Appointment of Mr. Vijay Mathur as Chief Financial Officer of the Company, in addition to his position of Executive Director.
HITECHGEAR · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
The Hi-Tech Gears Limited's Board approved audited financial results for Q4 and FY26 ended March 31, 2026. Standalone revenue grew slightly to Rs 6,806 million from Rs 6,696 million, but profit after tax dropped significantly to Rs 330.5 million from Rs 473.8 million (down 30%). Consolidated PAT fell nearly half to Rs 209.8 million from Rs 403.6 million. The Board recommended a final dividend of Rs 4 per share (40%) for FY26, subject to shareholder approval at the AGM. Additionally, Mr. Vijay Mathur, currently Executive Director with 36 years at the company, has been appointed as Chief Financial Officer (CFO) in addition to his existing role, effective May 29, 2026. This is an internal promotion combining his existing executive director position with CFO responsibilities. The auditors issued an unmodified opinion on the financial statements.
The significant profit decline (30% standalone, 48% consolidated) is a concern for investors despite stable revenues. The combined CFO-Executive Director role consolidates leadership but raises governance questions about workload concentration. The dividend provides some investor cushion amid lower earnings.