Hitech Corporation Limited has informed the Exchange about change in Management
HITECHCORP · price
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Hitech Corporation announced multiple leadership changes effective May 2026. Key appointments include Mrs. Mugdha Khare as new CFO and KMP (replacing no outgoing CFO), Mr. Mehli Golvala as Additional Non-Executive Independent Director (subject to shareholder approval), Mr. Ravi G. Balasubramanian elevated to President from VP role, and Mr. Girish Haganoor appointed as President of wholly-owned subsidiary Thriarr Polymers. On the departure side, Mr. Jasraj Singh resigned as COO citing health reasons effective May 15, 2026, and Mr. Bomi Chinoy's term as Non-Executive Independent Director will end on May 22, 2026 after completing two consecutive 5-year terms. The new appointments bring significant experience in finance (Khare from KPMG background), taxation expertise (Golvala, former tax partner at Kalyaniwalla & Mistry), and plastics manufacturing (Ravi with 40+ years in polymer sector).
The CFO appointment fills a critical role with a qualified chartered accountant having strong treasury and finance credentials. The COO resignation on health grounds may create short-term operational transition challenges, though the company has multiple senior promotions to mitigate impact. The independent director change (Bomi Chinoy term completion) is a routine governance transition.