The Hi-Tech Gears Limited has informed the Exchange regarding Change in Director(s) of the company.
HITECHGEAR · price
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The Hi-Tech Gears Limited has informed the stock exchanges that Mr. Sameer Gupta (DIN: 00513925), a Non-Executive Independent Director, has resigned from the Board effective from the close of business hours on June 20, 2025. He has also stepped down from the Audit Committee and the Nomination & Remuneration Committee. Mr. Gupta cited pre-occupation elsewhere as the reason for his resignation and confirmed there are no other material reasons. He does not hold directorship or committee membership in any other listed entity.
The exit of an independent director creates a vacancy on the Board and on two key committees (Audit and Nomination & Remuneration), which the company will need to fill in due course to maintain regulatory compliance. For shareholders, this is a routine personal-reason resignation with no governance red flags, and is unlikely to have a material impact on the stock price.