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Hitech Corp Sets Sept 4, 2026 Record Date for ₹1.00/Share Final Dividend
Hitech Corporation Limited has scheduled its 35th Annual General Meeting (AGM) for September 24, 2026. The company has fixed Friday, September 04, 2026, as the record date to determine shareholder eligibility for a final dividend of ₹1.00 per share (10% of face value ₹10) for FY26. If approved at the AGM, the dividend will be disbursed on or after September 24, 2026. Remote e-voting for shareholders will be open from September 21 to September 23, 2026.
Confidence: HIGH
What changedFormal fixation of the record date (September 04, 2026) and AGM date (September 24, 2026) for the FY26 final dividend of ₹1.00 per share.
Why it mattersConfirms the timeline for cash distribution to shareholders following FY26 net profit of ₹15.19 Cr.
Dividend per share: ₹1.00Dividend percentage: 10%Record date: September 04, 2026AGM date: September 24, 2026
📅 Short termStock may trade ex-dividend around September 03-04, 2026, with dividend yield around 0.3% based on the current share price of ₹335.9.
📈 Long termLimited; routine annual dividend payout consistent with earnings recovery.
Key Highlights
Final dividend recommended at ₹1.00 per equity share of face value ₹10 (10%)
Record date for dividend entitlement fixed as September 04, 2026
35th AGM scheduled via video conferencing on September 24, 2026 at 3:30 PM IST
Dividend payment date scheduled on or after September 24, 2026 subject to approval
👀 What to Watch
Investors seeking dividend entitlement must hold shares before the ex-dividend/record date of September 04, 2026. Track AGM voting outcomes on September 24, 2026.
Hitech Corp Q1 Standalone PAT Surges 81.7% YoY to ₹6.18 Cr; VP-Technology to Retire
Hitech Corporation reported a strong Q1 (ended June 30, 2026) standalone revenue of ₹210.84 Cr, up 37.9% YoY from ₹152.82 Cr. Standalone net profit rose 81.7% YoY to ₹6.18 Cr compared to ₹3.40 Cr in the corresponding quarter of the previous year. Alongside results, the company announced the retirement of Mr. V.S.R. Anjaneyulu, Vice President - Technology Center (Senior Managerial Personnel), effective September 5, 2026. Additionally, the company reiterated that shareholders approved a voluntary delisting proposal on July 10, 2026, which is pending further regulatory clearances.
Confidence: HIGH
What changedHitech Corp reported Q1 FY27 audited earnings showing sharp YoY revenue and profit growth, and notified the scheduled retirement of its VP of Technology.
Why it mattersStrong quarterly growth reflects momentum in operating segments, though the ongoing voluntary delisting process remains the primary structural corporate development for shareholders.
Q1 Revenue from operations: ₹21,083.64 lakhsQ1 Net Profit: ₹618.13 lakhsQ1 Basic EPS: ₹3.60Effective date of VP retirement: September 05, 2026
📅 Short termEarnings performance demonstrates robust operational growth, though trading and sentiment will likely stay anchored to delisting updates.
📈 Long termContingent on the voluntary delisting timeline; if delisted, the company will cease trading on public bourses.
⚠ Risk flags
- Uncertainty around the reverse book building and final pricing in the ongoing voluntary delisting process
- Customer concentration risk in the packaging division (paints and chemicals)
Key Highlights
Standalone revenue from operations reached ₹210.84 Cr in Q1 FY27, growing 37.96% YoY from ₹152.82 Cr
Net profit for the quarter rose 81.73% YoY to ₹6.18 Cr vs ₹3.40 Cr in Q1 FY26
Basic EPS stood at ₹3.60 for the quarter compared to ₹1.98 in Q1 FY26
Mr. V.S.R. Anjaneyulu, VP - Technology Center, to retire effective September 5, 2026
Voluntary delisting process progressing following shareholder approval via postal ballot on July 10, 2026
👀 What to Watch
Track progress and regulatory approvals regarding the company's proposed voluntary delisting process, alongside monitoring whether margin expansion is maintained in subsequent quarters.
