Corporate Action- Board recommended final dividend.
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 of Directors has recommended a final dividend of Rs 4 per equity share (40% on face value of Rs 10) for Financial Year 2025-26, subject to shareholder approval at the AGM. The company reported standalone revenue from operations of Rs 6,486.50 million for FY26, compared to Rs 6,389.93 million in FY25, showing marginal growth. However, standalone profit after tax declined to Rs 330.54 million from Rs 473.78 million in the previous year, representing approximately 30% decline. Consolidated profit after tax also fell significantly to Rs 209.79 million from Rs 403.63 million. The board also approved appointment of Mr. Vijay Mathur as Executive Director & CFO and allotted 20,330 equity shares under the company's stock incentive plan.
The dividend recommendation indicates the board is maintaining shareholder returns despite a notable decline in profitability. Investors should note the profit contraction while evaluating the dividend sustainability.