Hitech Corporation Limited has officially announced the re-appointment of Mr. Mehernosh Mehta as Whole Time Director following overwhelming shareholder approval through postal ballot. The company filed regulatory disclosure under reference HCL/2025-26/DOE/08 on March 27, 2026, confirming the appointment effective from March 17, 2026.

Official Regulatory Disclosure

The company communicated the results to BSE Limited and National Stock Exchange of India Limited under Regulation 30 of SEBI Listing Regulations. The disclosure confirmed that shareholders approved the re-appointment by requisite majority, with Mr. Mehta serving for a period of one year from March 17, 2026, to March 16, 2027.

Comprehensive Voting Results

The postal ballot process demonstrated exceptional shareholder confidence with 99.9956% votes cast in favour of the resolution. The detailed voting breakdown across all shareholder categories shows overwhelming support for the leadership appointment.

Director Profile and Qualifications

Mr. Mehernosh Mehta brings extensive experience in manufacturing operations and general administration. He holds a B.E. in Electrical Engineering from Mumbai University and a Master's in Electrical Engineering from Michigan Technological University. Prior to joining Hitech, he worked for Sun-Up Botanics Private Limited for 20 years and has been associated with the Hitech group for over 10 years.

Scrutinizer's Compliance Verification

Mayank Arora & Co., Company Secretaries, submitted their scrutinizer's report dated March 26, 2026, confirming full procedural compliance. The report verified that 45 shareholders exercised their voting rights through NSDL's remote e-voting facility under Electronic Voting Sequence Number (EVSN) 138533. The company confirmed that Mr. Mehta has not been debarred by SEBI or any other authority and is not disqualified under Section 164 of the Companies Act, 2013.

Process Timeline and Corporate Governance

The complete postal ballot process followed regulatory requirements with proper documentation and transparency measures, ensuring shareholders received adequate information for informed decision-making.

Hitech Corporation Limited has issued a postal ballot notice to shareholders seeking approval for the re-appointment of Mr. Mehernosh Mehta as Whole Time Director. The company filed the notice with stock exchanges on February 23, 2026, pursuant to Regulation 30 of SEBI Listing Regulations.

Director Re-appointment Details

The postal ballot seeks shareholder approval for Mr. Mehernosh Mehta's (DIN: 00372340) re-appointment as Whole Time Director for a period of one year. The Board of Directors, based on the recommendation of the Nomination and Remuneration Committee, approved this re-appointment at their meeting held on February 10, 2026.

Remuneration Structure

The proposed remuneration package for Mr. Mehta has been structured with specific components for the financial year 2026-27.

Additional perquisites include contributions to Provident Fund, Superannuation Fund, Gratuity, and leave encashment, which will not be included in the remuneration ceiling computation as per Schedule V of the Companies Act.

Professional Background

Mr. Mehernosh Mehta brings significant expertise to his role as Whole Time Director. He holds a B.E. in Electronics Engineering from Mumbai University and a Master's in Electrical Engineering from Michigan Technological University. His professional experience spans extensive operations in manufacturing companies, with 20 years at Sun-Up Botanics Private Limited prior to joining Hitech Corporation Limited.

Voting Process and Timeline

The company has established a comprehensive e-voting process for shareholders to participate in the postal ballot. The voting will be conducted exclusively through remote electronic voting, with no physical voting option available.

The postal ballot notice has been sent electronically to all shareholders whose email addresses are registered with the company, Registrar and Share Transfer Agent (MUFG Intime India Private Limited), or depositories. The notice is also available on the company's website and stock exchange platforms.

Regulatory Compliance

M/s. Mayank Arora, Practicing Company Secretary (Membership No.: FCS 10378 and CP 13609), has been appointed as Scrutinizer for conducting the postal ballot process. The company has engaged National Securities Depository Limited (NSDL) to provide the e-voting facility platform. The resolution, if passed by requisite majority, will be deemed to have been passed on March 25, 2026.