Hind Rectifiers Limited has initiated a postal ballot process to seek shareholder approval for changing its corporate name to Hirect Limited and increasing its authorised share capital to ₹30 crore. The remote e-voting period commences on June 11, 2026, at 9:00 a.m. and concludes on July 10, 2026, at 5:00 p.m. These resolutions require shareholder consent to amend the Memorandum of Association under the Companies Act, 2013 and SEBI Listing Regulations.

The board approved the proposal to alter the capital clause, increasing the authorised share capital from ₹10 crore, divided into 5 crore equity shares of ₹2 each, to ₹30 crore, divided into 15 crore equity shares of ₹2 each. Additionally, the company seeks approval to increase borrowing limits to ₹600 crore and create mortgages or charges on movable and immovable properties to secure these borrowings.

Postal Ballot Resolutions

The postal ballot notice outlines four key resolutions requiring member approval:

Capital Structure and Borrowing

The proposed capital increase aims to broaden the capital structure and meet future funding requirements. The company also proposes to supersede the previous borrowing limit of ₹400 crore, approved on January 4, 2025, raising the aggregate limit to ₹600 crore. This includes the authority to pledge, mortgage, or hypothecate assets to secure loans from financial institutions and banks.

Voting Process

Mr. Mahesh Soni of M/s GMJ & Associates has been appointed as the scrutinizer for the postal ballot process. The cut-off date for determining shareholder eligibility is June 5, 2026. The results of the e-voting will be announced on or before July 12, 2026, on the company's website.

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to discuss business performance and operations, adhering to regulatory guidelines that restrict the sharing of unpublished price sensitive information (UPSI).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 The company explicitly stated that no unpublished price sensitive information is intended to be disclosed during these interactions.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.