Hitech Corporation Limited shareholders have approved the re-appointment of Malav Dani as Managing Director and the appointment of Mehli Golvala as an Independent Non-Executive Director through a postal ballot process concluded on July 10, 2026. The resolutions were passed with the requisite majority, securing the company's leadership structure for the next five years. These appointments are subject to necessary regulatory approvals and compliance with SEBI regulations.

Malav Dani has been re-appointed as Managing Director for a term of five years commencing from August 05, 2026, to August 04, 2031. He holds a Bachelor of Science from Purdue University and an MBA from Columbia University. Dani previously served at General Electric for six years and currently serves as a Non-Executive Director at Asian Paints Limited. He is the son of Mrs. Ina Dani, a Non-Executive Non-Independent Director of the company.

Mehli Golvala has been appointed as an Independent Non-Executive Director for a term of five consecutive years effective May 08, 2026, to May 07, 2031. A Fellow Member of the Institute of Chartered Accountants of India (ICAI), Golvala brings over 40 years of experience in taxation laws. He formerly served as the Managing Partner and Senior Tax Partner at Kalyaniwalla & Mistry LLP.

The following table summarizes the key details of the appointments:

The company confirmed that neither director has been debarred from holding the office of director by the Securities and Exchange Board of India or any other authority. Both directors are also not disqualified from holding the director's office pursuant to Section 164 of the Companies Act, 2013. The disclosures were made in compliance with Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Hitech Corporation Limited has published the notice for its postal ballot and remote e-voting process in newspapers, including The Business Standard and Mumbai Lakshadeep, on June 11, 2026. The company seeks shareholder approval for the voluntary delisting of its equity shares from BSE Limited and National Stock Exchange of India Limited. The delisting proposal, backed by promoter group entity Geetanjali Trading and Investments Private Limited, offers an indicative price of ₹353 per equity share, a 40.08% premium over the floor price of ₹252 per share.

The Board approved the proposal on June 9, 2026, based on a due diligence report and share capital audit report. The acquirer currently holds 74.43% of the total paid-up equity share capital and intends to acquire the remaining 25.57% held by public shareholders. Shareholders whose names appear in the Register of Members or List of Beneficial Owners as of the cut-off date, Friday, June 5, 2026, are entitled to vote. The delisting requires a special resolution where votes cast by public shareholders in favor must be at least two times the votes cast against it.

Remote e-voting commences on June 11, 2026, at 9:00 a.m. and concludes on July 10, 2026, at 5:00 p.m. M/s. Mayank Arora, Practising Company Secretaries, has been appointed as the scrutinizer. The results are scheduled to be declared on or before July 14, 2026. The notice also includes resolutions for the re-appointment of Mr. Malav Dani as Managing Director for five years from August 5, 2026, and the appointment of Mr. Mehli Golvala as an Independent Non-Executive Director for five years effective from May 8, 2026.

Mr. Dani’s proposed remuneration is ₹63,00,000 per annum, excluding perquisites and commission. The Postal Ballot Notice is available on the company's website and the websites of NSDL, BSE, and NSE.