Change in Management
HITECHCORP · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Hitech Corporation's Board meeting on May 8, 2026 approved several leadership changes. Mrs. Mugdha Khare, a Chartered Accountant with 16+ years of experience across treasury, taxation, and finance roles at companies like NOCIL and Astec Life Sciences, has been appointed as Chief Financial Officer and Key Managerial Personnel. Mr. Mehli Golvala, a Fellow Member of ICAI with 40+ years of experience in taxation and corporate governance, has been appointed as Additional Director in the Non-Executive Independent category for 5 years, subject to shareholder approval. Mr. Ravi G. Balasubramanian was elevated from VP-Manufacturing to President. Mr. Jasraj Singh has resigned as Chief Operating Officer citing health reasons, effective May 15, 2026. The term of Mr. Bomi Chinoy as Non-Executive Independent Director will end on May 22, 2026 upon completion of his second 5-year term.
The resignation of COO Jasraj Singh on health grounds and the end of an independent director's term could raise governance concerns for investors. However, the appointment of a qualified CFO and an experienced independent director suggests continuity in leadership and governance standards.