Integrated Filing — IndAS



General information about company

Scrip Code 526217
NSE Symbol HITECHCORP
MSEI Symbol NOTLISTED
ISIN INE120D01012
Name of company Hitech Corporation Limited
Type of company Main Board
Class of security Equity
Date of start of financial year 01-04-2025
Date of end of financial year 31-03-2026
Date of board meeting when results were approved 20-05-2026
Date on which prior intimation of the meeting for considering financial results was informed to the exchange 15-05-2026
Description of presentation currency INR
Level of rounding used in financial results Lakhs
Reporting Type Quarterly
Reporting Quarter Fourth quarter
Nature of report standalone or consolidated Standalone
Whether results are audited or unaudited for the quarter ended Audited
Whether results are audited or unaudited for the Year to date for current period ended/year ended Audited
Segment Reporting Single segment
Description of single segment Manufacturing of Plastic Containers
Start date and time of board meeting 20-05-2026   14:30:00
End date and time of board meeting 20-05-2026   17:50:00
Whether cash flow statement is applicable on company Yes
Type of cash flow statement Cash Flow Indirect
Declaration of unmodified opinion or statement on impact of audit qualification Declaration of unmodified opinion
Whether the company has any related party? Yes
Whether the company has entered into any Related Party transaction during the selected half year for which it wants to submit disclosure? Yes
(I) We declare that the acceptance of fixed deposits by the bans/Non-Banking Finance Company are at the terms uniformly applicable/offered to all shareholders/public NA
(II) We declare that the scheduled commercial bank, as per RBI circular RBI/DBR/2015-16/19 dated March 03, 2016, has allowed additional interest of one per cent per annum, over and above the rate of interest mentioned in the schedule of interest rates on savings or a term deposits of banks staff and their exclusive associations as well as on deposits of Chairman, Chairman & Managing Director, Executive Director or such other Executives appointed for a fixed tenure. NA
Whether the company is a high value debt listed entity according to regulation 15 (1A)? No
(a) If answer to above question is Yes, whether complying with proviso to regulation 23 (9), i.e., submitting RPT disclosures on the day of results publication?
(b) If answer to above question is No, please explain the reason for not complying.
Whether the updated Related Party Transactions (RPT) Policy (in compliance with Reg. 23 of SEBI LODR) has been uploaded on the website of the Company? Yes
Latest Date on which RPT policy is updated 10-02-2026
Indicate Company website link for updated RPT policy of the Company https://hitech-prod.blr1.cdn.digitaloceanspaces.com/Related_party_transaction_policy_Final_e0355a4178.pdf
Whether statement on deviation or variation for proceeds of public issue, rights issue, preferential issue, qualified institutions placement etc. is applicable to the company for the current quarter? No
No. of times funds raised during the quarter
Whether the disclosure for the Default on Loans and Debt Securities is applicable to the entity? No
Not Applicable



Financial Results Ind-AS

Amount in (Lakhs)

