Hitech Corporation Limited — Board Meeting, 26-05-2025: Outcome of Board Meeting

Hitech Corporation has announced a board meeting on May 26, 2025, approving the financial results for the quarter and half-year. Consolidated revenue reached ₹561.43 Cr, with a net profit of ₹8.99 Cr. The Board proposed a dividend of Re.1 per share (10%). The company acquired Thriarr Polymers Limited, recognizing goodwill of ₹8.41 Cr. It plans to shut down its Sarigam unit by May, incurring a one-time retrenchment cost of ₹1.55 Cr. Dr. Swaminathan Sivaram, a leading polymer scientist, will become Chairman post-AGM.