HIND RECTIFIERS LTD.

Hind Rectifiers Ltd has announced the successful dispatch of its dividend amounting to ₹1.40 per equity share. This dividend was approved at the 68th Annual General Meeting held on August 11, 2026, and has been credited to shareholders' accounts on August 13, 2026. The company utilized electronic modes like NACH/NECS/Direct Remittance for disbursement to shareholders with updated bank details. Shareholders who have not provided their bank information are urged to do so promptly to ensure future dividend receipts. This intimation is for the information of the stock exchanges and shareholders.

Hind Rectifiers Limited (Hirect Limited) reported its unaudited financial results for Q1 FY27, showcasing a 20.3% year-on-year revenue growth to INR 258.4 Cr, driven by sustained business momentum. However, consolidated EBITDA saw a decline to INR 13.2 Cr from INR 24.2 Cr in Q1 FY26, primarily due to higher employee and operating costs associated with the consolidation and scale-up of Elventive France. Consolidated PAT after Minority Interest also decreased to INR 9.4 Cr from INR 12.8 Cr. On a standalone basis, revenue grew 10.1% YoY to INR 236.4 Cr, with PAT increasing by 17.8% YoY to INR 15.1 Cr. The company secured significant orders, including for four MEMU trainsets and the Vande Metro (Namo Bharat) trainset, and expanded its international footprint with orders from the US for traction motor assemblies and IGBT converters for the mining segment. The order book stood robust at ₹739.8 crore as of July 2026.

Hind Rectifiers Ltd announced the appointment of Mr. Chidambaram Balakrishnan as the new Global Chief Executive Officer and Senior Management Personnel, effective immediately. He replaces Mr. Douglas J. Bailey, who resigned on August 11, 2026. The board meeting also approved un-audited financial results for Q1 FY27, the appointment of Mr. Rahul Rai as Additional Director (Non-Executive Independent Director) for 5 years, and Mr. Anil Kumar Nemani as Additional Director and Whole-Time Director (Executive Director and CFO) for 3 years. Additionally, the company approved an investment of up to 300 equity shares in its wholly-owned subsidiary, Hirect Global Holdings Limited, UAE.

Hind Rectifiers Ltd announced the appointment of Mr. Anil Kumar Nemani as an Additional Director and Whole-Time Director, designated as Executive Director and Chief Financial Officer. This appointment is for a period of three years, subject to shareholder approval. The Board also approved the un-audited financial results for the quarter ended June 30, 2026, and the appointment of Mr. Rahul Rai as an Additional Director (Non-Executive Independent Director) for a five-year term. Additionally, the company approved an investment in its wholly-owned subsidiary, Hirect Global Holdings Limited, UAE, and appointed Mr. Chidambaram Balakrishnan as Global Chief Executive Officer, replacing Mr. Douglas J. Bailey.

Hind Rectifiers Ltd announced the appointment of Mr. Rahul Rai as an Additional Director (Non-Executive Independent Director) for a term of 5 years, commencing August 11, 2026. The board also approved un-audited financial results for Q1 FY27, the appointment of Mr. Anil Kumar Nemani as Whole-Time Director and CFO, and an investment in its wholly-owned subsidiary, Hirect Global Holdings Limited. Additionally, Mr. Chidambaram Balakrishnan was appointed as Global CEO, replacing Mr. Douglas J. Bailey.

Hind Rectifiers Ltd announced that its Board of Directors, in a meeting held on August 11, 2026, has approved the unaudited standalone and consolidated financial results for the quarter ended June 30, 2026. The board also approved several key appointments, including Mr. Rahul Rai as Additional Director (Non-Executive Independent Director) for a five-year term and Mr. Anil Kumar Nemani as Additional Director and Whole-Time Director, designated as Executive Director and Chief Financial Officer for three years. Additionally, Mr. Chidambaram Balakrishnan has been appointed as Global Chief Executive Officer, replacing Mr. Douglas J. Bailey. The company also plans an investment in its wholly-owned subsidiary, Hirect Global Holdings Limited, UAE.

