Shareholders meeting

August 31, 2026 BSE Limited, National Stock Exchange of India Limited, P J Towers, Exchange Plaza, Bandra Kurla Complex Dalal Street, Bandra (East) Mumbai – 400 00.1 Mumbai 400 051. BSE Scrip Code: 524735 NSE Symbol: HIKAL Dear Sir/ Madam, Subject: Notice of the 38th Annual General Meeting (“AGM”) of the Company Pursuant to Regulation 30 and 34 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015, please find enclosed the Notice of the 38th AGM of the Company scheduled to be held on Wednesday, September 23, 2026, at 11.30 a.m. (IST) through Video Conferencing/ Other Audio-Visual Means (“VC/OAVM”). The Notice of the AGM can also be accessed on the website of the Company at https://www.hikal.com/uploads/documents/Noticeof38thAGM2026.pdf. This is for your information and records. Yours Sincerely, For Hikal Limited Rajasekhar Reddy Company Secretary and 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 Notice 2026 Notice Hikal Limited CIN: L24200MH1988PTC048028 Registered Office: 717/718, Maker Chambers V, Nariman Point, Mumbai - 400 021, India. Website: www.hikal.com; Email: secretarial@hikal.com; Telephone: +91 22 6277 0299; Fax: +9122 6277 0500 NOTICE NOTICE is hereby given that the 38th Annual General 2031, on such term and conditions as mutually Meeting (“AGM”) of Hikal Limited (“the Company”) agreed between the Board and Mr. Sameer will be held on Wednesday, September 23, 2026, at Hiremath, Chairman and Managing Director. 11:30 a.m. (IST) through Video Conferencing (“VC”)/ RESOLVED FURTHER THAT pursuant to the Other Audio Visual Means (“OAVM”), to transact the provisions of Section 197, read with Schedule V following businesses: of the Act, and based on the recommendation of Nomination and Remuneration Committee, Audit Ordinary Business: Committee and Board of Directors of the Company, 1. To consider and adopt: approval of the Members of the Company be and is hereby accorded for the payment of remuneration a. the Audited Standalone Financial Statements as per the limits mentioned in Schedule V based of the Company for the financial year ended on Effective Capital as minimum remuneration, March 31, 2026, together with the Reports of to Mr. Sameer Hiremath as the Chairman and the Board of Directors and Auditors thereon. Managing Director of the Company for a period of b . t he Audited Consolidated Financial 3 (Three) years with effect from October 01, 2026 Statements of the Company for the financial to September 30, 2029. year ended March 31, 2026, together with the - Mr. Sameer Hiremath will also be entitled, Report of the Auditors thereon. subject to the overall limits mentioned 2. To confirm the interim dividend of H 0.20/- per in Schedule V of the Act, the following equity share of face value of H 2/- each and to perquisites and other allowances calculated in declare a final dividend of H 0.40/- per equity share accordance with the provisions of the Income of face value of H 2/- each, aggregating to a total Tax Act, 2025. dividend of H 0.60/- per equity share of face value a) Provision of chauffeur driven car of H 2/- each, for the financial year 2025-26. and telephone facility for use on 3. T o appoint a Director in place of Mr. Sarangan Company's business, reimbursement Suresh (DIN:10562713), who retires by rotation and of expenses or allowances for utility being eligible, offers himself for re-appointment. such as gas, electricity, water, medical reimbursement, club fees, leave travel Special Business: concession (for self and family), medical insurance (for self and family), personal 4. To consider and approve the appointment accident insurance, reimbursement of Mr. Sameer Hiremath (DIN: 00062129), as of actual traveling and entertainment Chairman and Managing Director of the Company, expenses as per the rules of the Company. and to fix his remuneration. b) A ny other benefits, schemes, awards as T o consider and if thought fit, to pass, the following may be paid or may become applicable to resolution as an Ordinary Resolution: other senior executives of the Company " RESOLVED THAT pursuant to the provisions and as may be decided by the Board from of Section 196, 203 and other applicable time to time. provisions, if any, read with Schedule V of the - The Contribution to provident fund, Companies Act, 2013 (“the Act”) and based on superannuation fund or annuity fund and the recommendation of the Nomination and gratuity payable at a rate not exceeding half Remuneration Committee and Board of Directors a month's salary for each completed year of the Company, approval of the Members of of service; and encashment of leave at the the Company be and is hereby accorded for end of the tenure shall not be included in appointment of Mr. Sameer Hiremath (DIN: computation of remuneration and the same 00062129) as Chairman and Managing Director shall be as per the rules of the Company. of the Company for a period of 5 (Five) years commencing October 01, 2026 to September 30, Annual Report 2025-26 Notice (Contd.) RESOLVED FURTHER THAT Mr. Sameer Hiremath, Except for the remuneration, all terms and Chairman and Managing Director shall exercise conditions of appointment shall remain substantial powers of management subject to unchanged. superintendence, control and direction of the RESOLVED FURTHER THAT any of the Director Board of Directors of the Company. and/or Company Secretary be and are hereby RESOLVED FURTHER THAT any of the Director severally authorized to do all such acts, deeds and and / or Company Secretary be and are hereby things and take necessary steps to give effect severally authorized to do all such acts, deeds and to the forgoing resolution, including filing of things and take necessary steps to give effect necessary forms with Ministry of Corporate Affairs to the forgoing resolution, including filing of and any other statutory or other authorities.” necessary forms and intimations with Ministry of 6. To ratify the remuneration to be paid to the Cost Corporate Affairs, Stock Exchanges and any other Auditors for the financial year 2026-27. statutory or other authorities.” T o consider and if thought fit, to pass, the following 5. T o consider and approve the revision in resolution as an Ordinary Resolution: remuneration of Mr. Sarangan Suresh (DIN: 10562713), Whole-Time Director of the Company. "RESOLVED THAT pursuant to the provisions of Section 148, of the Companies Act, 2013, the Companies (Audit T o consider and if thought fit, to pass, the following and Auditors) Rules, 2014 and the Companies (Cost resolution as an Ordinary Resolution: Records and Audit) Rules, 2014 (including any statutory “RESOLVED THAT pursuant to the provisions of modification(s) or re-enactment(s) thereof for the time the Section 197 and other applicable provisions, being in force) and based on the recommendation of if any, read with schedule V of the Companies the Audit Committee, and as approved by the Board Act, 2013 (“the Act”) and in furtherance to the of Directors, the Members of the Company do hereby resolution passed on May 24, 2024 through ratify the remuneration of H 5,25,000/- (Rupees Five Postal Ballot and based on the recommendation Lakh Twenty Five Thousand Only) plus applicable of the Nomination and Remuneration Committee tax and reimbursement of out of pocket expenses, at and Board of Directors of the Company, approval actuals to M/s. V. J. Talati & Co., Cost Accountants (Firm of the Members of the Company be and is Reg No. R00213), who have been appointed by the hereby accorded for revision in remuneration of Board of Directors of the Company, as the Cost Auditors [Showing first 8,000 characters — download PDF for full document]