Hitech Corporation Limited has informed the Exchange regarding Notice of Postal Ballot
HITECHCORP · price
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Awaiting price reaction for this filing.
Hitech Corporation Limited has issued a Postal Ballot Notice seeking shareholder approval to re-appoint Mr. Mehernosh Mehta (DIN: 00372340) as Whole Time Director for a period of 1 year, from March 17, 2026 to March 16, 2027. His current 5-year term (which started March 17, 2021) is set to expire on March 16, 2026. The proposed total remuneration for FY 2026-27 is Rs. 35,63,316 per annum, comprising a gross salary of Rs. 27,21,828 and other perquisites/allowances of Rs. 8,41,488. The e-voting window runs from February 24, 2026 (9:00 a.m.) to March 25, 2026 (5:00 p.m.), with results to be announced by March 27, 2026. The cut-off date for eligibility is February 13, 2026.
This is a routine governance item seeking shareholder approval for a 1-year re-appointment of an existing Whole Time Director, with a modest ~9% increase in gross salary compared to FY 2025-26. The short tenure suggests a transitional extension; the stock price is unlikely to be materially impacted unless shareholders raise concerns over governance or remuneration.