Hi-tech gears Limited has successfully completed the allotment of 20,330 equity shares to its eligible employees under the company's Employee Stock Option Plan. The Nomination and Remuneration Committee approved this allotment on February 24, 2026, marking another milestone in the company's employee incentive program.

Share Allotment Details

The allotment was executed under "The Hi-Tech Gears Limited Stock Incentive Plan, 2021" with specific parameters that benefit employee participation in the company's growth.

Impact on Share Capital

The allotment has resulted in an increase in the company's paid-up equity share capital, reflecting the expansion of employee ownership in the organization.

Regulatory Compliance

The company has fulfilled all regulatory requirements for the share allotment process. The newly issued shares carry distinctive numbers from 18793218 to 18813547 and will rank pari-passu with existing equity shares. The shares are issued in demat form under ISIN number INE127B01011.

Committee Meeting Details

The Nomination and Remuneration Committee meeting that approved the allotment commenced at 12:30 Noon and concluded at 12:47 P.M. on February 24, 2026. The committee ensured compliance with SEBI regulations including the Share Based Employee Benefits and Sweat Equity Regulations, 2021, and Listing Obligations and Disclosure Requirements Regulations, 2015.

Stock Exchange Listing

Hi-Tech Gears Limited shares are listed on both major Indian stock exchanges - BSE Limited with scrip code 522073 and National Stock Exchange of India Limited with symbol HITECHGEAR. The company has filed the necessary statements with both exchanges, with filing numbers BSE-140396 and NSE-28733 for the original ESOP plan registration in October 2021.

Hi-tech gears has updated stock exchanges regarding the postponement of its National Company Law Appellate Tribunal (NCLAT) hearing on the Corporate Insolvency Resolution Process. The hearing, originally scheduled for February 18, 2026, has been rescheduled to April 20, 2026, due to time constraints at the tribunal.

NCLAT Hearing Details

The NCLAT Principal Bench in New Delhi was unable to hear the matter on the scheduled date of February 18, 2026, citing paucity of time as the reason for postponement. The tribunal has fixed the next hearing date for April 20, 2026, in the case involving Company Secretary and shareholder Naveen Jain as the appellant against Happy Forgings Ltd. and another respondent.

Interim Stay Continuation

The NCLAT has directed the continuation of the interim stay on the Corporate Insolvency Resolution Process (CIRP) that was originally granted through its order dated September 03, 2024. This interim relief remains in effect until the next hearing date, providing temporary protection to the company from the insolvency proceedings.

Legal Representation

The appellant is represented by a team of legal experts including Ms. Pooja M. Saigal as Senior Advocate, along with Mr. Ajay Bhargava, Ms. Wamika Trehan, and Mr. Varun Chopra as Advocates. The first respondent, Happy Forgings Ltd., is represented by Dr. Rajansh Thukral, Ms. Surekha Thukral, Mr. Sidharth Thukral, and Mr. Rajan Thukral.

Company Communication

The company communicated this development to both the National Stock Exchange of India Limited and BSE Limited on February 21, 2026, through a formal intimation signed by Company Secretary and Compliance Officer Naveen Jain. The communication referenced the previous intimation dated December 18, 2025, regarding the NCLAT order passed on December 16, 2025, which had continued the interim stay and fixed the February 18, 2026 hearing date.

The company has attached a copy of the NCLAT order uploaded on the tribunal's website on February 21, 2026, for the stock exchanges' records and requested them to take note of this information.