Hind Rectifiers Merger & Restructuring Worth ₹0.38 Cr
Hind Rectifiers incorporated Hirect Global Holdings Limited in the UAE for Rs.0.38 Crore. The new subsidiary will act as a global investment holding company.
- Value
- ₹0.38 Cr
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Hind Rectifiers incorporated Hirect Global Holdings Limited in the UAE for Rs.0.38 Crore. The new subsidiary will act as a global investment holding company.
Hind Rectifiers incorporated a wholly-owned subsidiary, Hirect Global Holdings Limited, in Dubai. The new entity will serve as an investment holding company for global operations.
Shareholders approved granting a loan to a subsidiary and a preferential equity issue via postal ballot. Both resolutions passed with requisite majority.
Hind Rectifiers Limited is raising ₹100 Crore via a preferential allotment of 10.86 lakh warrants to Tata Mutual Fund. The capital raise strengthens the company's financial position.
Hind Rectifiers Limited issued a postal ballot notice seeking approval for a name change and increased borrowing limits. The proposed borrowing cap is ₹600 Crore.
Hind Rectifiers Limited approved increasing its authorized share capital from ₹10 Crore to ₹30 Crore. The board also proposed renaming the company to Hirect Limited.
Hind Rectifiers (HIRECT) delivered strong FY26 standalone growth of 44.8% while consolidating the Elventive France acquisition, which temporarily suppressed consolidated EBITDA margins to 3%.
Hind Rectifiers Limited filed its Annual Secretarial Compliance Report for the 2025-26 financial year. The company confirmed adherence to SEBI regulations and secretarial standards during the period.
Hind Rectifiers delivered record revenue in FY26 led by traction transformers, despite consolidated margins being temporarily suppressed by the Elventive France acquisition integration.
Hind Rectifiers delivered record FY26 consolidated revenue of ₹999.1cr (up 52.5% YoY) with EBITDA growth of 19.6%. Strategy focused on railway system integration and European expansion via Elventive acquisition.
Hind Rectifiers delivered strong FY26 performance with consolidated revenue growing 52.5% YoY to ₹999.1cr. Strategy focused on backward integration and global expansion via Elventive France acquisition.
Hind Rectifiers Ltd granted 75,291 ESOPs at ₹470 per option, valued at ₹3.54 Crore. This internal equity grant aims to incentivize and retain key employees.
Hind Rectifiers Limited reported revenue from operations of ₹279.8 Cr (+51.2% YoY) and a net loss of ₹1.6 Cr for Q4 FY26.
Hind Rectifiers approved its FY26 audited financial results and recommended a Rs. 1.40 per share dividend. Strong annual performance highlights steady growth and continued shareholder returns.
Hind Rectifiers approved a ₹100 Crore preferential issue to Tata Mutual Fund. The board also re-appointed the Managing Director and granted 75,291 employee stock options.
Hind Rectifiers Limited recommended a final dividend of ₹1.4 per equity share for fiscal 2026. This distribution rewards shareholders following the board's meeting approval.
Hind Rectifiers Limited appointed Mr. Suhas Pawar as Company Secretary and Compliance Officer effective May 16, 2026. He brings over 14 years of secretarial and legal experience.
Megha Singh Shekhawat resigned as Company Secretary of Hind Rectifiers effective May 16, 2026. She is departing to pursue external career opportunities.
Hind Rectifiers Limited approved a ₹100 Crore preferential issue to Tata Mutual Fund at ₹920.50 per share. This strategic fundraise will strengthen the company's capital base.
Hind Rectifiers seeks shareholder approval for a ₹100 Crore preferential issue and a ₹22.31 Crore subsidiary loan. Voting concludes on June 15, 2026.
Hind Rectifiers reported FY26 consolidated revenue of ₹999.1 Crore, up 52.5% YoY. Robust growth was driven by core railway and transformer segments and improved execution.
Hind Rectifiers Ltd plans a fund raise via preferential equity issuance. The board will consider this additional agenda item on May 16, 2026.
Hind Rectifiers Limited scheduled a board meeting for May 16, 2026. Directors will consider audited annual financial results and a final dividend for fiscal 2026.