Board Meeting10 Jun 2026, 10:38 am
Hind Rectifiers Renamed Hirect Limited; Share Capital Increased
AI Summary
Hind Rectifiers Ltd announced a significant corporate restructuring following its Board meeting on June 10, 2026. The company proposed changing its name to "Hirect Limited", subject to shareholder and Ministry of Corporate Affairs approval. Additionally, the Board approved a substantial increase in authorized share capital from ₹10 crore to ₹30 crore, pending shareholder consent. A postal ballot process will be initiated to obtain these approvals. The meeting, which lasted 25 minutes, also approved the draft notice for the postal ballot.
Key Highlights
- Company name change proposed to Hirect Limited.
- Authorized share capital to increase from ₹10 Cr to ₹30 Cr.
- Shareholder approval required for name change and capital hike.
- Postal ballot process to be conducted for approvals.
Price Impact
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