StockWatch
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Other Industrial Products
Board Meeting18 Sept 2026, 06:41 pm

Hy-Tech Engineers Approves Un-audited Results, New Subsidiaries

AI Summary

Hy-Tech Engineers Ltd announced the outcome of its Board Meeting held on September 18, 2026. The board approved the Un-audited (Standalone) Financial Results for the quarter ended June 30, 2026. Key decisions also included the appointment of Mr. H R Thakur as Secretarial Auditor for five years and M/S. AKMK & Associates as Internal Auditors for FY27. The company will purchase approximately 6.5 acres of land for ₹6 crore to expand its IPE stainless-steel operations. Furthermore, Hy-Tech Engineers will establish wholly-owned subsidiaries in Germany (initial funding up to EUR 25,000) and Delaware, USA (initial funding up to USD 300,000) to enhance local distribution and customer support.

Key Highlights

  • Approved Un-audited Standalone Financial Results for Q1 FY27.
  • Appointed Secretarial Auditor for a 5-year term.
  • Appointed Internal Auditors for FY27.
  • Approved land purchase for ₹6 crore for capacity expansion.
  • Will establish wholly-owned subsidiaries in Germany and USA.