Particulars 3 months/ 6 months ended (dd-mm-yyyy) Year to date figures for current period ended (dd-mm-yyyy)
A Date of start of reporting period 01-01-2026 01-04-2025
B Date of end of reporting period 31-03-2026 31-03-2026
C Whether results are audited or unaudited Audited Audited
D Nature of report standalone or consolidated Standalone Standalone
1 Income
Revenue from operations 15,161.20 58,425.16
Other income 177.34 253.10
Total income 15,338.54 58,678.26
2 Expenses
(a) Cost of materials consumed 9,108.14 35,843.62
(b) Purchases of stock-in-trade 0.00 0.00
(c) Changes in inventories of finished goods, work-in-progress and stock-in-trade (37.80) (262.04)
(d) Employee benefit expense 1,110.52 4,524.61
(e) Finance costs 461.50 1,837.39
(f) Depreciation, depletion and amortisation expense 951.65 3,773.79
(f) Other Expenses
1 Other Expenses 3,128.21 11,911.55
Total other expenses 3,128.21 11,911.55
Total expenses 14,722.22 57,628.92
3 Total profit before exceptional items and tax 616.32 1,049.34
4 Exceptional items 64.70 (135.15)
5 Total profit before tax 681.02 914.19
6 Tax expense
7 Current tax 190.28 361.09
8 Deferred tax (147.11) (249.24)
9 Total tax expenses 43.17 111.85
10 Net movement in regulatory deferral account balances related to profit or loss and the related deferred tax movement 0.00 0.00
11 Net Profit Loss for the period from continuing operations 637.85 802.34
12 Profit (loss) from discontinued operations before tax 0.00 0.00
13 Tax expense of discontinued operations 0.00 0.00
14 Net profit (loss) from discontinued operation after tax 0.00 0.00
15 Share of profit (loss) of associates and joint ventures accounted for using equity method 0.00 0.00
16 Total profit (loss) for period 637.85 802.34
17 Other comprehensive income net of taxes 2.94 12.31
18 Total Comprehensive Income for the period 640.79 814.65
19 Total profit or loss, attributable to
Profit or loss, attributable to owners of parent
Total profit or loss, attributable to non-controlling interests
20 Total Comprehensive income for the period attributable to
Comprehensive income for the period attributable to owners of parent
Total comprehensive income for the period attributable to owners of parent non-controlling interests
21 Details of equity share capital
Paid-up equity share capital 1,717.57 1,717.57
Face value of equity share capital 10 10
27 Details of debt securities
22 Reserves excluding revaluation reserve 25,897.13
23 Earnings per share
i Earnings per equity share for continuing operations
Basic earnings (loss) per share from continuing operations 3.71 4.67
Diluted earnings (loss) per share from continuing operations 3.71 4.67
ii Earnings per equity share for discontinued operations
Basic earnings (loss) per share from discontinued operations 0 0
Diluted earnings (loss) per share from discontinued operations 0 0
ii Earnings per equity share
Basic earnings (loss) per share from continuing and discontinued operations 3.71 4.67
Diluted earnings (loss) per share from continuing and discontinued operations 3.71 4.67
24 Debt equity ratio
25 Debt service coverage ratio
26 Interest service coverage ratio
27 Disclosure of notes on financial results Textual Information(1)



Disclosure of notes on financial results

Textual Information(1) 1. The (Audited) standalone financial results for the quarter and year ended March 31, 2026 which are published in accordance with Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements), 2015, have been reviewed and recommended by the Audit Committee and subsequently approved by the Board of Directors of the Company at their respective meetings held on May 20, 2026. 2. The (Audited) standalone financial results are prepared in accordance with the Indian Accounting Standards (Ind AS) under section 133 of the Companies Act, 2013, read with prescribed relevant rules issued thereunder and other accounting principles generally accepted in India. 3. The Company has identified Plastic Products as its single primary reportable segment in accordance with the requirements of Ind AS 108 - Operating Segments. Accordingly, no separate segment information has been provided. 4. The exceptional item for quarter and year ended March 31, 2026 and year ended March 31, 2025 represents the following: a. The Government of India has notified the provisions of the four new Labour Codes (Labour Codes) on November 21, 2025, consolidating twenty-nine existing labour laws into a comprehensive and unified regulatory framework. Among other changes, the Labour Codes introduce a uniform definition of wages to be applied consistently across various employee benefit computations. Pursuant to the revised definition of wages and in accordance with Ind AS 19 - Employee Benefits, the Company has recognised charge arising from the actuarial valuation of past service costs relating to Gratuity Rs 104.06 lakhs and Compensated absences Rs 31.10 lakhs during the year ended March 31, 2026. b. The excess of the compensation amount for the compulsory acquisition of Land (net of interest) over the related carrying cost of the asset held for sale received under Orders from the Land Acquisition, Rehabilitation & Resettlement Authority, D & N. H., Silvassa under the Right to Fair Compensation and Transparency in Land Acquisition, Rehabilitation and Resettlement Act, 2013 ('the Act') amounting to Rs. 76.58 lakhs during the quarter ended June 30, 2024. c. The one-time Employee retrenchment compensation payable to the employees on closure of its operations of Sarigam Unit in May 2025, situated at GIDC Sarigam, Gujarat amounting to Rs 154.91 lakhs accrued during the quarter ended March 31, 2025. 5. The Board of Directors have, subject to approval by shareholders in the ensuing Annual General Meeting, recommended a dividend of Rs 1 per share (at the rate of 10%), on the equity shares of the Company for the year ended March 31, 2026, the liability for the same to be accounted once approved by the shareholders at the ensuing Annual General Meeting.



