Management Change11 Aug 2026, 03:21 pm
Hind Rectifiers Appoints Rahul Rai as Independent Director
AI Summary
Hind Rectifiers Ltd announced the appointment of Mr. Rahul Rai as an Additional Director (Non-Executive Independent Director) for a term of 5 years, commencing August 11, 2026. The board also approved un-audited financial results for Q1 FY27, the appointment of Mr. Anil Kumar Nemani as Whole-Time Director and CFO, and an investment in its wholly-owned subsidiary, Hirect Global Holdings Limited. Additionally, Mr. Chidambaram Balakrishnan was appointed as Global CEO, replacing Mr. Douglas J. Bailey.
Key Highlights
- Rahul Rai appointed Non-Executive Independent Director for 5 years.
- Board approved Q1 FY27 un-audited financial results.
- Anil Kumar Nemani appointed Whole-Time Director and CFO.
- Company to invest in its UAE-based wholly-owned subsidiary.
- New Global CEO appointed; previous CEO resigned.
Price Impact
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