Board approves Q1 FY27 results, land buy, and two overseas subsidiaries
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Hy-Tech Engineers Board on Sept 18, 2026 approved standalone unaudited results for the quarter ended June 30, 2026 with a clean limited review from G.M. Kapadia and Co. It also approved buying about 6.5 acres near Shirval, Satara for up to Rs 6 crore to expand Instrumentation Project Engineering stainless-steel capacity. Two wholly owned subsidiaries will be set up, one in Frankfurt, Germany with initial funding up to EUR 25,000 (around Rs 27 lakh) and one in Delaware, USA up to USD 300,000 (around Rs 2.86 crore), acting as local distribution and customer support hubs to shift from an export model to local supply.
Land purchase and overseas subsidiaries show a clear capacity and global distribution push, though funding sizes are small, limiting immediate financial impact.