Remarks

Debt equity ratio
Debt service coverage ratio
Interest service coverage ratio


Statement of Asset and Liabilities

Amount in (Lakhs)

Particulars Year ended (dd-mm-yyyy)
Date of start of reporting period 01-04-2025
Date of end of reporting period 31-03-2026
Whether results are audited or unaudited Audited
Nature of report standalone or consolidated Standalone
Assets
1 Non-current assets
Property, plant and equipment 26,285.07
Capital work-in-progress 1,187.22
Investment property 610.64
Goodwill 0.00
Other intangible assets 60.54
Intangible assets under development 0.00
Biological assets other than bearer plants 0.00
Investments accounted for using equity method 0.00
Non-current financial assets
Non-current investments 2,756.44
Trade receivables, non-current 0.00
Loans, non-current 0.00
Other non-current financial assets
1 Other financial assets 838.10
Total of other non-current financial assets 838.10
Total non-current financial assets 3,594.54
Deferred tax assets (net) 916.08
Other non-current assets
1 Other non-current assets 315.47
Total of other non-current assets 315.47
Total non-current assets 32,969.56
2 Current assets
Inventories 6,789.21
Current financial asset
Current investments 0.00
Trade receivables, current 6,115.82
Cash and cash equivalents 28.98
Bank balance other than cash and cash equivalents 27.13
Loans, current 220.22
Other current financial assets
Total of other current financial assets 231.82
Total current financial assets 6,623.97
Current tax assets (net) 0.00
Other current assets
1 Other current assets 818.85
Total of other current assets 818.85
Total current assets 14,232.03
3 Non-current assets classified as held for sale 37.47
4 Regulatory deferral account debit balances and related deferred tax Assets 0.00
Total assets 47,239.06
Equity and liabilities
1 Equity
Equity attributable to owners of parent
Equity share capital 1,717.57
Other equity 25,897.13
Total equity attributable to owners of parent 27,614.70
Non controlling interest
Total equity 27,614.70
2 Liabilities
Non-current liabilities
Non-current financial liabilities
Borrowings, non-current 4,996.91
Trade payables, non-current
(A) Total outstanding dues of micro enterprises and small enterprises 0.00
(B) Total outstanding dues of creditors other than micro enterprises and small enterprises 0.00
Total Trade payable 0.00
Other non-current financial liabilities
1 Lease Liabilities 250.54
2 other non-current financial liabilities 100.00
Total of other non-current financial liabilities 350.54
Total non-current financial liabilities 5,347.45
Provisions, non-current 1,034.47
Deferred tax liabilities (net) 168.75
Deferred government grants, Non-current 0.00
Other non-current liabilities
1 Other non-current liabilities 610.38
Total of other non-current liabilities 610.38
Total non-current liabilities 7,161.05
Current liabilities
Current financial liabilities
Borrowings, current 8,064.14
Trade payables, current
(A) Total outstanding dues of micro enterprises and small enterprises 1,325.20
(B) Total outstanding dues of creditors other than micro enterprises and small enterprises 1,793.52
Total Trade payable 3,118.72
Other current financial liabilities
1 Lease Liabilities 241.25
2 Other current financial liabilities 617.94
Total of other current financial liabilities 859.19
Total current financial liabilities 12,042.05
Other current liabilities 126.02
1 Other current liabilities 126.02
Total of other current liabilities 126.02
Provisions, current 281.17
Current tax liabilities (Net) 14.07
Deferred government grants, Current 0.00
Total current liabilities 12,463.31
3 Liabilities directly associated with assets in disposal group classified as held for sale 0.00
4 Regulatory deferral account credit balances and related deferred tax liability 0.00
Total liabilities 19,624.36
Total equity and liabilites 47,239.06
Disclosure of notes on assets and liabilities



Format for Reporting Segment wise Revenue, Results and Capital Employed along with the company results

Amount in (Lakhs)

