Hind Rectifiers Limited has announced the successful allotment of bonus equity shares to its eligible shareholders through a circular resolution passed by the Board of Directors on March 30, 2026. The company has allotted 1,71,83,807 bonus equity shares of face value Rs. 02/- each in a 1:1 proportion to shareholders.

Bonus Share Allotment Details

The bonus issue was structured to provide one new fully paid-up equity share of Rs. 02/- each for every one existing fully paid-up equity share of Rs. 02/- each held by eligible members. The record date for determining eligible shareholders was set as March 27, 2026, and shareholders whose names appeared in the Register of Members or Register of Beneficial Owners on this date are entitled to receive the bonus shares.

Impact on Share Capital Structure

The bonus share allotment has significantly impacted the company's capital structure, effectively doubling the paid-up share capital:

Effective Listing Date Clarification

Following the allotment, Hind Rectifiers Limited has provided important clarification regarding the effective listing date of the bonus shares. The company informed BSE Limited that while the deemed date of allotment is March 30, 2026, and the initially specified effective listing date was March 31, 2026, the actual trading will commence from April 1, 2026.

The adjustment in the effective listing date is due to March 31, 2026 being a trading holiday. Chief Financial Officer Anil Kumar Nemani signed the clarification letter addressed to BSE Limited, ensuring proper communication of this timeline adjustment.

Shareholder Benefits and Regulatory Compliance

The newly allotted bonus equity shares will rank pari-passu in all respects with the existing fully paid-up equity shares of the company, ensuring equal rights and benefits for all shareholders. The company has committed to crediting the bonus shares to eligible shareholders' accounts within the statutory time limits as prescribed by regulatory authorities.

The bonus share allotment has been conducted in accordance with Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. Hind Rectifiers Limited has duly informed both the National Stock Exchange Limited and BSE Limited about this corporate action, ensuring full compliance with listing requirements and transparency obligations.

Hind Rectifiers Limited has announced the appointment of Mr. Chidambaram Balakrishnan as Chief Global Growth Officer and Senior Management Personnel, effective March 23, 2026. The company communicated this development to both the National Stock Exchange and BSE Limited in compliance with SEBI Listing Regulations.

Appointment Details

The appointment was made pursuant to Regulation 30 read with Schedule Para A(7) of Part A of III of the SEBI Listing Obligations and Disclosure Requirements Regulations, 2015. The company filed the necessary disclosure with stock exchanges on March 23, 2026.

Professional Background

Mr. Balakrishnan Chidambaram brings extensive experience spanning over three decades in global business development, strategic partnerships, market expansion, and revenue growth across multiple geographies. His career includes significant leadership roles in major multinational corporations.

Key Leadership Positions

• Managing Director at Caterpillar Rail
• Regional Director (South Asia) at GE Transportation
• Chairman of the Confederation of Indian Industry (Railway Division)
• Chairman of the American Chamber of Commerce in India (Infrastructure Division)

Strategic Role and Responsibilities

In his new position as Chief Global Growth Officer, Mr. Balakrishnan will spearhead Hind Rectifiers Limited's international expansion strategy. His primary focus areas will include:

• Leading the company's global growth initiatives
• Expanding the international footprint
• Strengthening strategic partnerships
• Driving long-term value creation

Management Commentary

Commenting on the appointment, Mr. Suramya Nevatia, Chairman and Managing Director of Hind Rectifiers Limited, said, "We are pleased to welcome Mr. Chidambaram Balakrishnan to the leadership team. His rich global experience, strategic perspective, and proven execution capabilities will be instrumental in accelerating our international growth ambitions and strengthening our position in key global markets."

Speaking about his new role, Mr. Chidambaram Balakrishnan added, "I am delighted to join Hind Rectifiers at an exciting phase of its growth journey. The Company has built a strong legacy in power electronics, supporting critical sectors such as railways, transportation, and industrial systems. I look forward to working closely with the team to expand our global presence, drive innovation, and create sustained value for customers and stakeholders."

Strategic Leadership Expansion

By strengthening its leadership team with pivotal global appointments, including the appointment of Mr. Doughlas J. Bailey as Global Chief Executive Officer to spearhead international expansion, the company is laying the foundation for its next era of growth. These strategic hires reflect a broader vision to build an agile, globally aligned leadership bench that can scale the business, unlock new market opportunities, and shape a stronger future for the organization.

Regulatory Compliance

The appointment disclosure was made in accordance with SEBI regulations, with Chief Financial Officer Anil Kumar Nemani signing the official communication to stock exchanges. The company confirmed that there are no relationships between directors in connection with this appointment.