The Hi-Tech Gears Limited has submitted the Exchange a copy Srutinizers report of Postal Ballot. Further, the company has informed the Exchange regarding voting results.
HITECHGEAR · price
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The Hi-Tech Gears Limited has announced the results of a postal ballot conducted via remote e-voting from June 16 to July 15, 2025. Three special resolutions were put to shareholders: (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) as per the Companies Act, 2013, and (3) alteration of the Object clause of the MOA. Out of 10,906 shareholders on record, around 76.65% of outstanding shares (approximately 1.44 crore shares) participated in voting. All three resolutions passed with overwhelming support — about 99.998% voted in favour, with only 217–235 shares voted against each resolution.
The near-unanimous approval indicates strong shareholder backing for management's proposals. The appointment adds a new independent director to the board, while the MOA and Object clause changes suggest the company is preparing to diversify or expand its business activities beyond current permitted objects.