The Hi-Tech Gears Limited announced Mr. Vijay Mathur has decided to resign from the post of Chief Financial Officer, accordingly he has submitted his resignation, which was accepted by the Board of Directors with effect from closing of business hours dated February 08th, 2023. However, Mr. Vijay Mathur, will continue to act as Sr. General Manager (Finance). Consequent upon the resignation of Mr. Vijay Mathur, the candidature of Mr. Sumeet Kumar was considered for the position by Nomination & Remuneration Committee & Audit Committee in its meeting.

Mr. Sumeet Kumar is appointed as Chief Financial Officer by the Board of Directors on the basis of recommendation of aforesaid Committees with effect from February 09th, 2023. Mr. Sumeet Kumar has completed his master's in business & Administration (MBA) from Motilal Nehru Institute of Research & Business Administration (MONIRBA), University of Allahabad He has an extensive experience of over 29 Years in broad spectrum of Finance Management functions, Taxation, Restructuring Transactions, and Investor relations. He has extensive experience, both at national and global level across the complete spectrum of finance functions in diversified sectors namely Energy, Infrastructure, Telecom, FMCG, Commodities & IT sectors etc.

For the past 12 years, he has been in the Group Finance Leadership roles as Group Chief Financial Officer, President, and Chief Financial Officer in leading Business Groups of repute such as LANCO Group & Global Group etc. He spearheaded crucial global Capital Market assignments including Debt/Equity/Mezzanine fund raising in Europe, UK, Middle East, Far East, and India and handled end to end Debt Resolution/Restructuring plans. Prior to joining The Hi-Tech Gears Limited he worked with LANCO Group (Delhi NCR) as President- Group Finance.