Hy-Tech Engineers Limited announced the appointment of Mrs. Shilpa Joshi as an Additional Independent Director, subject to shareholder approval. The Board also approved the unaudited financial results for the second quarter and half-year ended September 30, 2026. The company’s performance for the period, along with a limited review report, has been submitted. Mrs. Joshi brings over three decades of experience in finance and corporate leadership.
Board Approves Key Appointments and Financials
Hy-Tech Engineers Limited convened its Board of Directors meeting on November 4, 2026, during which significant corporate actions were undertaken. The meeting resulted in the approval of the company’s unaudited financial results for the second quarter and the half-year period ending September 30, 2026. These results, along with the accompanying limited review report, have been duly filed.
New Independent Director Appointed
A key outcome of the board meeting was the appointment of Mrs. Shilpa Joshi (DIN: 09775615) as an Additional Independent Director. This appointment is effective immediately and is for a term of five consecutive years, pending shareholder approval through a postal ballot. Mrs. Joshi possesses extensive experience, spanning over three decades, in finance and leadership roles across multinational organizations. Her profile highlights a strong background in fiduciary oversight, financial stewardship, and corporate governance, bringing valuable expertise to the board.
Financial Performance Overview
The unaudited financial results for the quarter and half-year ended September 30, 2026, indicate a net profit of ₹85.02 million and ₹131.00 million respectively. Revenue from operations for the same periods stood at ₹612.55 million and ₹1,048.64 million. The company’s total comprehensive income after tax for these periods was ₹84.00 million and ₹130.64 million. The statement of assets and liabilities as of September 30, 2026, shows total assets of ₹2,266.52 million.
Statement of Cash Flows
The cash flow statement for the half-year ended September 30, 2026, reveals a net cash generated from operating activities of ₹131.96 million. The company utilized ₹366.27 million in investing activities, primarily for payments related to property, plant, and equipment. Financing activities resulted in a net cash inflow of ₹222.66 million, largely from the proceeds of a share capital issue. The net decrease in cash and cash equivalents for the period was ₹11.65 million, resulting in closing cash and cash equivalents of ₹14.72 million.
Source: BSE
