Hi-Tech Gears Ltd

The Hi-Tech Gears Limited will hold a meeting of its Board of Directors on November 4, 2026, to consider the unaudited standalone and consolidated financial results for the quarter and half year ended September 30, 2026, according to a regulatory filing. The company’s trading window has been closed since October 1, 2026, and will remain closed for 48 hours after the board meeting concludes, as per SEBI (Prohibition of Insider Trading) Regulation, 2015.

The Hi-Tech Gears Limited informed the National Stock Exchange of India Limited and BSE Limited that the National Company Law Appellate Tribunal (NCLAT) has adjourned the hearing of Company Appeal (AT) (Ins) No. 1734 of 2024 to November 6, 2026, due to a lack of time, and has continued the interim stay on the Corporate Insolvency Resolution Process initially granted on September 3, 2024. The appeal involves Naveen Jain, shareholder of The Hi-Tech Gears Ltd., as appellant versus Happy Forgings Ltd. and another as respondents.

The Hi-Tech Gears Limited informed the National Stock Exchange of India Limited and BSE Limited that it received a certificate from MAS Services Limited, its Registrar and Share Transfer Agent, confirming the processing of securities received for dematerialization during the quarter ended September 30, 2026, within the stipulated time frame as per Regulation 74(5) of the SEBI (Depositories and Participants) Regulations, 2018.

The Hi-Tech Gears Limited informed the National Stock Exchange of India Limited and BSE Limited that the National Company Law Appellate Tribunal (NCLAT) adjourned the hearing of Company Appeal (AT) (Insolvency) No. 1734 of 2024 to October 7, 2026, due to a lack of time, while continuing the interim stay on the Corporate Insolvency Resolution Process, as directed in an order dated September 3, 2024. The appeal involves Naveen Jain versus Happy Forgings Ltd. and another respondent, with Dr. Deepak Thukral serving as the Interim Resolution Professional.

The Hi-Tech Gears Limited informed the National Stock Exchange of India Limited and BSE Limited that the National Company Law Appellate Tribunal (NCLAT) adjourned the hearing regarding the continuation of an interim stay on the Corporate Insolvency Resolution Process (CIRP) to October 5, 2026. The NCLAT accommodated the appellant's request for adjournment and directed the continuation of the interim stay granted on September 3, 2024, in a matter involving Naveen Jain, Company Secretary/Shareholder of The Hi-Tech Gears Ltd. as appellant versus Happy Forgings Ltd. and another as respondents.

The Hi-Tech Gears Limited informed the National Stock Exchange of India Limited and BSE Limited that the trading window for designated persons and their relatives will be closed from October 1, 2026, until 48 hours after the conclusion of the board meeting approving the unaudited financial results for the quarter and half year ended September 30, 2026.

The Hi-Tech Gears Limited informed the BSE Limited that the National Company Law Appellate Tribunal (NCLAT) adjourned the hearing regarding the continuation of an interim stay on the Corporate Insolvency Resolution Process (CIRP) to September 25, 2026, from August 17, 2026, due to a lack of time, and directed the continuation of the interim stay initially granted on September 3, 2024.

The Hi-Tech Gears Limited informed the National Stock Exchange of India Limited and BSE Limited that the next hearing regarding the continuation of an interim stay on the Corporate Insolvency Resolution Process has been adjourned to September 25, 2026, by the National Company Law Appellate Tribunal (NCLAT) in New Delhi. The NCLAT previously issued an order on April 20, 2026, and has directed the continuation of the interim stay, as per its order dated September 3, 2024, while Happy Forgings Ltd. and another entity are listed as respondents.

The Hi-Tech Gears Limited has set September 15, 2026, as the record date for determining entitlement to a dividend of Rs 4 per equity share, representing 40% of the Rs 10 face value, for the financial year 2025-26, contingent upon declaration at the 40th Annual General Meeting, and also as the cut-off date to determine shareholders eligible to vote at the same meeting.

The Hi-Tech Gears Ltd share price inched up 3.49% to Rs 589.85 after the company's net profit tumbled by 41.31% to Rs 4.76 crore, while revenue from operations improved marginally 3.87% to Rs 232.34 crore in Q2FY26 over Q1FY26. The market capitalization of Auto Components & Equipments industry group stocks on BSE stood at Rs 11.11 lakh crore, rising 5.53%. It has improved by 4.66% over last one week and rose by 12.05% in last one month while the market capitalization of The Hi-Tech Gears Ltd has marginally improved by 2.72% and 6.24% in the same period respectively. Profit before tax (PBT) of The Hi-Tech Gears Ltd stood at Rs 6.39 crore in Q2 FY26, tanking 39.20% year-on-year, and crashing by 36.42% quarter-on-quarter. EBITDA came in at Rs 25 crore, surging by 16.15% YoY and expanding by 20.50% sequentially. Total expenses saw a slight increase of 4.24% to Rs 228.67 crore in Q2FY26 over Q2FY25. During the quarter, cost of materials consumed stood at Rs 110.71 crore, inching up 0.34% YoY, while employee benefits expense was at Rs 46.09 crore, easing 3.90% YoY. For the TTM ended FY26, revenue from operations contracted by 16.33% to Rs 906.81 crore, while net profit saw a marginal increase of 8.35% to Rs 40.36 crore, compared to previous TTM. EBITDA surged by 14131% to Rs 124.17 crore, and PBT saw a minor gain of 3.02% to Rs 62.77 crore compared to previous TTM. The company's consolidated net cash flow from operating activities stood at Rs 149.04 crore in FY26, as against Rs 117.45 crore in FY25. The Hi-Tech Gears Ltd plunged by 15.14% in last one year, underperforming the benchmark BSE Sensex which has softened by 2.64% during the same period.