The Hi-Tech Gears Limited has informed the Exchange regarding Outcome of Board Meeting held on July 23, 2025.
HITECHGEAR · price
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The board of The Hi-Tech Gears, meeting on July 23, 2025, approved a sweeping set of leadership changes. Founder Deep Kapuria has been re-appointed as Executive Chairman for three years from October 1, 2025, alongside his sons Pranav Kapuria (re-appointed as Managing Director) and Anuj Kapuria (re-appointed as Executive Director), each also for three-year terms. Separately, the board appointed Ramakrishnan Ramanathan, a 38-year Tata Motors veteran in commercial vehicles and P&L leadership, as an Additional Independent Director for five years from July 24, 2025. Long-serving insider Vijay Mathur, a finance specialist with around 35 years at the company, has been elevated to Executive Director for three years. All five appointments are subject to shareholder approval, with the three Kapuria members being related to each other (father and two sons).
The Kapuria family retains full control of the company's top executive positions for another three years, signalling management continuity but likely drawing related-party scrutiny from minority shareholders at the upcoming vote. The induction of a high-profile ex-Tata Motors independent director and the elevation of a long-tenured finance insider could strengthen board oversight and operational depth.