Hitech Corp Q1 PAT Up 81.7% YoY to ₹6.18 Cr; Revenue Climbs 38.0% to ₹210.84 Cr
Hitech Corporation reported standalone revenue from operations of ₹210.84 Cr for the quarter ended June 30, 2026, up 37.96% YoY from ₹152.82 Cr in the prior-year period. Net profit rose 81.73% YoY to ₹6.18 Cr compared to ₹3.40 Cr in Q1 FY26, translating to a quarterly basic EPS of ₹3.60 (vs ₹1.98 YoY). Additionally, the company noted that shareholders approved voluntary delisting via Postal Ballot on July 10, 2026, and regulatory approvals are underway.
Confidence: HIGH
What changedHitech Corp announced its audited standalone financial results for Q1 ended June 30, 2026, alongside an update on voluntary delisting progress and the retirement of its VP - Technology Center.
Why it mattersRobust quarterly top-line expansion (annualised run rate significantly above FY26 revenue of ₹640 Cr) and profit growth demonstrate operational momentum, while the pending delisting process is the central driver for public shareholders.
Standalone Revenue from Operations (Q1): ₹21,083.64 lakhsStandalone Net Profit (Q1): ₹618.13 lakhsBasic EPS (Q1): ₹3.60Q1 Revenue vs FY26 TTM Revenue: ~32.9%Shareholder Delisting Approval Date: 10th July 2026
📅 Short termStrong YoY operational performance (+82% PAT) supports business fundamentals, while stock price dynamics will remain heavily tethered to voluntary delisting developments.
📈 Long termSubject to successful delisting, the company may cease to trade publicly; structurally, business diversification beyond paint packaging continues to support revenue scale.
⚠ Risk flags
- Delisting process outcome and pricing uncertainty for minority shareholders
- High customer concentration in the paint and adhesives sector
- Crude-linked polymer price volatility and potential lag in cost pass-through
Key Highlights
Standalone revenue from operations surged 37.96% YoY to ₹21,083.64 lakhs (₹210.84 Cr) vs ₹15,282.06 lakhs in Q1 FY26
Net profit jumped 81.73% YoY to ₹618.13 lakhs (₹6.18 Cr) compared to ₹340.14 lakhs in Q1 FY26
Basic and diluted EPS stood at ₹3.60 per share for the quarter vs ₹1.98 in Q1 FY26
Shareholders approved voluntary delisting of equity shares via Postal Ballot on July 10, 2026; regulatory approvals in progress
Retirement of Senior Managerial Personnel Mr. V.S.R. Anjaneyulu (VP - Technology Center) approved, effective September 05, 2026
👀 What to Watch
Track the regulatory clearance and reverse book building / pricing milestones for the voluntary delisting process, alongside monitoring raw material margin absorption in upcoming quarters.
99.67% Approval for Voluntary Delisting of Hitech Corporation Limited
Shareholders of Hitech Corporation have approved the voluntary delisting of the company from BSE and NSE through a special resolution. The proposal received overwhelming support with 99.67% of total votes in favor, and public shareholder support was approximately 19.4 times the votes against, comfortably exceeding the SEBI-mandated 2:1 ratio. Additionally, the re-appointment of Mr. Malav Dani as Managing Director and the appointment of Mr. Mehli Golvala as an Independent Director were approved with over 99.9% majorities. This marks a critical step toward the company transitioning into a private entity.
Confidence: HIGH
What changedShareholders have formally authorized the promoters to proceed with the voluntary delisting of the company's equity shares from the stock exchanges.
Why it mattersThis is a major corporate event that will lead to the company becoming private; if successful, minority shareholders will be offered an exit, after which the stock will no longer be tradeable on public exchanges.
Total Shareholders: 8,477Delisting Approval (Total): 99.67%Public Votes (In Favor): 866,690Public Votes (Against): 44,505Promoter Holding: 74.44%
📅 Short termThe stock price is likely to be driven by speculation regarding the potential exit price in the reverse book-building process over the coming weeks.
