Hind Rectifiers Limited has allotted 10,86,366 equity warrants on a preferential basis to Tata Mutual Fund (Small Cap Fund) for an aggregate consideration of ₹100 crores. The allotment was conducted at an issue price of ₹920.50 per warrant, which includes a premium of ₹918.50 per warrant. The warrants are convertible into an equivalent number of equity shares of the company.

The intimation regarding the allotment was made to the National Stock Exchange and BSE Limited on June 9, 2026, under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. This issuance follows a Postal Ballot Notice dated May 16, 2026.

Key Parameters of the Preferential Allotment

The following table details the key parameters of the preferential allotment:

Clarifications on Deployment of Unutilized Funds

In response to observations raised by the stock exchanges regarding the application for the preferential issue, the company provided clarifications on the deployment of unutilized funds. The company had initially proposed to temporarily park unutilized proceeds in interest-bearing deposits with scheduled commercial banks, high-quality liquid mutual funds, and money market instruments.

However, pursuant to a query from the NSE, the company stated that investing in high-quality liquid mutual funds is not permissible. Consequently, Hind Rectifiers has omitted this mode of investment from its proposed deployment plan for unutilized funds. The remaining options, such as interest-bearing deposits and money market instruments, will be utilized in accordance with the company's investment policy and applicable laws.

Hind Rectifiers Limited has scheduled a meeting with analysts and institutional investors on June 11, 2026, at its manufacturing facilities in Nashik. The company's management will engage with participants to discuss business performance and operations, adhering to regulatory guidelines that restrict the sharing of unpublished price sensitive information (UPSI).

The interaction is classified as a Group Meeting and is set to commence at 11:00 am onwards. The venue for the event is the company's Satpur and Sinnar plant located in Nashik. This initiative provides investors and analysts an opportunity to gain direct insights into the company's on-ground operations.

Discussions during the meeting will be strictly based on publicly available information. The company explicitly stated that no unpublished price sensitive information is intended to be disclosed during these interactions. This ensures compliance with fair disclosure regulations governing listed entities.

The schedule for the meeting is detailed below:

The intimation was submitted to BSE Limited and National Stock Exchange of India Limited pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements), Regulations, 2015. The company noted that changes to the schedule may occur due to exigencies on the part of the participants or the company.