Hitech Corporation Limited held its 35th Annual General Meeting (AGM) on September 24, 2026. The meeting was conducted through video conferencing and other audio-visual means, in compliance with Ministry of Corporate Affairs and SEBI regulations.

The proceedings commenced at 3:30 pm and concluded at 4:31 pm. Dr. Sivaram Swaminathan, Chairman of the Company, chaired the session. The requisite quorum was present, with 48 members attending the meeting, comprising four from the promoter group and 44 public shareholders.

Resolutions Transacted

The notice convening the AGM dated May 20, 2026, outlined four key items of ordinary business. These were voted upon via remote e-voting prior to and during the meeting.

Meeting Proceedings and Attendance

All directors were present except Kalpana Merchant, Independent Director and Chairperson of the Stakeholder Relationship Committee, who was absent due to pre-occupation. Representatives from Kalyaniwalla & Mistry LLP, Statutory Auditors, and Niles Shah & Associates, Secretarial Auditors, attended via video conference. The auditors' reports contained no qualifications or observations.

Thirteen shareholder speakers raised queries regarding financial performance and other relevant matters during the open house session. The Managing Director provided clarifications and invited written submissions for any unanswered questions.

Voting and Scrutiny Details

Mayank Arora, Proprietor of M/s Mayank Arora & Co., served as the scrutinizer for the voting process. Remote e-voting was available from September 21 to September 23, 2026. Members who did not vote remotely could cast their votes electronically during the AGM. Voting remained open for 15 minutes after the meeting's conclusion.

The consolidated voting results and the scrutinizer's report are scheduled to be submitted to stock exchanges within two working days. These results will also be displayed on the company's website and the National Securities Depository Limited (NSDL) e-voting portal.

Hitech Corporation submitted updated due diligence and share capital audit reports to the BSE and NSE on September 8, 2026. The filings address specific queries raised by the NSE regarding the periods covered in earlier documents related to the company's voluntary delisting proposal.

The Board of Directors approved the revised reports via Circular Resolution No. 3/2026-27. These submissions follow the initial board approval for delisting on June 9, 2026, and subsequent shareholder approval received on July 10, 2026. The company had previously filed for in-principle approval with both exchanges on July 10, 2026.

Updated Reporting Periods

Peer Review Practicing Company Secretary Prerana Jadhav issued the revised documents to clarify the coverage timelines. The updated Due Diligence Report covers the period from June 9, 2024, to June 8, 2026. This date range extends up to one day prior to the June 9, 2026, board meeting that considered the delisting proposal.

Two separate Regulation 76 Share Capital Audit Reports were also submitted:

• A report dated September 7, 2026, covering six months from December 9, 2025, to June 8, 2026.
• A report dated September 2, 2026, covering six months from January 10, 2026, to July 9, 2026.

Shareholding Structure

The due diligence review examined trading activities by the acquirer and top public shareholders over the two-year review period ending June 8, 2026. The report confirms no change in the shareholding of the acquirer or related entities during this timeframe.

Promoters and promoter group members currently hold 1,27,84,480 equity shares, representing 74.43% of the paid-up equity capital. The acquirer has confirmed no direct or indirect connection with the top twenty-five public shareholders listed in the filing.

Top Public Shareholders

The filing details the positions of the largest public shareholders as of June 8, 2026. Rajen Anil Shah leads the list with 1,65,000 shares (0.96% stake), followed by Sunil Kumar Daga holding 1,06,000 shares (0.62% stake).

Capital Reconciliation

The share capital audit reports reconcile the issued capital against exchange records. The total issued capital stands at 1,71,75,700 equity shares of face value ₹10 each. This figure matches the listed capital on both BSE and NSE records.

Dematerialization data indicates that 89.91% of shares are held in NSDL, while 9.89% are held in CDSL. Physical holdings account for a minimal 1.20% of the total capital. No discrepancies were reported between company records and exchange listings for either reporting period.