📈 Long termIf the delisting is successful, the company will cease to be a public entity; if it fails due to price disagreement, the company will remain listed with its current operational focus on packaging for FMCG and paints.
⚠ Risk flags
- Exit price discovery risk
- Liquidity risk for shareholders who do not tender if delisting is successful
- Potential failure of delisting if promoters reject the discovered price
Key Highlights
Voluntary delisting resolution passed with 13,365,370 votes in favor (99.67% of total polled)
Public shareholder support for delisting stood at 866,690 votes in favor versus 44,505 against
Re-appointment of Managing Director Malav Dani approved with 99.95% majority (13,682,545 votes)
Total of 8,477 shareholders were on record as of the June 5, 2026, cut-off date
The delisting process satisfied Regulation 11(4) of SEBI Delisting Regulations requiring a 2x majority from public shareholders
👀 What to Watch
Investors should monitor the upcoming reverse book-building process which will determine the final exit price. Compare the discovered price against the company's book value and TTM EPS of Rs 8.84 to assess the fairness of the offer.
Hitech Corp Proposes Voluntary Delisting and Re-appointment of MD Malav Dani
Hitech Corporation Limited has issued a postal ballot notice seeking shareholder approval for voluntary delisting from BSE and NSE, initiated by the promoter group entity Geetanjali Trading And Investments. The company also proposes the re-appointment of Mr. Malav Dani as Managing Director for a five-year term starting August 5, 2026, with an annual gross salary of INR 63 lakhs. Additionally, the appointment of Mr. Mehli Golvala as an Independent Director is on the agenda. Shareholders can cast their votes electronically between June 11 and July 10, 2026.
Key Highlights
Proposal for voluntary delisting from BSE and NSE following an Initial Public Announcement on May 25, 2026.
Re-appointment of Mr. Malav Dani as Managing Director for a 5-year tenure (2026-2031) at INR 63 lakhs per annum.
Appointment of Mr. Mehli Golvala as an Independent Non-Executive Director for shareholder approval.
Remote e-voting period scheduled from June 11, 2026, to July 10, 2026, with results by July 14.
Delisting offer is being made by Geetanjali Trading And Investments Private Limited, a member of the promoter group.
👀 What to Watch
Investors should closely monitor the delisting process, specifically the floor price and reverse book-building results, to determine whether to tender their shares. Shareholders should also evaluate the MD's remuneration and the new director's profile before casting their votes by July 10.
Hitech Corp Board Approves Voluntary Delisting; Indicative Offer Price Set at ₹353 Per Share
The Board of Hitech Corporation has approved a voluntary delisting proposal from its promoter group entity, Geetanjali Trading and Investments Private Limited. The acquirer intends to purchase the 25.57% public shareholding (43,91,220 shares) to take the company private. While the floor price is set at ₹252 per share, the acquirer has announced a significantly higher indicative offer price of ₹353 per share. The proposal now awaits shareholder approval through a postal ballot and the reverse book-building process.
Key Highlights
Indicative offer price of ₹353 per share represents a 40% premium over the floor price of ₹252.
The delisting targets 43,91,220 equity shares held by public shareholders, representing 25.57% of the company.
Promoter group currently holds 1,27,84,480 shares, equivalent to 74.43% of the paid-up capital.
The Board has reviewed the due diligence and audit reports, certifying compliance with SEBI Delisting Regulations.
Final delisting is subject to shareholder approval via postal ballot and successful reverse book-building.
👀 What to Watch
Investors should watch for the postal ballot notice and consider the indicative price of ₹353 as a benchmark for the upcoming reverse book-building process. Existing shareholders may see the stock price align closer to the indicative offer price in the short term.
Hitech Corp Board Approves Voluntary Delisting; Indicative Offer Price Set at ₹353 per Share
The Board of Hitech Corporation has approved a voluntary delisting proposal from its promoter group, Geetanjali Trading and Investments Private Limited. The floor price for the acquisition of the 25.57% public shareholding (43,91,220 shares) is set at ₹252 per share, while the acquirer has provided an indicative offer price of ₹353 per share. The delisting is now subject to shareholder approval via postal ballot and the successful completion of the reverse book-building process.
