Hitech Corporation Limited has informed the Exchange that Board of Directors at its meeting held on May 20, 2026, recommended Final Dividend of Re. 1 per equity share.
HITECHCORP · price
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Hitech Corporation Limited's Board meeting on May 20, 2026 recommended a final dividend of Re. 1 per equity share (10% on Rs. 10 face value) for FY2026, subject to shareholder approval at the 35th AGM. The company reported standalone revenue from operations of Rs. 58,425.16 lakhs (up from Rs. 54,942.94 lakhs) and standalone PAT of Rs. 802.34 lakhs (vs Rs. 798.10 lakhs). On a consolidated basis, revenue grew to Rs. 64,040.21 lakhs (vs Rs. 56,142.61 lakhs) and consolidated PAT increased significantly to Rs. 1,518.86 lakhs (vs Rs. 893.67 lakhs). Consolidated EPS improved to Rs. 8.84 from Rs. 5.20. The Board also re-appointed Mr. Malav Dani as Managing Director for 5 years and noted Mr. Jayendra Shah's retirement by rotation.
The dividend recommendation signals the company's financial stability and commitment to shareholder returns. The strong growth in consolidated profitability, with PAT up 70% year-on-year, may positively influence investor sentiment despite the modest dividend amount.