Hy-Tech Engineers Limited announced the approval of its unaudited standalone financial results for the second quarter and half year ended September 30, 2026. The Board of Directors also approved the appointment of Mrs. Shilpa Joshi as an Additional Independent Director for a term of five years, subject to shareholder approval. The company also provided its unaudited financial statements and a limited review report.
Hy Tech Engineers Board Meeting Outcome
At its meeting held on November 04, 2026, the Board of Directors of Hy-Tech Engineers Limited considered and approved several key matters. The primary outcomes include the approval of the company’s unaudited (standalone) financial results for the second quarter and half year ended September 30, 2026. A copy of these results, along with the Limited Review Report, has been enclosed with the filing.
New Director Appointment
In addition to the financial results, the Board also approved the appointment of Mrs. Shilpa Joshi (DIN: 09775615) as an Additional Independent Director of the Company. This appointment is effective immediately and is for a term of five consecutive years. The appointment is subject to the approval of the shareholders via postal ballot. The disclosure further confirms that Mrs. Shilpa Joshi is not related to any existing Director of the Company and is not debarred from holding the office of Director by any SEBI order.
Financial Highlights
The accompanying financial statements reveal the company’s performance for the specified periods. For the quarter ended September 30, 2026, Hy-Tech Engineers reported a Profit Before Tax of ₹115.36 million and a Net Profit of ₹85.02 million. The half-year ended September 30, 2026, saw a Profit Before Tax of ₹176.49 million and a Net Profit of ₹131.00 million. The company’s total income for the quarter was ₹612.55 million, and for the half-year, it was ₹1,048.64 million. The Statement of Assets and Liabilities as of September 30, 2026, shows total assets of ₹2,266.52 million and total equity and liabilities of ₹2,266.52 million.
Cash Flow Statement
The Cash Flow Statement for the half-year ended September 30, 2026, indicates a Net Cash Generated from Operating Activities of ₹131.96 million. Investing activities resulted in a Net Cash Used of ₹366.27 million, primarily due to payments for property, plant, and equipment. Financing activities generated Net Cash of ₹222.66 million, largely from proceeds of share capital issuance. The net decrease in cash and cash equivalents for the period was ₹11.65 million.
Notes to Results
Important notes accompanying the results include the confirmation that the results were reviewed by the Audit Committee and approved by the Board of Directors. The company operates predominantly in a single business segment, manufacturing hydraulic fittings. The results also detail the utilization of proceeds from its Initial Public Offer (IPO) completed in August 2026, showing that ₹269.27 million of the ₹600.00 million fresh issue proceeds had been utilized by September 30, 2026.
Source: BSE
