On April 24, 2025, Hi-Tech Gears Limited, a prominent player in the industrial manufacturing and automotive sectors, made an important announcement regarding the appointment of Mr. Vishal Seth as an Additional Non-Executive Independent Director on the Company’s Board. This decision was made by the Board of Directors through a Circular Resolution and is effective starting April 25, 2025.

The appointment of Mr. Seth, which is subject to the approval of the shareholders, marks a significant step in strengthening the company's governance framework and strategic direction. As an Independent Director, Mr. Seth will serve a five-year term, running from April 25, 2025, to April 24, 2030. His vast experience and skills are expected to contribute immensely to the future growth and operational excellence of Hi-Tech Gears.

Vishal Seth's Professional Background
Mr. Seth’s academic credentials are impressive, including executive education in Leadership from Harvard Business School. He holds an MBA in Finance and Operations from the University of Michigan, along with a Master of Science in Industrial Engineering from Penn State University. Additionally, he completed a Bachelor of Engineering in Production Engineering from the University of Bombay and holds a Graduate Diamonds certification in Gemology from GIA, USA.

With over two decades of international leadership experience, Mr. Seth has led high-impact transformations in the aerospace, automotive, industrial manufacturing, and consulting sectors across the United States, India, and Europe. His previous leadership roles include serving as the Country Head for Alcoa and senior leadership roles at Spencer Stuart and Arconic India.

Key Contributions
Mr. Seth has demonstrated exceptional ability in scaling operations, strategic transformations, and driving organizational development. He is currently serving as the Director of Strategic Partnerships & Talent at The Convergence Foundation (TCF), where he oversees strategic fundraising and leadership strategies at the CEO, CXO, and Board levels across 20+ philanthropic foundations.

His expertise in corporate strategy, operations management, and leadership development makes him a valuable asset to the Hi-Tech Gears Board. His skills in cost optimization, revenue growth, and building international business relationships will significantly enhance the company’s ability to achieve its long-term strategic goals.

Relationship with Company Directors
It is important to note that Mr. Vishal Seth is not related to any other Director of the company, ensuring his independence and objectivity in governance matters.

Compliance and Transparency
In accordance with the SEBI (Listing Obligations and Disclosure Requirements) (LODR) Regulations, 2015, and relevant SEBI Circulars, all necessary details regarding the appointment, including Mr. Seth’s professional background and term of appointment, have been disclosed. Hi-Tech Gears assures its stakeholders of its commitment to corporate governance and regulatory compliance.

This appointment marks a significant step in ensuring that Hi-Tech Gears Limited remains on the path of strong governance and leadership, further solidifying its strategic vision for the coming years. The company looks forward to the continued success of its operations under the leadership of a diversified and experienced Board.

For further details, the company has shared Annexure-1, which outlines the detailed information as per the provisions of Regulation 30 of SEBI (LODR) Regulations, 2015, in compliance with SEBI Circular dated July 13, 2023.

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