The Hi-Tech Gears Limited has informed the Exchange about Copy of Newspaper Publication regarding Notice of Postal Ballot and remote e-voting to Members
HITECHGEAR · price
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The Hi-Tech Gears Limited has informed the stock exchanges that it published a Postal Ballot Notice in Business Standard (English and Hindi editions) on June 12, 2025, confirming electronic dispatch of the notice to members on June 11, 2025. Shareholders will vote via remote e-voting (through NSDL) on three special resolutions: (1) appointment of Mr. Vishal Seth (DIN: 05136478) as a Non-Executive & Independent Director, (2) adoption of a new set of Memorandum of Association (MOA) under the Companies Act 2013, and (3) alteration in the Object Clause of the MOA. The e-voting window opens on June 16, 2025 at 9:00 AM and closes on July 15, 2025 at 5:00 PM, with the cut-off date set as June 6, 2025. Results will be declared on or before July 17, 2025.
Shareholders should review and vote on the three special resolutions, particularly the appointment of a new independent director and changes to the MOA's object clause, which signal a possible shift in the company's business direction. The MOA alteration is a notable corporate action that investors should monitor closely for its implications on future business activities.