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Hi-Tech Gears Limited ( (IN:HITECHGEAR) ) has shared an update.
Hi-Tech Gears Limited has disclosed that the Rajasthan State Tax Department’s Additional Commissioner conducted a search operation under Section 67 of the Central Goods and Services Tax Act, 2017 at the company’s registered office and manufacturing premises in Bhiwadi and surrounding industrial areas on 20 January 2026. During the search, tax authorities examined books of accounts, GST returns, invoices, input tax credit records, stock documents and other statutory records, but no order detailing any alleged violations has been issued so far, leaving any financial impact unascertainable at this stage. The company said it fully cooperated with officials, will continue to provide information as required and emphasized that its business operations remained unaffected and continued as normal during the proceedings.
More about Hi-Tech Gears Limited
Hi-Tech Gears Limited is an India-based manufacturer in the automotive components and engineering sector, producing precision gears and related parts for OEMs and industrial customers. The company operates multiple manufacturing facilities in Rajasthan and Haryana, with an international footprint through subsidiaries in Canada and the United States, serving global automotive and industrial markets.
Average Trading Volume: 245
Technical Sentiment Signal: Buy
Current Market Cap: 13.83B INR
See more data about HITECHGEAR stock on TipRanks’ Stock Analysis page.