Hind Rectifiers Limited has announced the outcomes of its Board Meeting held on May 16, 2026. The Board approved the re-appointment of Mr. Suramya Nevatia as Managing Director for a period of 3 years, effective from August 17, 2026, to August 16, 2029, subject to shareholder approval. Additionally, the company approved the revision of remuneration for Ms. Akshada Nevatia, Executive Director, and appointed Mr. Suhas Pawar as the Company Secretary and Compliance Officer with effect from May 16, 2026, replacing Ms. Megha Shekhawat.

Corporate Actions and ESOPs

The Board granted 75,291 Employee Stock Options under the Hirect Employees Stock Option Plan 2018 at a grant price of ₹470 per option. These options are convertible into one equity share each upon vesting. Furthermore, the company approved the preferential allotment of 10,86,366 equity shares to Tata Mutual Fund (Small Cap Fund) at an issue price of ₹920.50 per share, aggregating to ₹100 crore. This issuance is subject to necessary regulatory and shareholder approvals.

Key Managerial Personnel Changes

Ms. Megha Singh Shekhawat ceased to be the Interim Company Secretary and Compliance Officer effective the close of business hours on May 16, 2026. Mr. Suhas Pawar, a qualified Company Secretary with over 14 years of experience, has taken over the role. The Board also finalized the draft notice for the postal ballot process to seek shareholder approval for the preferential issue and other agenda items.

Hind Rectifiers has released the transcript of its earnings conference call for Q4 & FY26, held on Monday, May 18, 2026. The company outlined strategic financial targets, including a 30% standalone revenue growth objective for FY27. Consolidated growth targets are scheduled for review in the upcoming quarter. The disclosure was made pursuant to Regulation 30(6) read with Part A of Schedule III of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, and submitted to BSE Limited and the National Stock Exchange of India Limited by Suhas Pawar, Company Secretary & Compliance Officer.

Strategic Growth Targets

Hind Rectifiers has set a long-term goal of achieving $1 billion in revenue within five years, representing a tenfold increase from its FY26 revenue of INR949 crores. The company aims to reach mid to late teens EBITDA margins by FY31. On the capital expenditure front, the company reported CAPEX of approximately INR70 crores for FY26 and has allocated INR50 crores for FY27 to enhance capacity across transformers, propulsions, and the copper plant.

Subsidiary Outlook

Regarding its subsidiary Elventive France, the company indicated that it is likely to become profitable at the PBT (Profit Before Tax) level within 6 to 8 quarters. Consolidated growth targets will be reviewed and disclosed in the next quarter as the company continues to assess the performance of its international operations.

Recording Availability

The audio recording of the earnings conference call has been published and is accessible through the company's official website. The transcript is also available at https://hirect.com/wp-content/uploads/2026/05/Hirect-Q4-FY26-Earnings-Call-Transcript.pdf . This communication follows earlier intimations dated May 13, 2026 and May 16, 2026.

Leadership & Call Participants

The earnings conference call was convened to discuss Hind Rectifiers' financial and operational performance for Q4 & FY26. The call featured participation from the company's senior leadership, including Mr. Suramya Nevatia (Chairman & Managing Director), Mr. Manoj Nair (Chief Executive Officer), Mr. Douglas Bailey (Global Chief Executive Officer), and Mr. Anil Kumar Nemani (Chief Financial Officer). The company confirmed that discussions during the call were based solely on publicly available information, with no unpublished price sensitive information (UPSI) intended to be shared.