Hi-Tech Gears Sets September 19, 2025 as Record Date for Rs. 5 Per Share Dividend Aug 18, 2025
Hi-Tech Gears Reports Mixed Q1 Results: Net Profit Down 58%, EBITDA Surges 48% Aug 13, 2025
Hi-Tech Gears Gets Extended Stay on Insolvency Process, Next Hearing Set for October Aug 01, 2025
More news about Hi-Tech Gears
31Jul 25
Hi-Tech Gears Receives Reclassification Request from Promoter Group Entity
Hi-Tech Gears Limited has received a request from Dev Darshan Construction Private Limited to be reclassified from 'Promoter/Promoter Group' to 'Public' category. Dev Darshan Construction holds no shares in Hi-Tech Gears and was previously classified as a promoter group entity due to ownership by Hi-Tech Gears' promoters. The ownership of Dev Darshan Construction has been transferred to non-promoter group members, and the company meets all regulatory requirements for reclassification. Hi-Tech Gears will consider the request in an upcoming board meeting and proceed with necessary regulatory filings.
31Jul 25
Hi-Tech Gears Receives Reclassification Request from Promoter Group Entity
Hi-Tech Gears Limited has received a request from Dev Darshan Construction Private Limited to be reclassified from 'Promoter/Promoter Group' to 'Public' category. Dev Darshan, currently holding no shares in Hi-Tech Gears, was previously classified as a promoter group entity. The ownership of Dev Darshan has changed, with Deep Kapuria and Veena Kapuria transferring their entire stake to non-promoter group members. Dev Darshan confirms compliance with SEBI regulations for reclassification. Hi-Tech Gears will consider the request in an upcoming board meeting.
31Jul 25
Hi-Tech Gears Receives Reclassification Request from Promoter Group Entity
Dev Darshan Construction Private Limited, a promoter group entity of Hi-Tech Gears Limited, has requested reclassification from 'Promoter/Promoter Group' to 'Public' category. The entity holds no shares in Hi-Tech Gears. This follows ownership transfer of Dev Darshan Construction from Deep Kapuria and Veena Kapuria to non-promoter group members. The reclassification request meets SEBI regulatory requirements. Hi-Tech Gears' board will consider this request in an upcoming meeting.
23Jul 25
Hi-Tech Gears Announces Major Leadership Restructuring with Five Key Appointments
Hi-Tech Gears Limited has approved several key leadership changes. Deep Kapuria is reappointed as Executive Chairman, Pranav Kapuria continues as Managing Director, and Anuj Kapuria remains Executive Director, all for three-year terms from October 1, 2025. Ramakrishnan Ramanathan joins as an Additional Non-Executive Independent Director for five years, and Vijay Mathur is promoted to Executive Director for three years, both effective July 24, 2025. These appointments aim to strengthen the company's management structure in the evolving automotive industry.
Hi-Tech Gears announced Q4 financial results with consolidated revenue of ₹2.10 billion, down 26.32% year-over-year. Net profit decreased 45.60% to ₹97.00 million. EBITDA fell 18.71% to ₹332.00 million, but EBITDA margin improved to 15.79%. Quarter-over-quarter, net profit rose from ₹69.00 million to ₹97.00 million. For FY2024, total revenue was ₹1,116.80 crore with net profit at ₹114.30 crore, showing a 394.81% increase in net profit despite a 5.13% revenue decline compared to the previous year.