Particulars 3 months/ 6 month ended (dd-mm-yyyy) Year to date figures for current period ended (dd-mm-yyyy)
Date of start of reporting period 01-01-2026 01-04-2025
Date of end of reporting period 31-03-2026 31-03-2026
Whether results are audited or unaudited Audited Audited
Nature of report standalone or consolidated Standalone Standalone
1 Segment Revenue (Income)
(net sale/income from each segment should be disclosed)
Total Segment Revenue
Less: Inter segment revenue
Revenue from operations
2 Segment Result
Profit (+) / Loss (-) before tax and interest from each segment
Total Profit before tax
i. Finance cost
ii. Other Unallocable Expenditure net off Unallocable income
Profit before tax
3 (Segment Asset - Segment Liabilities)
Segment Asset
Total Segment Asset
Un-allocable Assets null null
Net Segment Asset null null
4 Segment Liabilities
Segment Liabilities
Total Segment Liabilities
Un-allocable Liabilities null null
Net Segment Liabilities null null
Disclosure of notes on segments



Other Comprehensive Income

Amount in (Lakhs)

Particulars 3 months/ 6 months ended (dd-mm-yyyy) Year to date figures for current period ended (dd-mm-yyyy)
A Date of start of reporting period 01-01-2026 01-04-2025
B Date of end of reporting period 31-03-2026 31-03-2026
C Whether results are audited or unaudited Audited Audited
D Nature of report standalone or consolidated Standalone Standalone
Other comprehensive income [Abstract]
1 Amount of items that will not be reclassified to profit and loss
1 Remeasurement of defined benefit plans 4.35 16.45
Total Amount of items that will not be reclassified to profit and loss 4.35 16.45
2 Income tax relating to items that will not be reclassified to profit or loss 1.41 4.14
3 Amount of items that will be reclassified to profit and loss
Total Amount of items that will be reclassified to profit and loss
4 Income tax relating to items that will be reclassified to profit or loss 0.00 0.00
5 Total Other comprehensive income 2.94 12.31



Cash flow statement, indirect

Amount in (Lakhs)

