Hi-Tech Gears Ltd

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.

The Hi-Tech Gears Limited will hold its 40th Annual General Meeting on Tuesday, September 22, 2026, at 5:00 P.M. (IST) at its registered office in Manesar, Gurugram, Haryana, with the option to attend via video conferencing, and has scheduled a book closure from Wednesday, September 16, 2026, to Tuesday, September 22, 2026, for the payment of the final dividend for the financial year 2025-26 and for the AGM.

The Hi-Tech Gears Limited will hold its 40th Annual General Meeting on Tuesday, September 22, 2026, at 5:00 P.M. (IST) at its registered office in Manesar, Gurugram, Haryana, with the option to attend via video conferencing, and has scheduled a book closure from Wednesday, September 16, 2026, to Tuesday, September 22, 2026, for the payment of the final dividend for the financial year 2025-26 and for the AGM.

The Hi-Tech Gears Limited informed the Bombay Stock Exchange and National Stock Exchange of India that its Nomination and Remuneration Committee approved the allotment of 6,497 equity shares to eligible employees under “The Hi-Tech Gears Limited Stock Incentive Plan, 2021” at an exercise price of Rs 10 per share, increasing the company's paid-up equity share capital from Rs 18,81,35,470 consisting of 1,88,13,547 shares to Rs 18,82,00,440 consisting of 1,88,20,044 shares.

The Hi-Tech Gears Limited will hold a meeting of its Board of Directors on August 6, 2026, to consider the unaudited standalone and consolidated financial results for the quarter ended June 30, 2026, according to a filing with the National Stock Exchange of India Limited and BSE Limited. The company closed its trading window for insiders on July 1, 2026, and it will remain closed until 48 hours after the board meeting concludes.

Net profit of The Hi-Tech Gears declined 16.56% to Rs 8.11 crore in the quarter ended March 2026 as against Rs 9.72 crore during the previous quarter ended March 2025. Sales rose 6.40% to Rs 223.69 crore in the quarter ended March 2026 as against Rs 210.23 crore during the previous quarter ended March 2025. For the full year,net profit declined 48.02% to Rs 20.98 crore in the year ended March 2026 as against Rs 40.36 crore during the previous year ended March 2025. Sales declined 2.01% to Rs 888.56 crore in the year ended March 2026 as against Rs 906.81 crore during the previous year ended March 2025. ParticularsQuarter EndedYear EndedMar. 2026Mar. 2025% Var.Mar. 2026Mar. 2025% Var. Sales223.69210.23 6 888.56906.81 -2 OPM %11.2815.80 -11.3814.98 - PBDT26.0233.18 -22 100.62126.23 -20 PBT10.0517.25 -42 33.2962.77 -47 NP8.119.72 -17 20.9840.36 -48 Powered by Capital Market - Live

The Hi-Tech Gears announced that the Board of Directors of the Company at its meeting held on 29 May 2026, inter alia, have recommended the final dividend of Rs 4 per equity Share (i.e. 40%) , subject to the approval of the shareholders.