Hitech Corp Appoints New CFO, President, and Additional Director
Hitech Corporation Limited has appointed Mrs. Mugdha Khare as CFO and KMP, effective May 08, 2026. Mr. Ravi G. Balasubramanian is elevated to President, effective May 08, 2026. Mr. Girish Haganoor appointed President of subsidiary Thriarr Polymers from May 07, 2026. Mr. Mehli Golvala appointed Additional Director for 5 years from May 08, 2026. Mr. Bomi Chinoy ceases as Independent Director on May 22, 2026. Mr. Jasraj Singh resigns as COO effective May 15, 2026.
The appointment of a new CFO, President, and Additional Director, along with the cessation of another director and resignation of COO, represents significant shifts in key leadership roles within the company. These changes can influence strategic direction and operational execution, thus having a medium-term impact.
The announcement details several changes in management and board positions, including appointments and cessations. While these are significant operational changes, they do not inherently indicate a positive or negative financial impact on the company based solely on the information provided.
Hitech Corporation Limited announced significant management changes following a Board of Directors meeting held on May 08, 2026. Mr. Girish Haganoor has been appointed as President of Thriarr Polymers Private Limited, a wholly-owned subsidiary, effective May 07, 2026. Mr. Ravi G. Balasubramanian, formerly VP – Manufacturing, has been elevated to President and Senior Managerial Personnel of the company, effective May 08, 2026. Mrs. Mugdha Khare has been appointed as the Chief Financial Officer (CFO) and Key Managerial Personnel (KMP) of the company, also effective May 08, 2026. Mrs. Khare is a qualified Chartered Accountant and Company Secretary with over 16 years of experience in treasury, taxation, and financial operations.
Additionally, Mr. Mehli Golvala has been appointed as an Additional Director (Non-Executive Independent Category) for a term of 5 years, effective May 08, 2026, subject to shareholder approval. Mr. Golvala is a Fellow Member of the ICAI with over 40 years of experience in taxation laws and is not related to any directors or KMPs of the company. He currently serves as an Independent Director on the Board of Geetanjali Trading and Investments Private Limited.
The Board also noted the cessation of Mr. Bomi Chinoy's term as Non-Executive Independent Director on May 22, 2026, upon completion of his second term. Furthermore, Mr. Jasraj Singh has resigned from his position as Chief Operating Officer due to health grounds, with his last day being May 15, 2026. The company will seek shareholder approval for Mr. Golvala's appointment in due course. The meeting commenced at 04:00 p.m. and concluded at 6:30 p.m.
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Hitech Corporation Limited filed this with the NSE as a statutory disclosure, categorised under key management changes. It is a primary document, not a recommendation, and the desk marks it medium impact: worth reading, rarely worth acting on by itself.
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See the model portfoliosA plain-language summary of a public exchange filing by Hitech Corporation Limited. Read the original for the full detail.