HTHy-Tech Engineers544891Routine director change

Board appoints Shilpa Joshi as Additional Independent Director for 5 years, subject to shareholder approval

The Board of Hy-Tech Engineers Ltd has appointed Mrs. Shilpa Joshi as an Additional Independent Director with effect from November 04, 2026.

By ScoutQuest · Wed 4 Nov 2026, 8:02 PM IST · 2 min read

Director Term

5 years, from November 04, 2026 to November 04, 2031

Shareholding

Nil shares in the company

Relationship

She is not related to any Director

What was announced

• The Board of Directors of Hy-Tech Engineers Ltd, at its meeting held on Wednesday, November 04, 2026, appointed Mrs. Shilpa Joshi (DIN 09775615) as an Additional Independent Director with effect from November 04, 2026.
• The term is 5 years, from November 04, 2026 to November 04, 2031.
• The appointment is subject to the approval of the members of the Company by way of postal ballot.
• An Additional Director is appointed by the board itself; the postal ballot is the step where shareholders decide whether the appointment continues for the full term.

Who is she

• Described in the update as a board and finance leader with more than 3 decades of experience across multinational organisations, including service as Whole-Time Director and Chief Financial Officer of a listed company.
• Her experience is stated to cover fiduciary oversight, financial stewardship, committee engagement, compliances, internal controls and business transformation.
• She is not related to any Director of the Company.
• She holds Nil shares in the Company.
• The update states she is not debarred from holding the office of Director by virtue of any SEBI order or any other such authority.

Also approved at the same meeting

• The unaudited standalone financial results for the second quarter and half year ended September 30, 2026, along with a limited review report from the statutory auditors.
• The statement is presented in Rupees in millions. Revenue from operations for the quarter was 585.57, against 481.67 in the same quarter of the previous year.
• Net profit for the quarter was 85.02, against 68.90 in the same quarter of the previous year.
• For the half year, revenue from operations was 998.13 and net profit was 131.00. Earnings per share (basic, not annualised) was 0.97 for the quarter.
• The Company states it operates predominantly in a single business segment, manufacturing of hydraulic fittings.

Background noted in the results

• During the quarter the Company completed an Initial Public Offer of 25,610,204 equity shares of Rs. 5 each at Rs. 53 per share, comprising a fresh issue of 11,320,754 shares aggregating to Rs. 600.00 million and an offer for sale of 14,289,450 shares aggregating to Rs. 757.34 million. The shares were allotted on August 28, 2026 and listed on NSE and BSE on September 01, 2026.
• Net proceeds of the fresh issue, after issue expenses of Rs. 87.66 million, were Rs. 512.34 million. Up to September 30, 2026, 269.27 had been utilised and 330.73 remained unutilised, held in fixed deposits and bank accounts.

What shareholders may track

• The postal ballot through which members will vote on Mrs. Joshi's appointment.
• The composition of the board and its committees once the appointment is confirmed by shareholders.

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