Hi-Tech Gears has announced a significant development in its ongoing legal proceedings. The National Company Law Appellate Tribunal (NCLAT) has rescheduled the hearing of the company's case, originally set for October 14, to December 16, 2025, due to time constraints.

Extended Stay on Insolvency Process

In a crucial decision, the NCLAT has extended the interim stay on the Corporate Insolvency Resolution Process (CIRP) for Hi-Tech Gears. This stay, initially granted on September 3, 2024, will continue until the next hearing date.

Case Details

The case involves an appeal filed by Naveen Jain, the Company Secretary and a shareholder of Hi-Tech Gears, against Happy Forgings Ltd. and another respondent. The matter is being heard under the Comp. App. (AT) (Ins) No. 1734 of 2024 & I.A. No. 2735 of 2025.

Legal Representation

The appellant, Naveen Jain, is represented by a team of legal professionals including Senior Advocate Mr. Abhinav Vasisth and other advocates. The respondents are represented by Dr. Rajnash Thukral and Adv. Swati Saluja.

Regulatory Compliance

Hi-Tech Gears has informed both the National Stock Exchange of India Limited and BSE Limited about this development through a regulatory filing dated October 18, 2025. This action aligns with the company's commitment to transparency and adherence to listing obligations.

Company Background

Hi-Tech Gears Limited, with its corporate identity number L29130HR1986PLC081555, has its corporate office in Gurugram, Haryana. The company operates manufacturing facilities in Bhiwadi, Rajasthan, and Manesar, Haryana, and has subsidiaries in Canada and the USA.

This postponement and the continuation of the stay on the insolvency process represent significant developments for Hi-Tech Gears. Stakeholders will be awaiting the outcome of the December 16 hearing, which could have important implications for the company's future.

Hi-Tech Gears Limited has announced key dates for its upcoming dividend distribution and Annual General Meeting (AGM). The company's Board of Directors has recommended a dividend of Rs. 5.00 per equity share for the financial year 2024-25, subject to shareholder approval at the upcoming 39th AGM.

Dividend Details

• Dividend Amount: Rs. 5.00 per equity share (face value Rs. 10.00 each)
• Dividend Percentage: 50%
• Financial Year: 2024-25
• Record Date: September 19, 2025 (Friday)

Key Dates and Information

• Record Date: September 19, 2025
  • Purpose: Determining shareholder eligibility for the proposed dividend
• Cut-Off Date: September 19, 2025
  • Purpose: Determining shareholders eligible to vote at the 39th AGM
• Event: 39th Annual General Meeting (AGM)
  • Note: The dividend is subject to approval at this meeting

Company Details

• Company Name: The Hi-Tech Gears Limited
• CIN: L29130HR1986PLC081555
• Registered Office: Plot No. 24, 25, 26 Sector-7, IMT Manesar - 122050 Gurugram, Haryana, India

The company has officially intimated the stock exchanges about these dates in compliance with Regulation 42 of the Securities & Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Investors and shareholders should note that September 19, 2025, serves as both the Record Date for dividend eligibility and the Cut-Off Date for voting rights at the AGM. This alignment simplifies the process for shareholders, ensuring that those eligible for the dividend are also able to participate in the voting process at the upcoming AGM.

Hi-Tech Gears Limited, known for its presence in the auto components sector, continues to maintain its commitment to shareholder value through consistent dividend policies. Shareholders and potential investors are advised to mark these dates in their calendars and watch for further announcements regarding the AGM and the final dividend declaration.