Hitech Corporation Limited has informed the Exchange regarding Notice of Annual General Meeting to be held on July 24, 2025
HITECHCORP · price
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Hitech Corporation Limited has filed its Annual Report for FY 2024-25 and the Notice convening its 34th Annual General Meeting, scheduled for Thursday, July 24, 2025, at 3:30 PM via video conference. For FY25 (standalone), revenue stood at ₹54,943 lakhs, down about 3% from ₹56,179 lakhs in FY24, while EBITDA fell 15% to ₹6,318 lakhs and PAT declined sharply to ₹798 lakhs from ₹2,200 lakhs. EPS dropped to ₹4.65 from ₹12.81 the previous year. During the year, the company acquired Thriarr Polymers (thermoset products) as a wholly owned subsidiary, incorporated Hitech Global Inc in the US, and commissioned a new large-drum manufacturing facility at Dahej, Gujarat. The AGM notice and annual report have been sent electronically to all members and are available on the company's website.
The results show a clear slowdown in profitability, with margins and earnings under pressure, which may weigh on near-term investor sentiment. However, the new Dahej facility, Thriarr Polymers acquisition, and US subsidiary signal a focus on future growth and diversification beyond rigid plastic packaging.