Hitech Corporation Approves FY26 Results, Recommends ₹1 Dividend, Reappoints Mr. Malav Dani as MD
Hitech Corporation's board approved FY26 audited results and recommended a ₹1 dividend per share. Mr. Malav Dani was re-appointed as Managing Director for five years starting August 5, 2026, subject to approvals. Mr. Jayendra Shah will retire by rotation at the 35th AGM. The board meeting concluded at 5:50 p.m. on May 20, 2026.
The changes in key management personnel and the dividend announcement are likely to have a moderate impact on investor sentiment and the company's operations.
The announcement includes positive elements such as dividend recommendation, re-appointment of the Managing Director, and approval of financial results.
Hitech Corporation Limited's Board of Directors approved the audited standalone and consolidated financial statements and results for the fourth quarter and financial year ended March 31, 2026. The board recommended a dividend of ₹1 per equity share (10%) with a face value of ₹10 each, subject to shareholder approval at the upcoming 35th Annual General Meeting (AGM).
The board also approved the re-appointment of Mr. Malav Dani as Managing Director for a five-year term starting August 5, 2026, based on the recommendation of the Nomination and Remuneration Committee. Mr. Jayendra Shah will retire by rotation at the 35th AGM, with the board acknowledging his contributions. The board meeting commenced at 2:30 p.m. and concluded at 5:50 p.m.
The company will publish the results in newspapers as per regulations and has made the outcome available on its website. The auditor's, M/S KALYANIWALLA & MISTRY LLP, have issued an unmodified opinion on the financial statements.
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Hitech Corporation Limited filed this with the NSE as a statutory disclosure, categorised under quarterly results. 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.