Outcome of the Board Meeting held on May 29, 2026
HITECHGEAR · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
The Hi-Tech Gears Limited reported audited financial results for Q4 and FY2026. Standalone revenue from operations for the year was Rs 6,486.50 million, with profit after tax of Rs 330.54 million, down approximately 30% from Rs 473.78 million in FY2025. Consolidated revenue was Rs 9,084.25 million with PAT of Rs 209.79 million, down about 48% from Rs 403.63 million in the prior year. The Board recommended a final dividend of Rs 4 per equity share (40% payout) for FY2026, subject to shareholder approval at the AGM. Additionally, Mr. Vijay Mathur was appointed as Executive Director and Chief Financial Officer effective May 29, 2026. The company also allotted 20,330 equity shares to eligible employees under its Stock Incentive Plan 2021. The statutory auditors issued an unmodified (clean) opinion on the financial statements.
While revenue remained relatively stable, the significant decline in profitability (30-48% drop in PAT) may concern investors. However, the continuation of dividend payout and clean audit opinion provide some comfort. The stock declined from Rs 10/- each.