Latest news about Hitech Corporation
Hitech Corporation
242.18
+22.01(+10.00%)
Company Performance:
View Company Insights1D+10.00%
1M+74.37%
6M+39.79%
1Y+30.25%
5Y+33.99%
More news about Hitech Corporation
23Feb 26
Hitech Corporation Limited Issues Postal Ballot Notice for Director Re-appointment
Hitech Corporation Limited has issued a postal ballot notice seeking shareholder approval for Mr. Mehernosh Mehta's re-appointment as Whole Time Director for one year from March 17, 2026 to March 16, 2027, with annual remuneration of Rs. 35,63,316. The remote e-voting period runs from February 24 to March 25, 2026, with results expected by March 27, 2026.
04Feb 26
Hitech Corporation Limited Schedules Board Meeting for February 10, 2026 to Approve Q3FY26 Financial Results
Hitech Corporation Limited has scheduled its board meeting for February 10, 2026, to consider and approve audited standalone and consolidated financial results for the quarter ended December 31, 2025. The company has notified stock exchanges in compliance with SEBI Regulation 29. The trading window, currently closed ahead of results publication, will reopen 48 hours after the financial results are made public as per the company's Code of Conduct.
11Nov 25
Hitech Corporation Reports Mixed Q2 Results, Extends Key Leadership Roles
Hitech Corporation announced its Q2 2025 financial results, showing a 12.2% increase in consolidated revenue to ₹16,438.13 lakhs and a 50% rise in consolidated net profit to ₹417.03 lakhs. However, standalone net profit declined by 48.4% to ₹150.98 lakhs. The company extended terms for three key leaders: Mr. Raghavendra Prasad (GM-HR) for two years, Mr. V.S.R. Anjaneyulu (VP-Technology Center) for one year, and Mr. Mehernosh Mehta (Whole-Time Director) until March 2026.
08Aug 25
Hitech Corporation Reports 15.6% Revenue Growth in Q1 FY2026
Hitech Corporation Limited announced robust financial results for Q1 FY2026. Consolidated revenue increased by 15.6% to ₹16,490.48 crore, while profit after tax grew by 22.2% to ₹474.79 crore compared to Q1 FY2025. The company's consolidated basic EPS improved to ₹2.76, up 22.1% year-over-year. Hitech Corporation's strong performance in the plastic products segment contributed significantly to its overall growth. The Board of Directors approved the financial results on August 8, 2025.
17Mar 25
Hitech Corporation to Shutter PPMF Business Unit in Gujarat
Hitech Corporation has announced the closure of its Plastic Processing Machinery Facility (PPMF) business unit in Gujarat. The company states this decision is not expected to significantly impact overall operations. This move is likely part of a broader strategy to streamline operations and focus on core competencies. The closure may lead to resource reallocation and potential new investments in other business areas.
13Mar 25
Hitech Corporation to Shutter PPMF Unit in Gujarat Amid Market Challenges
Hitech Corporation Limited announced the closure of its Plastic Processing Machinery and Fabrication (PPMF) business unit in Gujarat, citing unfavorable market conditions and operational losses. The closure, expected to be completed by May 2025, will affect a unit that contributed 1.22% to the company's total turnover in FY 2023-24. The decision is not expected to materially impact overall operations, as the unit's closure will have a -0.23% effect on profit and net worth.
25Feb 25
Hitech Corporation Expands Portfolio with ₹30 Crore Acquisition of Thriarr Polymers
Hitech Corporation has entered into a Share Purchase Agreement to acquire a 100% stake in Thriarr Polymers Private Limited for up to ₹30 crore. Thriarr Polymers, a manufacturer of electrical, automobile, and industrial components, has a strong export presence in markets including the USA, UAE, and Ireland. The acquisition is expected to be completed within 30 days and will be paid for in cash. This strategic move aims to expand Hitech's product offerings, enhance its market reach, and strengthen its international presence. Thriarr Polymers will become a wholly-owned subsidiary of Hitech Corporation post-acquisition.
24Feb 25
Hitech Corporation Inks Deal to Acquire Thriarr Polymers for Up to ₹300 Crore
Hitech Corporation Limited has agreed to acquire a 100% stake in Thriarr Polymers Private Limited for up to ₹300 crore. The acquisition, expected to complete within 30 days, will expand Hitech's product portfolio in electrical, automobile, and industrial components. Thriarr Polymers, with two manufacturing facilities in Ahmednagar, has shown consistent growth and exports to the USA, UAE, and Ireland. This strategic move aims to enhance Hitech's market reach and international presence.
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