Clarification with reference to the announcement made on 14th August, 2026 in change in management.

Date: 25thAugust, 2026 BSE Limited, Dalal Street, Fort, Mumbai — 400 001 Scrip Code: 530853/Scrip Id: HIPOLIN Ref: Regulation 30 of SEBI (Listing Obligation and Disclosure Requirements) Regulations, 2015 Subject: Clarification regarding the Announcement made under Regulation 30 (LODR) – Resignation of Director on Friday, 14th August, 2026 Dear Sir/Ma’am, With reference to the mail received by your office dated 19th August, 2026 regarding the announcement made on 14th August, 2026, under Regulation 30 - Change in Management we hereby submit following Clarification: 1. With reference to the Resignation of Mr. Prafulla Gattani (DIN: 00147844), Managing Director of the company, the reason for the resignation is mentioned in the attached Resgination Letter and there is no other reason for resignation other than the mentioned reason. Disclosure under Reg. 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulation 2015 related to appointments and resignation as attached as Annexure A. 2. With reference to the sad demise of Mr. Umeshchandra P Mehta (DIN:07027282), Independent Director of the Company, on 31st July, 2026. We submit that the Company got the intimation of Demise on 14th August, 2026 and Consequently, Upon being intimated of the matter, the Company promptly informed BSE of the same to the Exchange. Disclosure under Reg. 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulation 2015 related to appointments and resignation as attached as Annexure B. Thanking you, Yours faithfully, Yours Faithfully For Hipolin Limited DAXESH B. SHAH DIRECTOR Annexure: A Sr. No. Particulars Information 1. Name Mr. Prafulla Gattani 2. Reason for change viz. appointment, Resignation resignation, removal, death or otherwise 3. Date of appointment/Cessation and term 14th August, 2026 of appointment 4. Brief Profile (in case of appointment) Not Applicable 5. Disclosure of Relationships between Not Applicable Directors (in case of appointment of Director) 6. Letter of Resignation along with detailed Resignation letter is attached reason for resignation hereunder and the reason for resignation is mentioned in the attached resignation letter and there is no other reason for resignation other than mentioned. 7. Names of listed entities in which the None resigning director holds directorships, indicating the category of directorship and membership of board committees, if any. For Hipolin Limited DAXESH B. SHAH DIRECTOR Annexure: B Sr. No. Particulars Information 1. Name Mr. Umeshchandra P Mehta 2. Reason for change viz. appointment, Death resignation, removal, death or otherwise 3. Date of appointment/Cessation and term 14th August, 2026 of appointment 4. Brief Profile (in case of appointment) Not Applicable 5. Disclosure of Relationships between Not Applicable Directors (in case of appointment of Director) 6. Letter of Resignation along with detailed Death Certificate of the Director is reason for resignation attached hereunder and the reason for the Cessation is due to Demise of the Director 7. Names of listed entities in which the None resigning director holds directorships, indicating the category of directorship and membership of board committees, if any. For Hipolin Limited DAXESH B. SHAH DIRECTOR Dr. Prafulla Gattani B.com (Hons.), M.S.W, M.B.A, P.G.D.F.M, DBA Date: 14th August 2026 The Board of Directors. Hipolin Limited Ahmedabad Dear Sir, Sub: Resignation from the post of Managing Director of Hipolin Limited I hereby tender my resignation as a Managing Director of the Hipolin Limited with immediate effect due to my pre-occupation and request you to accept the same. I am grateful to you and all my colleagues on the Board for their continued guidance and unstinted support during my tenure as Director. The Company is requested to file necessary forms with ROC and other appropriate Authorities in this regard within prescribed time. Thanks, and with best regards. Dr. Prafulla Gattani DIN: 00147844 A-33, Meghna Bunglow, B/h Inductotherm, Bopal, Ahmedabad-380058, Gujarat