The Hi-Tech Gears declares final dividend of 40%, appoints Vijay Mathur as CFO
The Hi-Tech Gears Limited's Board approved audited financial results for FY26. A final dividend of 40% (₹4 per share) was recommended. Mr. Vijay Mathur was appointed as Executive Director & CFO.
The dividend recommendation and CFO appointment are material events for the company, impacting shareholder returns and management structure.
The announcement is positive due to the recommendation of a final dividend and the appointment of a key executive.
The Board of Directors of The Hi-Tech Gears Limited, in their meeting held on May 29, 2026, approved the audited standalone and consolidated financial statements for the quarter and year ended March 31, 2026. The company recommended a final dividend of 40%, equivalent to ₹4 per equity share of ₹10 face value, subject to shareholder approval at the Annual General Meeting.
Furthermore, the Board approved the appointment of Mr. Vijay Mathur as Executive Director & Chief Financial Officer (CFO), based on recommendations from the Nomination & Remuneration Committee and the Audit Committee. The board meeting commenced at 5:00 PM and concluded at 7:10 PM.
What to do with a filing like this
The Hi-Tech Gears Limited filed this with the NSE as a statutory disclosure, categorised under dividend. 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 The Hi-Tech Gears Limited. Read the original for the full detail.