The Hi-Tech Gears Limited has informed the Exchange regarding Appointment of Mr Vijay Mathur as Chief Financial Officer of the company w.e.f. May 29, 2026.
HITECHGEAR · price
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The Hi-Tech Gears Limited reported audited FY2026 results showing standalone revenue of Rs 6,486.50 million, up 1.5% from prior year. However, standalone profit after tax fell to Rs 330.54 million from Rs 473.78 million in FY2025, representing a 30% decline. The Board recommended a final dividend of Rs 4 per equity share (40%) for shareholder approval at AGM. Mr. Vijay Mathur was appointed as Executive Director & Chief Financial Officer effective May 29, 2026, combining his existing Whole-Time Director role with CFO responsibilities. Mathur has 41 years of finance experience and has been with the company for 36 years. Auditors issued an unmodified opinion on the financial statements.
The appointment of an experienced internal candidate as CFO is a stabilizing factor, while the profit decline despite steady revenue growth signals margin pressure. The maintained dividend provides shareholder returns but declining earnings may weigh on near-term stock performance.