Key Highlights
Promoter group seeks to acquire 43,91,220 equity shares representing 25.57% of the total paid-up capital.
Indicative offer price of ₹353 per share represents a 40% premium over the regulatory floor price of ₹252.
Promoters currently hold 74.43% (1,27,84,480 shares) of the company as of June 3, 2026.
The Board has certified that the delisting proposal is in the interest of the shareholders and compliant with SEBI regulations.
Final exit price will be determined through the Reverse Book Building (RBB) process as per SEBI Delisting Regulations.
👀 What to Watch
Investors should watch for the postal ballot notice to cast their vote and monitor the reverse book-building process to decide whether to tender shares at the indicative price or a higher bid.
Hitech Corp Board to Meet June 9 for Delisting; Indicative Offer Price Set at ₹353/Share
Hitech Corporation Limited has scheduled a Board meeting on June 9, 2026, to consider a voluntary delisting proposal from its promoter group, Geetanjali Trading and Investments Private Limited. The acquirer has proposed an indicative offer price of ₹353 per share, which represents a significant 40.08% premium over the floor price of ₹252. The Board will review due diligence reports and valuation certificates to decide on the proposal, which aims to acquire all public equity shares and delist from BSE and NSE.
Key Highlights
Board meeting on June 9, 2026, to evaluate the voluntary delisting proposal from the promoter group.
Indicative offer price of ₹353 per share is a 40.08% premium over the floor price of ₹252.
The proposal involves the acquisition of all fully paid-up equity shares from public shareholders.
Trading window is closed for insiders until 48 hours after the announcement of the Board meeting outcome.
👀 What to Watch
Investors should monitor the outcome of the June 9 Board meeting as the proposed premium is substantial; however, the final delisting is subject to Board approval, shareholder voting, and regulatory clearances.
Hitech Corp Appoints New Peer Review CS for Voluntary Delisting Due Diligence
Hitech Corporation Limited has announced a change in the Peer Review Company Secretary appointed for its voluntary delisting process. Mrs. Prerana Jadhav has been appointed to replace M/s. Robert Pavrey & Associates LLP, who expressed unavailability due to exigencies. This appointment, made via circular resolution on June 4, 2026, is essential for conducting due diligence under SEBI Delisting Regulations. The move ensures that the delisting process remains compliant with statutory timelines and proceeds without interruption.
Key Highlights
Appointment of Mrs. Prerana Jadhav (Peer Review No. 2751/2022) as the new Peer Review Company Secretary.
Replacement of M/s. Robert Pavrey & Associates LLP following their communication of unavailability on June 4, 2026.
Due diligence to be conducted in accordance with Regulation 10(2) and 10(3) of SEBI Delisting Regulations.
The appointee will also carry out audits as per Regulation 76 of the SEBI (Depositories and Participants) Regulations, 2018.
👀 What to Watch
Investors should continue to monitor the progress of the voluntary delisting proposal as the due diligence phase is a critical step toward determining the final offer. No immediate action is required until further details on the delisting price and timelines are released.
Hitech Corporation Sets Delisting Floor Price at ₹252 and Indicative Price at ₹353
Hitech Corporation's promoter, Geetanjali Trading and Investments, is proceeding with a voluntary delisting of the company's equity shares. An independent valuer has determined the regulatory floor price to be ₹252 per share based on SEBI guidelines. Notably, the acquirer has proposed an indicative offer price of ₹353 per share, representing a significant premium over the floor price. The company has appointed a peer-review firm to conduct the mandatory due diligence required for the delisting process.
Key Highlights
Floor price determined at ₹252 per equity share based on Adjusted Book Value and 60-day VWAP.
Acquirer has offered an Indicative Price of ₹353 per share, which is ~40% higher than the floor price.
Promoter and promoter group currently hold 74.43% of the company's total paid-up equity capital.