Particulars Year ended (dd-mm-yyyy)
A Date of start of reporting period 01-04-2025
B Date of end of reporting period 31-03-2026
C Whether results are audited or unaudited Audited
D Nature of report standalone or consolidated Standalone
Statement of cash flows
Cash flows from used in operating activities
Profit before tax 914.19
Adjustments for reconcile profit (loss)
Adjustments for finance costs 1,837.39
Adjustments for decrease (increase) in inventories (1,907.00)
Adjustments for decrease (increase) in trade receivables, current (1,684.11)
Adjustments for decrease (increase) in trade receivables, non-current 0.00
Adjustments for decrease (increase) in other current assets (114.61)
Adjustments for decrease (increase) in other non-current assets 98.72
Adjustments for other financial assets, non-current 52.90
Adjustments for other financial assets, current 0.00
Adjustments for other bank balances 0.00
Adjustments for increase (decrease) in trade payables, current 898.47
Adjustments for increase (decrease) in trade payables, non-current 0.00
Adjustments for increase (decrease) in other current liabilities (36.60)
Adjustments for increase (decrease) in other non-current liabilities 0.00
Adjustments for depreciation and amortisation expense 3,773.79
Adjustments for impairment loss reversal of impairment loss recognised in profit or loss 0.00
Adjustments for provisions, current 100.27
Adjustments for provisions, non-current 0.00
Adjustments for other financial liabilities, current (110.05)
Adjustments for other financial liabilities, non-current 0.00
Adjustments for unrealised foreign exchange losses gains (13.85)
Adjustments for dividend income 0.00
Adjustments for interest income 200.30
Adjustments for share-based payments 0.00
Adjustments for fair value losses (gains) 0.00
Adjustments for undistributed profits of associates 0.00
Other adjustments for which cash effects are investing or financing cash flow 0.00
Other adjustments to reconcile profit (loss) 0.00
Other adjustments for non-cash items 56.40
Share of profit and loss from partnership firm or association of persons or limited liability partnerships 0.00
Total adjustments for reconcile profit (loss) 2,751.42
Net cash flows from (used in) operations 3,665.61
Dividends received 0.00
Interest paid 0.00
Interest received 0.00
Income taxes paid (refund) (61.25)
Other inflows (outflows) of cash 0.00
Net cash flows from (used in) operating activities 3,726.86
Cash flows from used in investing activities
Cash flows from losing control of subsidiaries or other businesses 0.00
Cash flows used in obtaining control of subsidiaries or other businesses 0.00
Other cash receipts from sales of equity or debt instruments of other entities 0.00
Other cash payments to acquire equity or debt instruments of other entities 947.81
Other cash receipts from sales of interests in joint ventures 0.00
Other cash payments to acquire interests in joint ventures 0.00
Cash receipts from share of profits of partnership firm or association of persons or limited liability partnerships 0.00
Cash payment for investment in partnership firm or association of persons or limited liability partnerships 0.00
Proceeds from sales of property, plant and equipment 64.83
Purchase of property, plant and equipment 3,482.77
Proceeds from sales of investment property 0.00
Purchase of investment property 0.00
Proceeds from sales of intangible assets 0.00
Purchase of intangible assets 0.00
Proceeds from sales of intangible assets under development 0.00
Purchase of intangible assets under development 0.00
Proceeds from sales of goodwill 0.00
Purchase of goodwill 0.00
Proceeds from biological assets other than bearer plants 0.00
Purchase of biological assets other than bearer plants 0.00
Proceeds from government grants 0.00
Proceeds from sales of other long-term assets 0.00
Purchase of other long-term assets 0.00
Cash advances and loans made to other parties 0.00
Cash receipts from repayment of advances and loans made to other parties 0.00
Cash payments for future contracts, forward contracts, option contracts and swap contracts 0.00
Cash receipts from future contracts, forward contracts, option contracts and swap contracts 0.00
Dividends received 0.00
Interest received 44.72
Income taxes paid (refund) 0.00
Other inflows (outflows) of cash (211.90)
Net cash flows from (used in) investing activities (4,532.93)
Cash flows from used in financing activities
Proceeds from changes in ownership interests in subsidiaries 0.00
Payments from changes in ownership interests in subsidiaries 0.00
Proceeds from issuing shares 0.00
Proceeds from issuing other equity instruments 0.00
Payments to acquire or redeem entity's shares 0.00
Payments of other equity instruments 0.00
Proceeds from exercise of stock options 0.00
Proceeds from issuing debentures notes bonds etc 0.00
Proceeds from borrowings 4,555.94
Repayments of borrowings 1,521.94
Payments of lease liabilities 243.86
Dividends paid 173.16
Interest paid 1,810.03
Income taxes paid (refund) 0.00
Other inflows (outflows) of cash 0.00
Net cash flows from (used in) financing activities 806.95
Net increase (decrease) in cash and cash equivalents before effect of exchange rate changes 0.88
Effect of exchange rate changes on cash and cash equivalents
Effect of exchange rate changes on cash and cash equivalents 0.00
Net increase (decrease) in cash and cash equivalents 0.88
Cash and cash equivalents cash flow statement at beginning of period 28.10
Cash and cash equivalents cash flow statement at end of period 28.98





Details of Impact of Audit Qualification

Amount in (Lakhs)

Whether results are audited or unaudited Audited
Declaration of unmodified opinion or statement on impact of audit qualification Declaration of unmodified opinion
Auditor's opinion
Declaration pursuant to Regulation 33 (3) (d) of SEBI (LODR) Regulation, 2015: The company declares that its Statutory Auditor/s have issued an Audit Report with unmodified opinion for the period on Standalone results Yes
Sr No. Audit firm's name Whether the firm holds a valid peer review certificate issued by Peer Review Board of ICAI Certificate valid upto
1 Kalyaniwalla & Mistry LLP Yes 31-07-2027


Amount in (Lakhs)

