Meeting held today i.e. October 01, 2026

October 01, 2026 BSE Limited, National Stock Exchange of India Limited, P J Towers, Exchange Plaza, Dalal Street, Bandra Kurla Complex, Bandra, Mumbai – 400 001. Mumbai 400 051. BSE Scrip Code: 524735 NSE Symbol: HIKAL Dear Sir/ Madam, Subject: Disclosure under Regulation 30 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015- Outcome of Board Meeting. This is to inform you that the Board of Directors of the Company at its meeting held today i.e., October 01, 2026, inter-alia, 1. Took note of cessation of the term of office of Mr. Jai Hiremath (DIN: 00062203) as Executive Chairman of the Company with effect from October 01, 2026 (inclusive of the day). Mr. Jai Hiremath is the founder of the Company. Over the course of nearly four decades of leadership, Mr. Jai Hiremath has played a significant role in shaping the Company's strategic direction and growth. Under his stewardship, the Company established a strong foundation, expanded its business operations, strengthened customer relationships, developed innovative products and built a reputation as a respected organization globally. His vision, leadership and unwavering commitment have contributed significantly to the Company's progress and long-term success. The Board placed on record its sincere appreciation for the exemplary leadership, vision and guidance provided by Mr. Jai Hiremath throughout his long and distinguished association with the Company. 2. Mrs. Sugandha Hiremath (DIN: 00062031) resigned from her position as Non-Executive Director of the Company with effect from close of business hours of September 30, 2026, due to personal commitments, interest and other preoccupation. The Board took note of the resignation. There are no material reasons other than those mentioned above. A copy of letter of resignation, received from Mrs. Sugandha Hiremath, is enclosed. Mrs. Sugandha Hiremath has been associated with the Company as a Director since 1992 and has made significant contributions to its growth, governance and development over the past three decades. The management places on record its gratitude and appreciation for the guidance received from Mrs. Sugandha Hiremath, during her long tenure on the Board of the Company. 3. Based on the recommendations of the Nomination and Remuneration Committee, the Board approved the following: Hikal Ltd. Admin. Office: Great Eastern Chambers, 6th Floor, Sector 11, CBD Belapur, Navi Mumbai - 400 614, India. Tel. + 91–22–6277 0299, + 91–22–6866 0300 Regd. Office: 717/718, Maker Chambers - 5, Nariman Point, Mumbai - 400 021, India. Tel. +91-22 6277 0477. Fax: + 91-22 6277 0500 www.hikal.com info@hikal.com CIN: L24200MH1988PTC048028 i. Conferment of the honorary position of “Chairman Emeritus” upon Mr. Jai Hiremath for a period of five years with effect from October 01, 2026. The designation is intended to acknowledge his invaluable services to the Company and facilitate continued access to his counsel and mentorship on strategic and business matters, as may be considered appropriate from time to time. Mr. Jai Hiremath will not be a Director, officer or Key Managerial Personnel or member of any Committee of the Board. ii. Appointment of Mr. Anish Swadi as CEO-Animal Health and Specialty Ingredients, a Senior Management Position of the Company with effect from October 01, 2026. In view of the above, details required in terms of Regulation 30 read with Schedule III of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015 and SEBI Master Circular No. HO/49/14/14(7)2025-CFD- POD2/I/3762/2026 dated January 30, 2026, are enclosed as Annexure-‘A’. The meeting of Board of Directors commenced at 11: 30 a.m. and concluded at 01: 12 p.m. We request you to kindly take above on your record. Yours Sincerely, For Hikal Limited Rajasekhar Reddy Company Secretary & Compliance Officer Encl.: As above Hikal Ltd. Admin. Office: Great Eastern Chambers, 6th Floor, Sector 11, CBD Belapur, Navi Mumbai - 400 614, India. Tel. + 91–22–6277 0299, + 91–22–6866 0300 Regd. Office: 717/718, Maker Chambers - 5, Nariman Point, Mumbai - 400 021, India. Tel. +91-22 6277 0477. Fax: + 91-22 6277 0500 www.hikal.com info@hikal.com CIN: L24200MH1988PTC048028 Annexure-‘A’ Details required in terms of SEBI Master Circular No. HO/49/14/14(7)2025-CFD- POD2/I/3762/2026 dated January 30, 2026: I. Cessation of the term of office of Mr. Jai Hiremath: Sr.No. Particulars Details 1. Reason for change viz. cessation Cessation of term of office as Executive Chairman of the Company. 