Hitech Corporation Limited has informed the Exchange regarding Outcome of Board Meeting held on May 08, 2026.
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 was appointed as Chief Financial Officer (CFO) and Key Managerial Personnel, bringing over 16 years of finance experience from firms including KPMG affiliate BSR & Co. Mr. Ravi G. Balasubramanian was elevated from VP-Manufacturing to President. Mr. Mehli Golvala was appointed as Additional Director (Non-Executive Independent Category) for 5 years, subject to shareholder approval—he is a chartered accountant with 40+ years in taxation and currently serves on the holding company's board. Mr. Bomi Chinoy's term as Independent Director ends on May 22, 2026 after completing two consecutive 5-year terms. Mr. Jasraj Singh resigned as Chief Operating Officer on health grounds, effective May 15, 2026.
The appointment of a new CFO with strong treasury and board-level experience is positive for financial governance. The COO's resignation on health grounds represents a key operational leadership change that could raise concerns about continuity. The independent director transition maintains board composition.