The Hi-Tech Gears Limited — Important, 11-08-2025: General Updates

Hi-Tech Gears reported a notable decline in its Q1 financial results. Consolidated revenue for the quarter stood at ₹210.62 Cr, down from ₹255.04 Cr last year, with consolidated profit after tax decreasing to ₹5.99 Cr from ₹14.24 Cr. Standalone performance also saw a dip. In a key corporate development, the Board approved the reclassification of Dev Darshan Construction Private Limited from the 'Promoter Group' to the 'Public' category, pending stock exchange approvals. The company also appointed M/s. PG & Associates as Secretarial Auditors for the next five financial years, subject to shareholder approval.