Format for Disclosure of Related Party Transactions (applicable only for half-yearly filings i.e., 2nd and 4th quarter)
Sr No. Additional disclosure of related party transactions - applicable only in case the related party transaction relates to loans, inter-corporate deposits, advances or investments made or given by the listed entity/subsidiary. These details need to be disclosed only once, during the reporting period when such transaction was undertaken.
Details of the party (listed entity/subsidiary) entering into the transaction Details of the counterparty Type of related party transaction Details of other related party transaction Value of the related party transaction as approved by the audit committee Remarks on approval by audit committee Value of the related party transaction ratified by the audit committee Date of Audit Committee Meeting where the ratification was approved Value of transaction during the reporting period In case monies are due to either party as a result of the transaction In case any financial indebtedness is incurred to make or give loans, inter-corporate deposits, advances or investments Details of the loans, inter-corporate deposits, advances or investments Notes
Name PAN Name PAN Relationship of the counterparty with the listed entity or its subsidiary Opening balance Closing balance Nature of indebtedness (loan/ issuance of debt/ any other etc.) Details of other indebtedness Cost Tenure Nature (loan/ advance/ intercorporate deposit/ investment ) Interest Rate (%) Tenure Secured/ unsecured Purpose for which the funds will be utilised by the ultimate recipient of funds (endusage)
1 Hitech Corporation Limited Asian Paints Limited Entities Controlled/ Significantly influenced by Directors/Close FamilyMembers of Directors Sale of goods or services 1,00,000.00 Approved 18,217.63 944.22 379.70
2 Hitech Corporation Limited Asian Paints PPG Pvt. Ltd Entity significantly controlled by Related party Sale of goods or services 100.00 Approved 25.30 4.58 20.50
3 Hitech Corporation Limited SAB KA MANGAL HO FOUNDATION Other Related Party Any other transaction CSR Contribution 65.00 Approved 15.41 0.00 0.00
4 Hitech Corporation Limited Hitech Specialities Solutions Ltd. Entities Controlled/ Significantly influenced by Directors/Close FamilyMembers of Directors Any other transaction Rent and deposits paid 138.00 Approved 69.12 96.00 96.00
5 Hitech Corporation Limited Hitech Global Inc. Wholly Owned Foreign Subsidiary Any other transaction Professional Fees for Marketing Consultancy 100.00 Approved 49.83 43.58 23.84
6 Hitech Global Inc. Thriarr Polymers Private Limited Wholly owned subsidiaries of Listed entity Any other transaction Professional Fees for Marketing Consultancy Approved 28.47 0.00 28.49
7 Hitech Corporation Limited Thriarr Polymers Private Limited Wholly Owned Subsidiary Sale of goods or services 0.00 Approval of Audit Committee is not required 1.74 5.60 0.21
8 Hitech Corporation Limited Thriarr Polymers Private Limited Wholly Owned Subsidiary Any other transaction Reimbursement of expenses 0.00 Approval of Audit Committee is not required 6.52 0.00 0.00
9 Hitech Corporation Limited Thriarr Polymers Private Limited Wholly Owned Subsidiary Any other transaction Interest on loan 0.00 Approval of Audit Committee is not required 9.11 8.82 17.93
10 Hitech Corporation Limited Mr. Malav Dani Managing Director ( Promoter Directior and Key Managerial Personnel) Remuneration 150.00 Approved 35.00 10.00 45.00
11 Hitech Corporation Limited Mrs. Ina Dani Promoter Director (Non Executive) Any other transaction Sitting Fees and commission 10.00 Approved 2.00 0.00 1.00
12 Hitech Corporation Limited Mr. Chirag Gosalia Son of Non Executive Director of Geetanjali Trading and Invts Pvt. Ltd. (Holding Company) Remuneration 40.00 Approved 13.23 0.00 0.00
13 Hitech Corporation Limited Siddhamoorthi Thyagarajan Director of Wholly Owned Subsidiary Any other transaction Amount Payable towards to directors of Subsidiary Company towards share purchase consideration 595.02 Approved 132.51 273.82 95.74
14 Hitech Corporation Limited Sashikala Thyagarajan Relative of Director of Wholly Owned Subsidiary Any other transaction Amount Payable towards to directors of Subsidiary Company towards share purchase consideration 597.14 Approved 132.98 274.79 96.08
15 Hitech Corporation Limited Rajgopal Thyagarajan Relative of Director of Wholly Owned Subsidiary Any other transaction Amount Payable towards to directors of Subsidiary Company towards share purchase consideration 50.84 Approved 11.32 23.39 8.18
16 Hitech Corporation Limited Jerome Merchant Partners Firm in which Indpendent Director is Partner Any other transaction Professional fees paid for Legal Consultancy 10.00 Approved 6.00 0.00 0.00
17 Hitech Corporation Limited Asian Paints Nepal Pvt. Ltd Entities overwhich KMP along with relatives exercise significant influence Sale of goods or services 1.27 Approved 1.27 0.00 0.00
Total value of transaction during the reporting period 18,757.44