The Hi-Tech Gears Limited has informed the Exchange regarding Change in Director(s) of the company.
HITECHGEAR · price
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The board of The Hi-Tech Gears Limited, at its meeting on July 23, 2025, approved the re-appointment of all three Kapuria family members for three-year terms effective October 1, 2025: Mr. Deep Kapuria as Executive Chairman, Mr. Pranav Kapuria as Managing Director, and Mr. Anuj Kapuria as Executive Director. All three are promoter family members (father and two sons) and these re-appointments are subject to shareholder approval. Additionally, the board appointed Mr. Ramakrishnan Ramanathan, a former Tata Motors senior leader with 38 years of experience, as a new Independent Director for five years starting July 24, 2025. The company also elevated Mr. Vijay Mathur, a 35-year company veteran and former CFO, to the position of Whole-Time Director and KMP (Executive Director) for three years from July 24, 2025.
This is largely a continuity announcement with the promoter family leadership being retained, which should be seen as stable for shareholders. The addition of a seasoned Tata Motors veteran as Independent Director and the promotion of a long-serving finance professional to the executive board strengthens governance and operational expertise.