The National Company Law Appellate Tribunal (NCLAT) has extended the interim stay on the Corporate Insolvency Resolution Process (CIRP) for The Hi-Tech Gears Ltd . The tribunal, in its order dated August 17, 2026, directed that the interim stay granted vide its earlier order dated September 3, 2024, shall continue.

The NCLAT principal bench in New Delhi listed the appeal for the next hearing on September 25, 2026. The matter was originally scheduled for hearing on August 17, 2026, but could not be taken up due to paucity of time.

Regulatory Context

The order pertains to Comp. App. (AT) (Ins) No. 1734 of 2024 and I.A. No. 2735 of 2025. The appellant is Naveen Jain, Company Secretary and shareholder of The Hi-Tech Gears Ltd., while the respondents are Happy Forgings Ltd. and another.

The tribunal bench consisted of Justice Sharad Kumar Sharma (Judicial Member), Arun Baroka (Technical Member), and Indevar Pandey (Technical Member). The interim order was passed in hybrid mode.

What the Numbers Show

The continuation of the interim stay implies that the insolvency proceedings remain suspended until further orders from the NCLAT. This maintains the status quo regarding the company’s corporate actions and operational control during the pendency of the appeal.

The Hi-Tech Gears Ltd has fixed Tuesday, September 15, 2026, as the record date for determining shareholder entitlement to a proposed dividend of ₹4 per equity share. The payout, which equates to 40% of the ₹10 face value per share, applies to the financial year 2025-26. Shareholders holding the stock on this date will be eligible to receive the dividend if it is formally declared by members at the company’s 40th Annual General Meeting (AGM).

The announcement was made in a letter dated August 12, 2026, addressed to the listing departments of the National Stock Exchange of India Limited (NSE) and BSE Limited. The communication clarifies that the Board of Directors has recommended the dividend, but its disbursement remains contingent upon shareholder approval during the ensuing AGM. This procedural step ensures that the final allocation of profits aligns with the collective decision of the company’s equity holders.

In addition to setting the financial record date, The Hi-Tech Gears Ltd has designated Tuesday, September 15, 2026, as the cut-off date for voting eligibility. Only shareholders registered in the company’s records on this specific date will be entitled to cast their votes during the 40th AGM. This synchronization simplifies the administrative process for both the company and its investors, linking dividend entitlement with voting rights under a single timeline.

The disclosure was filed pursuant to Regulation 42 of the Securities & Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015. This regulatory framework mandates timely public disclosure of material events, including dividend recommendations and key dates related to general meetings. The filing ensures transparency and allows investors to plan their portfolios accordingly ahead of the AGM.

Key Dates and Details

Naveen Jain, Company Secretary and Compliance Officer of The Hi-Tech Gears Ltd, signed the intimation letter. The company maintains its corporate office in Gurugram, Haryana, and operates manufacturing facilities in Bhiwadi and Manesar. It also holds subsidiaries in Canada and the United States, reflecting its global operational footprint. Investors are advised to monitor further communications regarding the exact schedule of the 40th AGM where the dividend declaration will be finalized.