Hind Rectifiers Sells Part of Dehradun Plant for ₹5 Crore

Hind Rectifiers Ltd has entered into a sale deed for a portion of its non-operational Dehradun plant, located in Village Chharba, Vikas Nagar, Dehradun. The plant has been non-operational since 2023 due to product obsolescence, with no machinery remaining and no plans for restart. The sale consideration is ₹5 Crore. The buyer is Mrs. Pratima Saklani, who is not related to the promoter or group companies. The transaction is not considered a related party transaction and does not fall within a Scheme of Arrangement. This divestment aligns with the company's decision to sell the plant following board approval.