Announced Fri, 10 Jul · 20:25 IST
Hitech Corporation re-appoints MD and adds new Independent Director
Management Changes View source PDF
HITECHCORP · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Price reaction · full curve 14 horizons · vs prior close
-1.7%1-day move
₹323.95
prior close
₹313.00
base price
After-mkt
timing
5m10m15m30m1D2D3D4D5D7D15D1M2M3M
—+2.5——-1.7-1.5-0.3-0.6-0.6+0.0————
Up moveDown movePending
AI summary
Shareholders approved via postal ballot the re-appointment of Mr. Malav Dani as Managing Director for 5 years (Aug 5, 2026 to Aug 4, 2031) and the appointment of Mr. Mehli Golvala as Independent Non-Executive Director for 5 years (May 8, 2026 to May 7, 2031). Mr. Dani has led Hitech since 2011 and is son of existing director Mrs. Ina Dani. Mr. Golvala is an ICAI Fellow with 40 plus years in tax advisory and was formerly at Kalyaniwalla and Mistry LLP.
Likely market impact
Leadership continuity with MD extended for 5 years; board strengthened by new Independent Director with deep tax and governance experience.