Board Meeting10 Jun 2026, 11:07 am
Hind Rectifiers Board Approves Share Capital Increase
AI Summary
Hind Rectifiers Ltd's Board of Directors has approved a significant increase in the company's authorized share capital, from Rs. 10 crore to Rs. 30 crore. This move, which will increase the number of equity shares from 5 crore to 15 crore, is subject to shareholder approval via a postal ballot and subsequent approval from the Ministry of Corporate Affairs. Additionally, the board has approved a change in the company's name to "Hirect Limited", also pending shareholder and regulatory approvals. The board meeting was brief, concluding in 25 minutes.
Key Highlights
- Authorized share capital to increase from Rs. 10 Cr to Rs. 30 Cr.
- Company name change to 'Hirect Limited' approved by the board.
- Shareholder approval required via postal ballot for both changes.
- Consequential amendments to Memorandum and Articles of Association.
Price Impact
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