2. Date of Cessation With effect from October 01, 2026 (inclusive of the day). 3. Brief profile (in case of appointment) Not Applicable 4. Disclosure of relationships between Not Applicable director (in case of appointment of a director) II. Resignation of Mrs. Sugandha Hiremath: Sr.No. Particulars Details 1. Reason for change viz. resignation Resignation as Non-Executive Director of the Company. 2. Date of Cessation September 30, 2026 (after closure of business hours). 3. Detailed reason for the resignation Due to personal commitments, interest and other preoccupation. 4. Brief profile (in case of appointment) Not Applicable 5. Disclosure of relationships between Not Applicable director (in case of appointment of a director) III. Appointment of Mr. Anish Swadi: Sr.No. Particulars Details 1. Reason for change viz. appointment Appointment as CEO-Animal Health and Specialty Ingredients and Senior Management Position. 2. Date of appointment October 01, 2026 3. Term of appointment Not Applicable 4. Brief profile (in case of appointment) Mr. Anish Swadi has been associated with the Company as Senior President – Business Transformation & Animal Health since October 01, 2021, and has made significant contributions towards the Hikal Ltd. Admin. Office: Great Eastern Chambers, 6th Floor, Sector 11, CBD Belapur, Navi Mumbai - 400 614, India. Tel. + 91–22–6277 0299, + 91–22–6866 0300 Regd. Office: 717/718, Maker Chambers - 5, Nariman Point, Mumbai - 400 021, India. Tel. +91-22 6277 0477. Fax: + 91-22 6277 0500 www.hikal.com info@hikal.com CIN: L24200MH1988PTC048028 development of the Company's Animal Health business and strategic transformation initiatives. He has led various Business Transformation initiatives aimed at enhancing strategic execution, business processes and organizational effectiveness. Mr. Anish Swadi has majored in international business and finance from Ithaca College, New York. 5. Disclosure of relationships between Not Applicable director (in case of appointment of a director) Hikal Ltd. Admin. Office: Great Eastern Chambers, 6th Floor, Sector 11, CBD Belapur, Navi Mumbai - 400 614, India. Tel. + 91–22–6277 0299, + 91–22–6866 0300 Regd. Office: 717/718, Maker Chambers - 5, Nariman Point, Mumbai - 400 021, India. Tel. +91-22 6277 0477. Fax: + 91-22 6277 0500 www.hikal.com info@hikal.com CIN: L24200MH1988PTC048028 September 24, 2026 The Board of Directors Hikal Limited Subject: Resignation from the Office of Non-Executive Director Dear Sir/ Madam, After a long and fulfilling association with the Company spanning more than three decades, I have decided to step down from the Board and devote more time to my personal commitments and interests. I hereby tender my resignation from the office of Non-Executive Director of Hikal Limited with effect from the close of business hours on September 30, 2026, due to my personal commitments and other preoccupations. Consequent to my resignation as a birector of the Company, I shall also cease to be a member of the following Committee(s) of the Board with effect from the same date: 1) Audit Committee 2) Stakeholders' Relationship Committee 3) Corporate Social Responsibility Committee I confirm that there are no material reasons for my resignation other than those stated above. I take this opportunity to express my sincere gratitude to the Board, management and fellow direc [Showing first 8,000 characters — download PDF for full document]