NSEAction(s) initiated or orders passed1 Oct 2026 · 1 Oct 2026, 04:12 pm

Action(s) initiated or orders passed

The Hi-Tech Gears Limited · HITECHGEAR

✦ AI SummaryRegulatory

The Hi-Tech Gears Limited has received an order from the Office of the Deputy/Assistant Commissioner of Customs I.C.D. Concor, Kathuwas, Distt. - Alwar-301704, dropping a demand of drawbacks amounting to Rs. 73,78,166/- and RoDTEP Rs. 43,37,246/-, and disallowing drawback of Rs. 13,58,140/- and RoDTEP Rs. 8,76,568/- with recovery of applicable interest & penalty of Rs. 1,00,000/-.

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Earnings Impact2/10
Growth Catalyst1/10
Governance Concern1/10
Regulatory Risk6/10
Balance Sheet Risk1/10
Liquidity Impact8/10
Market Sentiment5/10

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The Hi-Tech Gears Limited has informed the Exchange about Action(s) initiated or orders passed

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CIN - L29130HR1986PLC081555 Corporate Office: Millennium Plaza, Tower-B, Sushant Lok-1, Sector-27, Gurugram -122009, Haryana, INDIA Tel.: +91(124) 4715100 E-mail: secretarial@thehitechgears.com Date: October 01, 2026 The Manager, The Manager, Listing Department, Listing Department, National Stock Exchange of India Ltd BSE Ltd. "Exchange Plaza", C-1, Block – G Phiroze Jeejeebhoy Towers, Bandra – Kurla Complex, Dalal Street, Fort, Bandra (E), Mumbai – 400051, India Mumbai – 400001, India Symbol: HITECHGEAR Scrip Code: 522073 Subject: Disclosure under Regulation 30 read with Schedule III of Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015 (‘SEBI (LODR) Regulations, 2015’). Dear Sir/Ma’am, We wish to inform that pursuant to the provisions of Regulation 30 read with Schedule III of SEBI (LODR) Regulations, 2015, we hereby submit the disclosure of Order received on October 01, 2026, from the Office of the Deputy/Assistant Commissioner of Customs I.C.D. Concor, Kathuwas, Distt. - Alwar-301704. (a) Dropping demand of drawbacks amounting to Rs. 73,78,166/- and RoDTEP Rs. 43,37,246/- and; (b) Disallow drawback of Rs. 13,58,140/- and RoDTEP Rs. 8,76,568/- with recovery of applicable interest & penalty of Rs. 1,00,000/- (Rupees One Lakh Only). Further, against the above point (b) the Company is considering filing an appeal with Appropriate Authority and hopeful to get further relief. Further, pursuant to the provisions of Regulation 30 read with Schedule III of the SEBI (LODR) Regulations, 2015 and SEBI Master Circular No. HO/49/14/14(7)2025-CFD-POD2/I/3762/2026 dated January 30, 2026 (“SEBI Circular”), as amended from time-to-time additional details are given in Annexure-A. You are kindly requested to take the above information on record and oblige. Thanking You, Yours Faithfully, For The Hi-Tech Gears Limited Vijay Mathur Executive Director & CFO DIN: 00006455 www.thehitechgears.com Works l: A-589, Industrial Complex, Bhiwadi - 301 019 Rajasthan INDIA Tel.: +91(1493) 265000 Regd. Office & Works-ll: Plot No. 24,25,26 Sector-7, IMT Manesar - 122050 Gurugram, Haryana INDIA Tel.: +91 (124) 4715200 Works-III: Plot No. SP-146A, Industrial Complex, Bhiwadi - 301019 Rajasthan INDIA Subsidiaries: The Hi-Tech Gears Canada. Inc. 361, Speedvale Ave W. Guelph, ON N1H 1C7, CANADA Teutech LLC. 227, Barton St. Emporium. PA 15834, USA CIN - L29130HR1986PLC081555 Corporate Office: Millennium Plaza, Tower-B, Sushant Lok-1, Sector-27, Gurugram -122009, Haryana, INDIA Tel.: +91(124) 4715100 E-mail: secretarial@thehitechgears.com Annexure-A Disclosure pursuant to Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 read with Part A of Schedule III and SEBI Master Circular No. HO/49/14/14(7)2025-CFD- POD2/I/3762/2026 dated January 30, 2026 Sr. No. Particulars Details 1. Name of the Authority Office of the Deputy / Assistant Commissioner of Customs I.C.D. Concor, Kathuwas, Distt. - Alwar-301704 2. Nature and details of the action(s) The Company has received the Order provides for: taken, initiated or order (s) passed (a) Dropping demand of drawbacks amounting to Rs. 73,78,166/- and RoDTEP Rs. 43,37,246/- and; (b) Disallow Drawback of Rs. 13,58,140/- and RoDTEP Rs. 8,76,568/- with recovery of applicable interest & penalty of Rs. 1,00,000/- (Rupees One Lakh Only). 3. Date of receipt of direction or order, October 01, 2026 including any ad-interim or interim orders, or any other communication from the authority 4. Details of the violations(s)/ Short realization/ delayed realization of export proceeds against contravention(s) committed or certain shipping bills within the prescribed period. alleged to be committed 5. Impact on financial, operation or There is no material impact on financial & operational activities other activities of the listed entity, of the Company. quantifiable in monetary terms to the extent possible www.thehitechgears.com Works l: A-589, Industrial Complex, Bhiwadi - 301 019 Rajasthan INDIA Tel.: +91(1493) 265000 Regd. Office & Works-ll: Plot No. 24,25,26 Sector-7, IMT Manesar - 122050 Gurugram, Haryana INDIA Tel.: +91 (124) 4715200 Works-III: Plot No. SP-146A, Industrial Complex, Bhiwadi - 301019 Rajasthan INDIA Subsidiaries: The Hi-Tech Gears Canada. Inc. 361, Speedvale Ave W. Guelph, ON N1H 1C7, CANADA Teutech LLC. 227, Barton St. Emporium. PA 15834, USA