M/s. Robert Pavrey & Associates LLP appointed to carry out mandatory due diligence and audit.
The reference date for the floor price determination was set as May 26, 2026.
👀 What to Watch
Investors should note the indicative price of ₹353 as a potential exit point, but the final exit price will be determined through the reverse book-building process. Monitor upcoming board approvals and the letter of offer for specific timelines.
Hitech Corp Promoter Proposes Voluntary Delisting at Indicative Price of ₹353 Per Share
Geetanjali Trading and Investments, a promoter group member of Hitech Corporation, has issued an Initial Public Announcement for the voluntary delisting of the company's equity shares. The promoter group currently holds a 74.43% stake and aims to acquire the remaining public shareholding to reach the 90% delisting threshold. An indicative offer price of ₹353 per share has been proposed, which is higher than the stock's lifetime high of ₹351.35. The final exit price will be determined through the Reverse Book Building process, subject to shareholder and regulatory approvals.
Key Highlights
Promoter group proposes voluntary delisting from BSE and NSE to provide exit liquidity to public shareholders.
Indicative offer price set at ₹353 per share, surpassing the previous lifetime high of ₹351.35.
Promoters currently hold 1,27,84,480 shares (74.43%), requiring a 90% total stake for successful delisting.
Average free float over the last 6 months was only ₹64.46 Crores, contributing to the rationale for delisting.
The final exit price will be discovered via the Reverse Book Building process as per SEBI Delisting Regulations.
👀 What to Watch
Investors should watch for the upcoming postal ballot for shareholder approval and the subsequent Reverse Book Building window to tender their shares. The indicative price of ₹353 serves as a benchmark, but the final discovered price may vary based on market participation.
Hitech Corporation Receives Voluntary Delisting Proposal from Promoter Group
Hitech Corporation Limited has received an Initial Public Announcement from its promoter group member, Geetanjali Trading and Investments Private Limited, expressing an intent to voluntarily delist the company. The acquirer proposes to purchase all fully paid-up equity shares of face value INR 10 held by public shareholders. Following the acquisition, the company intends to delist its equity shares from both the BSE and NSE. Kreo Capital Private Limited has been appointed as the manager to the offer to oversee the regulatory process.
Key Highlights
Promoter group member Geetanjali Trading and Investments Private Limited initiates voluntary delisting process.
Proposal involves acquiring all outstanding equity shares from public shareholders.
Equity shares have a face value of INR 10 each and are currently listed on BSE and NSE.
Kreo Capital Private Limited is the designated manager to the delisting offer.
The announcement follows Regulation 8 of the SEBI (Delisting of Equity Shares) Regulations, 2021.
👀 What to Watch
Investors should hold their positions and wait for the announcement of the floor price and the board of directors' recommendation. The final exit price will be determined through the reverse book building process, which typically offers a premium to the current market price.
Hitech Corp FY26 Revenue Rises to ₹584 Cr; Recommends ₹1 Dividend & Re-appoints MD
Hitech Corporation Limited reported a steady growth in its annual revenue for FY26, reaching ₹58,425.16 lakhs compared to ₹54,942.94 lakhs in FY25. The Board has recommended a dividend of ₹1 per equity share (10% of face value) for the financial year. Leadership stability is reinforced with the re-appointment of Mr. Malav Dani as Managing Director for a five-year term, while Mr. Jayendra Shah is set to retire by rotation at the upcoming AGM.
Key Highlights
Annual Revenue from Operations grew 6.3% YoY to ₹58,425.16 lakhs in FY26.
Recommended a dividend of ₹1 per equity share (10% of face value Rs. 10) for FY26.
Re-appointed Mr. Malav Dani as Managing Director for a five-year term starting August 5, 2026.
Q4 FY26 Revenue stood at ₹15,161.20 lakhs, showing growth over ₹13,729.55 lakhs in Q4 FY25.
Mr. Jayendra Shah, Non-Executive Non-Independent Director, to retire at the 35th AGM.