Hirect Limited (formerly Hind Rectifiers) reported consolidated revenue of ₹258.45 Cr for Q1 FY27, up 20.3% YoY but down 7.6% QoQ off a seasonally larger Q4 base. Consolidated net profit for the period came in at ₹6.50 Cr (owners' share ₹9.42 Cr, offset by a ₹2.92 Cr loss attributable to non-controlling interests), down 49.1% YoY on a reported basis. The reported decline understates the real deterioration: this quarter's PBT includes a ₹3.53 Cr exceptional gain that the year-ago quarter did not have, so on a like-for-like basis adjusted consolidated PAT was just ₹2.97 Cr, down 76.7% YoY, and consolidated NPM compressed to 1.15% (adjusted) from 5.94% a year ago. The entire margin drag is traceable to the EMS segment (Elventive France, formerly Belink Hirect SAS), which posted a ₹8.48 Cr segment loss this quarter — exactly the dynamic management flagged on the Q4 FY26 call, where it said consolidated financials would be impacted by the France ramp-up "over the next six to eight quarters" while the standalone business maintains improving margins. That is borne out here: standalone (core India) revenue grew 10.1% YoY to ₹236.39 Cr and standalone PAT was ₹15.09 Cr (₹11.56 Cr adjusted for the same exceptional item), a much steadier print than the consolidated numbers suggest, confirming the divergence is entirely the France subsidiary and not the core business. Against management's own FY27 guidance of 30% standalone revenue growth, Q1's 10.1% YoY standalone growth is well off the pace needed, though only one of four quarters has elapsed. No formal street consensus estimates for this print were found in search, so the result cannot be benchmarked against analyst expectations; vsStreet is marked unknown. Sequentially, the group swung from a ₹1.59 Cr consolidated net loss in Q4 FY26 to this quarter's ₹6.50 Cr profit, but per YoY-anchored convention this QoQ recovery does not offset the year-on-year profit contraction. Operationally, the quarter carried several order wins that should feed later-quarter revenue rather than this one: a ₹60 Cr Vande Metro propulsion order, a ₹60 Cr MEMU trainset order, and the company's first US orders for mining IGBT converters and traction motor assemblies. The results were announced alongside the formal name change to Hirect Limited (effective July 24, 2026) and a leadership reshuffle — Chidambaram Balakrishnan appointed Global CEO in place of Douglas J. Bailey (resigned), and Anil Kumar Nemani appointed Executive Director & CFO. No separate management press release with quarter commentary was available in the filing to cross-check against these numbers.

Hind Rectifiers Ltd has announced that its Board of Directors will convene on August 11, 2026. The primary agenda for this meeting is to consider and approve the un-audited standalone and consolidated financial results for the quarter ending June 30, 2026. This announcement is made in compliance with SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Hirect Limited has announced securing an order from the United States for IGBT Converters specifically for the mining industry. This marks the company's strategic entry into the mining sector, which demands robust and reliable power electronics solutions for challenging environments. The order underscores Hirect's engineering and manufacturing capabilities in delivering high-performance power electronic equipment for specialized industrial applications. This development aligns with Hirect's long-term strategy to expand its international business, leveraging its Indian manufacturing base and engineering expertise to pursue global market opportunities.

Hirect Limited has announced its first order from the United States for Traction Motor Assemblies, marking a significant entry into the U.S. market. This order is slated for delivery during FY27 and is expected to lay the groundwork for future customer relationships and expansion opportunities in the U.S. The company aims to leverage its engineering expertise and manufacturing capabilities to grow its international footprint. Hirect, formerly Hind Rectifiers Limited, established in 1958, is a major player in engineering and manufacturing, exporting to over 30 countries and serving sectors like Railways, Defence, and various industries.