Hi-Tech Gears Limited announced that Mr. Alok Agarwal has been appointed as Chief Financial Officer with effect from December 1, 2014. His appointment was considered & approved by the Board of Directors in its meeting based on the recommendation of Audit Committee & Chairman of the Nomination & Remuneration Committee. Mr. Vijay Mathur, Sr. General Manager (Finance) and Chief Financial Officer has stepped down from the post of Chief Financial Officer.

But Mr. Vijay Mathur will continue to act as the Sr. General Manager (Finance).