Hitech Plast Limited has informed the Exchange that Ms. Namita Tiwari has been appointed as the Compliance Officer of the Company, with effect from 21st May 2013 in place of Mr. Mahavir S. Jain whose term of office as the Compliance Officer ends from the close of business hours effective 20th May 2013. The said appointment was approved in the Board Meeting held on 18th May 2013.

Hitech Plast Limited reported audited standalone earnings results for the fourth quarter and full year and unaudited consolidated earnings results for the fourth quarter and audited consolidated earnings results for the full year ended March 31, 2013. For the quarter, on standalone basis, the company reported net sales/income from operations of INR 634.794 million compared to net sales/income from operations of INR 530.266 million a year ago. Profit from operations before other income, finance costs and exceptional items was INR 40.822 million compared to INR 41.126 million last year. Profit from ordinary activities before tax was INR 11.265 million compared to INR 15.593 million last year. Net profit was INR 9.079 million or INR 0.69 per basic and diluted share before and after extra ordinary items compared to INR 15.540 million or INR 1.18 per basic and diluted share before and after extra ordinary items a year ago. For the year, on standalone basis, the company reported net sales/income from operations of INR 2,542.037 million compared to net sales/income from operations of INR 2,307.968 million a year ago. Profit from operations before other income, finance costs and exceptional items was INR 209.814 million compared to INR 258.782 million last year. Profit from ordinary activities before tax was INR 85.040 million compared to INR 146.010 million last year. Net profit was INR 70.217 million or INR 5.33 per basic and diluted share before and after extra ordinary items compared to INR 109.839 million or INR 8.34 per basic and diluted share before and after extra ordinary items a year ago. For the quarter, on consolidated basis, the company reported net sales/income from operations of INR 1,085.089 million compared to net sales/income from operations of INR 938.767 million a year ago. Profit from operations before other income, finance costs and exceptional items was INR 45.620 million compared to INR 54.680 million last year. Profit from ordinary activities before tax was INR 12.976 million compared to INR 17.345 million last year. Net profit was INR 10.458 million or INR 0.75 per basic and diluted share before and after extra ordinary items compared to INR 15.347 million or INR 1.24 per basic and diluted share before and after extra ordinary items a year ago. For the year, on consolidated basis, the company reported net sales/income from operations of INR 4,368.512 million compared to net sales/income from operations of INR 3,845.492 million a year ago. Profit from operations before other income, finance costs and exceptional items was INR 289.135 million compared to INR 303.527 million last year. Profit from ordinary activities before tax was INR 126.374 million compared to INR 138.871 million last year. Net profit was INR 103.808 million or INR 6.86 per basic and diluted share before and after extra ordinary items compared to INR 104.071 million or INR 8.07 per basic and diluted share before and after extra ordinary items a year ago.

Hitech Plast Ltd. announced resignation of Mr. Somasekhar Sundaresan as a Director with immediate effect. The resignation was accepted by the Board of Directors at its meeting held on May 18, 2013.