Corporate Action10 Jun 2026, 11:00 am
Hind Rectifiers Renamed Hirect Limited; Share Capital Increased
AI Summary
Hind Rectifiers Ltd announced a significant corporate restructuring following a Board of Directors meeting on June 10, 2026. The company's name is set to change to 'Hirect Limited', pending shareholder and regulatory approvals. Additionally, the authorized share capital will be increased from ₹10 crore to ₹30 crore. A postal ballot process will be initiated to obtain shareholder consent for these changes. The meeting, which lasted 25 minutes, also approved amendments to the Memorandum and Articles of Association.
Key Highlights
- Company name change approved to 'Hirect Limited'.
- Authorized share capital to increase from ₹10 Cr to ₹30 Cr.
- Shareholder approval to be sought via postal ballot.
- Consequential amendments to Memorandum and Articles of Association approved.
Price Impact
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