The Hi-Tech Gears Ltd. announced that the board of directors of the company at its meeting held on May 26, 2016, recommended the final dividend of 15% or INR 1.50 per equity share of INR 10 each for the financial year ended March 31, 2016 subject to the approval of the Shareholders at the ensuing annual general meeting of the company

Mr. Alok Agarwal, CFO has resigned from the services of the company, the board has accepted his resignation with effect from May 26, 2016.