👀 What to Watch
Investors should note the consistent revenue growth and dividend payout as signs of operational stability; the re-appointment of the MD ensures management continuity.
Hitech Corp Recommends ₹1 Dividend; FY26 Revenue Grows 6.3% to ₹584.25 Crore
Hitech Corporation Limited has recommended a final dividend of ₹1 per equity share (10% of face value) for FY26. The company reported a steady growth in annual revenue from operations, reaching ₹584.25 crore compared to ₹549.43 crore in the previous fiscal year. Fourth-quarter revenue also showed strength at ₹151.61 crore, up from ₹137.30 crore year-on-year. Additionally, the board has ensured leadership continuity by re-appointing Malav Dani as Managing Director for a five-year term.
Key Highlights
Recommended a final dividend of ₹1 per equity share for the financial year ended March 31, 2026.
Annual revenue from operations increased by 6.3% to ₹584.25 crore in FY26.
Q4 FY26 revenue grew to ₹151.61 crore, a 10.4% increase over the corresponding quarter last year.
Managing Director Malav Dani re-appointed for a 5-year term effective August 5, 2026.
Total annual expenses for FY26 stood at ₹576.29 crore, with finance costs rising to ₹18.37 crore.
👀 What to Watch
Investors should consider the steady revenue growth and management stability as positive indicators; the stock remains a hold for those seeking consistent dividend payouts.
Hitech Corp Q4 Revenue Up 10.4% YoY to ₹151.6 Cr; Recommends ₹1 Dividend
Hitech Corporation reported a 10.4% year-on-year increase in Q4 revenue, reaching ₹151.61 crore. For the full financial year 2026, revenue grew by 6.3% to ₹584.25 crore compared to ₹549.43 crore in the previous year. The board has recommended a dividend of ₹1 per share (10% of face value) for FY26. Additionally, the company secured leadership continuity by re-appointing Malav Dani as Managing Director for a five-year term.
Key Highlights
Q4 FY26 Revenue from operations grew 10.4% YoY to ₹15,161.20 lakhs
Full-year FY26 Revenue increased to ₹58,425.16 lakhs from ₹54,942.94 lakhs in FY25
Board recommended a dividend of ₹1.00 per equity share (10% of face value)
Managing Director Malav Dani re-appointed for a 5-year term starting August 2026
Finance costs for the full year rose to ₹1,837.39 lakhs from ₹1,606.54 lakhs
👀 What to Watch
Investors should take note of the steady revenue growth and the board's commitment to dividends. However, monitor the rising finance costs which may impact bottom-line growth in future periods.
Hitech Corp Appoints Mugdha Khare as CFO; Announces Major Management Reshuffle
Hitech Corporation has restructured its top leadership, appointing Mrs. Mugdha Khare as the new CFO, who brings 16 years of experience including managing a ₹5,000 million treasury at NOCIL. The company also promoted Ravi G. Balasubramanian to President and hired Girish Haganoor to lead its subsidiary, Thriarr Polymers. While COO Jasraj Singh resigned for health reasons, the board added tax expert Mehli Golvala as an Independent Director for a 5-year term. These changes aim to strengthen the company's operational and financial oversight.
Key Highlights
Mrs. Mugdha Khare appointed as CFO; previously handled ₹7,500 million forex exposure at NOCIL.
Mr. Ravi G. Balasubramanian elevated to President after 40 years in the plastics sector.
Mr. Mehli Golvala, with 40 years of tax law experience, joins as Independent Director for a 5-year term.
COO Mr. Jasraj Singh to step down on May 15, 2026, due to health concerns.
Mr. Girish Haganoor appointed as President of subsidiary Thriarr Polymers effective May 07, 2026.
👀 What to Watch
Investors should monitor the transition of the new CFO and the impact of the new leadership team on operational efficiency. The strong professional backgrounds of the new appointees suggest a focus on strengthening corporate governance.
