StockWatch
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Industrial Products
Board Meeting11 Aug 2026, 12:56 pm

Hind Rectifiers Board Approves Q1 FY27 Un-audited Results, Director Appointments

AI Summary

Hind Rectifiers Ltd announced that its Board of Directors, in a meeting held on August 11, 2026, has approved the unaudited standalone and consolidated financial results for the quarter ended June 30, 2026. The board also approved several key appointments, including Mr. Rahul Rai as Additional Director (Non-Executive Independent Director) for a five-year term and Mr. Anil Kumar Nemani as Additional Director and Whole-Time Director, designated as Executive Director and Chief Financial Officer for three years. Additionally, Mr. Chidambaram Balakrishnan has been appointed as Global Chief Executive Officer, replacing Mr. Douglas J. Bailey. The company also plans an investment in its wholly-owned subsidiary, Hirect Global Holdings Limited, UAE.

Key Highlights

  • Unaudited standalone and consolidated financial results for Q1 FY27 approved.
  • New directors appointed, including an Independent Director and a Whole-Time Director/CFO.
  • Global CEO appointed, succeeding the resigned CEO.
  • Investment planned in wholly-owned subsidiary Hirect Global Holdings Limited.
  • Board meeting held on August 11, 2026, to approve these changes.