Hi-Tech Gears has informed that the board of directors of the company at its meeting held on May 26, 2012, have considered and approved the recommendation of final dividend on equity shares at 25% i.e. Rs 2.5 per share on the paid up share capital of the company for the year 2011-12.
Further the board took note of the appointment of Ravindra Ojha, as a Joint Chief Executive Officer of the company from May 07, 2012.
The above information is part of company’s filing submitted to the BSE.