Hitech Corp Announces Major Leadership Shuffle: New CFO, President, and Independent Director
Hitech Corporation has undergone a significant management restructuring, appointing Mrs. Mugdha Khare as the new Chief Financial Officer with 16+ years of experience. The company also elevated Mr. Ravi G. Balasubramanian to President and appointed Mr. Girish Haganoor as President of its subsidiary, Thriarr Polymers. While Mr. Mehli Golvala joins as an Independent Director for a 5-year term, the company faces the departure of its COO, Mr. Jasraj Singh, due to health reasons. These changes bring in seasoned professionals with decades of experience in the plastics and manufacturing sectors.
Key Highlights
Mrs. Mugdha Khare appointed as CFO & KMP, bringing 16+ years of experience from Astec Life Sciences and NOCIL.
Mr. Ravi G. Balasubramanian elevated to President with over 40 years of experience in the plastics and polymer sector.
Mr. Mehli Golvala appointed as Additional Independent Director for a 5-year term starting May 08, 2026.
COO Mr. Jasraj Singh resigned effective May 15, 2026, citing health grounds.
Mr. Girish Haganoor appointed as President of subsidiary Thriarr Polymers with 30+ years of automotive and aerospace experience.
👀 What to Watch
Investors should monitor the transition of the new leadership team, particularly the CFO and the newly elevated President, to ensure operational stability. The resignation of the COO is a watch point, but the high caliber of new appointments appears to mitigate immediate leadership risks.
Hitech Corp Q3 Revenue Grows to ₹131.5 Cr; CFO Retires, WTD Re-appointed
Hitech Corporation reported a 6.9% year-on-year growth in Q3 FY26 revenue, reaching ₹13,153.75 lakhs. For the nine-month period ending December 2025, revenue stood at ₹43,263.96 lakhs, up from ₹41,213.39 lakhs in the previous year. The company also announced the retirement of CFO Mrs. Avan R. Chaina effective February 11, 2026, with a search for a successor currently underway. Additionally, the Board approved the re-appointment of Mr. Mehernosh Mehta as Whole Time Director for a one-year term starting March 2026.
Key Highlights
Q3 FY26 revenue from operations increased to ₹13,153.75 lakhs from ₹12,300.05 lakhs YoY.
Nine-month revenue for FY26 rose to ₹43,263.96 lakhs compared to ₹41,213.39 lakhs in FY25.
CFO Mrs. Avan R. Chaina to retire on February 11, 2026, following the completion of her extended term.
Mr. Mehernosh Mehta re-appointed as Whole Time Director for 1 year effective March 17, 2026.
Company is in the process of identifying a successor for the CFO position to ensure a smooth transition.
👀 What to Watch
Investors should monitor the upcoming appointment of the new CFO to ensure leadership continuity. While revenue growth is steady, the impact of management transitions on operational efficiency should be watched.
Hitech Corp Q3 Revenue Up 7% YoY to ₹131.5 Cr; CFO Avan Chaina Retires
Hitech Corporation reported a standalone revenue of ₹131.54 crore for Q3 FY26, marking a 6.9% growth compared to ₹123.00 crore in the same quarter last year. For the nine-month period ended December 31, 2025, revenue rose to ₹432.64 crore from ₹412.13 crore YoY. The company also announced the retirement of CFO Mrs. Avan R. Chaina effective February 11, 2026, and is currently identifying a successor. Additionally, Mr. Mehernosh Mehta has been re-appointed as Whole Time Director for a one-year term starting March 2026.
Key Highlights
Standalone revenue for Q3 FY26 stood at ₹13,153.75 lakhs vs ₹12,300.05 lakhs YoY.
Revenue for 9M FY26 reached ₹43,263.96 lakhs, a growth of 4.97% over 9M FY25.
Sequential revenue declined by 11.3% from ₹14,828.15 lakhs in Q2 FY26.
CFO Mrs. Avan R. Chaina to retire on February 11, 2026; succession process is underway.
Whole Time Director Mehernosh Mehta re-appointed for one year effective March 17, 2026.
👀 What to Watch
Investors should monitor the appointment of the new CFO to ensure management stability and track if the sequential revenue decline is a seasonal trend or a demand slowdown.
