Hitech Corporation Limited has informed the Exchange about Resignation of Director/KMP/SMP
HITECHCORP · price
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Hitech Corporation's Board meeting on May 8, 2026 approved several leadership changes. The company appointed Mrs. Mugdha Khare as new Chief Financial Officer (CFO) and Key Managerial Personnel, bringing over 16 years of finance experience including roles at BSR & Co. (KPMG affiliate), NOCIL Limited, and most recently Astec Life Sciences. Mr. Ravi G. Balasubramanian was promoted internally to President, and Mr. Mehli Golvala was appointed as Additional Non-Executive Independent Director for a 5-year term subject to shareholder approval. Concurrently, Mr. Jasraj Singh resigned as Chief Operating Officer citing health reasons, effective May 15, 2026. Additionally, Mr. Bomi Chinoy completed his second term as Independent Director and ceased from the role effective May 22, 2026. Mr. Girish Haganoor was also appointed as President of Thriarr Polymers Private Limited, the company's wholly owned subsidiary.
The resignation of the COO on health grounds and the completion of an independent director's term represent some governance churn, though the company has moved quickly to appoint replacements with strong credentials. The new CFO with treasury and forex expertise could bring stronger financial oversight. Shareholders should monitor smooth transition during this management shuffle.