The Hi-Tech Gears Limited has informed the Exchange about change in Management
HITECHGEAR · price
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Mr. Sameer Gupta (DIN: 00513925), a Non-Executive Independent Director on the Board of The Hi-Tech Gears Limited, has resigned with effect from the close of business hours on June 20, 2025. The reason cited is pre-occupation elsewhere, and he has confirmed that there are no other material reasons for stepping down. As a result, he will also cease to be a member of the Audit Committee and the Nomination & Remuneration Committee. He does not hold directorship or committee membership in any other listed entity. The company has been asked to file this under SEBI's Listing Regulations.
The departure creates a vacancy on the board as well as the audit committee, both of which are key governance bodies. Since the reason is personal and no governance red flags are mentioned, this is a routine change. The company will need to appoint a replacement independent director within the timelines required under SEBI rules to maintain the minimum board and audit committee composition.