The Hi-Tech Gears Limited has informed the Exchange regarding Approval of the Board for reclassification request received to change the status from Promoter Group category to Public category.
HITECHGEAR · price
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The Hi-Tech Gears Limited's Board, at its August 11, 2025 meeting, approved the unaudited standalone and consolidated financial results for Q1 FY26 (quarter ended June 30, 2025). On a standalone basis, revenue from operations fell to ₹1,545.43 million from ₹1,742.72 million in Q1 FY25, while profit after tax dropped sharply to ₹93.92 million from ₹143.66 million YoY. Consolidated revenue declined to ₹2,200.94 million (vs ₹2,630.39 million YoY) with PAT of ₹59.98 million (vs ₹142.37 million YoY). Standalone EPS came in at ₹5.00 vs ₹7.65 a year ago. The Board also approved the reclassification of M/s. Dev Darshan Construction Private Limited from the 'Promoter Group' category to the 'Public' category, subject to stock exchange approvals, as it holds less than 10% of equity and has no board representation, control, or special rights. Additionally, M/s. PG & Associates was appointed as Secretarial Auditor for five years (FY26–FY30), and Mr. Nirbhay Kumar was named Scrutinizer for the 39th AGM.
Q1 results show a meaningful YoY decline in both revenue (~11% standalone) and profitability (~35% standalone PAT), which may pressure the stock in the near term. The promoter reclassification is largely administrative and reflects a non-promoter entity with under 10% holding, so it should not materially affect shareholding structure or control.