HIND RECTIFIERS LTD.

Hind Rectifiers Limited has incorporated a wholly-owned subsidiary, Hirect Global Holdings Limited, in the Dubai International Financial Centre, United Arab Emirates, on June 25, 2026. This new entity will function as an investment holding company to manage global investments. The incorporation was completed with an authorized capital of AED 150,000. This move signifies the company's strategic intent to expand its international investment operations.

Hind Rectifiers Ltd has announced the closure of its trading window for designated persons and their immediate relatives. This closure will be effective from July 01, 2026, and will remain in effect for 48 hours after the declaration of the un-audited financial results for the quarter ending June 30, 2026. The company will communicate the date of the Board Meeting to consider these financial results in due course, adhering to SEBI (Prohibition of Insider Trading) Regulations, 2015.

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.

Hind Rectifiers Ltd has issued an intimation to its shareholders holding securities in physical form, requesting them to furnish Know Your Customer (KYC) and Nomination details. This action is in compliance with SEBI's Master Circular dated February 06, 2026. Physical shareholders must provide updated details to the Registrar and Share Transfer Agent, Adroit Corporate Services Private Limited. Failure to submit KYC details, except for nomination, will result in dividends being paid only through electronic mode from April 1, 2024. The company has provided links to the necessary forms on its website and the RTA's website.

Hind Rectifiers Ltd has announced the preferential allotment of 10,86,366 warrants, convertible into equity shares, to Tata Mutual Fund (Small Cap Fund) for a total consideration of ₹100 crore. The issue price per warrant is ₹920.50. The company clarified that unutilized funds will be temporarily parked in interest-bearing deposits with scheduled commercial banks and money market instruments, excluding high-quality liquid mutual funds as per NSE's observation. This move aims to strengthen the company's financial position and fund its future objectives.

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.

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.

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.

Hind Rectifiers Ltd reported strong FY26 results, with consolidated revenue increasing by 52.5% YoY to ₹999.1 Cr and standalone revenue up 44.8% to ₹949.2 Cr. Consolidated PAT after minority interest rose by 21.3% to ₹45.0 Cr, while standalone PAT surged by 54.7% to ₹57.7 Cr. The company's order book backlog stood at ₹845.5 Cr. The Board approved a 1:1 bonus share issuance. The company also secured export orders and operationalized a copper conductor facility.

Hind Rectifiers Ltd's board approved the issuance of 10,86,366 equity shares on a preferential basis to Tata Mutual Fund (Small Cap Fund) for a cash consideration of ₹100 Cr at an issue price of ₹920.50 per share. The board also approved the re-appointment of Mr. Suramya Nevatia as Managing Director for 3 years and revision in remuneration for Ms. Akshada Nevatia as Executive Director. Mr. Suhas Pawar was appointed as Company Secretary and Compliance Officer, and an additional 75,291 Employee Stock Options were granted under the ESOP 2018 plan.