Outcome of Board Meeting dated 20th May, 2026
HITECHCORP · price
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Hitech Corporation's Board approved audited FY2026 standalone and consolidated results. Consolidated revenue grew 14% to Rs 6,404 lakhs (vs Rs 5,614 lakhs), with profit after tax rising 70% to Rs 1,519 lakhs. Standalone PAT was flat at Rs 802 lakhs. The company recognized a Rs 135.15 lakh charge due to new Labour Codes (gratuity and compensated absences), but this was offset by land compensation gains. EPS improved to Rs 8.84 consolidated vs Rs 5.20 prior year. The Board recommended a dividend of Rs 1 per share (10%) and re-appointed Mr. Malav Dani as Managing Director for 5 years from August 2026. Mr. Jayendra Shah will retire by rotation at the 35th AGM.
Strong consolidated performance with 70% PAT growth reflects operational strength; the 10% dividend and Managing Director re-appointment are positive signals for shareholder confidence.