The Hi-Tech Gears Limited has informed the Exchange regarding Proceedings of Annual General Meeting held on September 27, 2025
HITECHGEAR · price
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The Hi-Tech Gears Limited held its 39th Annual General Meeting on September 27, 2025, at 5:00 PM, conducted both physically at the registered office in IMT Manesar, Gurugram, and via video conferencing. Mr. Pranav Kapuria chaired the meeting. Shareholders were asked to vote on 11 resolutions, including adoption of audited financial statements for FY ending March 31, 2025, and approval of a final dividend of Rs. 5.00 per equity share (50%) on shares of Rs. 10 face value for FY 2024-25. The meeting also covered re-appointment of retiring directors Mr. Anant Jaivant Talaulicar and Mr. Anuj Kapuria, re-appointment and remuneration of Executive Chairman Mr. Deep Kapuria, Managing Director Mr. Pranav Kapuria, and Executive Director Mr. Anuj Kapuria. New appointments include Mr. Ramakrishnan Ramanathan as Non-Executive Independent Director and Mr. Vijay Mathur as Whole-Time Director. Voting was conducted through NSDL's remote e-voting platform (September 24-26, 2025) and physical ballots at the meeting. The meeting concluded at 5:43 PM, with the scrutinizer's report to be submitted within two working days.
The Rs. 5 per share dividend is a direct cash benefit for shareholders. The re-appointment of senior leadership (Executive Chairman, MD, Executive Director) signals continuity in management, while the addition of new independent and whole-time directors reflects board refreshment. These are routine governance items and unlikely to cause significant immediate stock price movement.