Hind Rectifiers promoters pledge shares in FY26

Hind Rectifiers disclosed the details of encumbrances created on shares held by its promoters and promoter group during the financial year ended March 31, 2026. The filing, submitted to the stock exchanges, outlines the shares pledged by key individuals within the promoter group, impacting the free and marketable title to these securities as defined under SEBI regulations.

The disclosure was made by Suramya Nevatia on behalf of the promoters and promoter group. The document specifies that the term encumbrance includes restrictions on the title to shares, pledges, liens, negative liens, non-disposal undertakings, or any similar covenants or arrangements.

Encumbrance Details

The filing reveals that two members of the promoter group have pledged shares. Suramya Nevatia, a promoter, pledged 10,16,000 shares out of a total holding of 51,49,536 shares. Akshada Nevatia, belonging to the promoter group, pledged her entire holding of 11,700 shares.

Name	Category	No. of shares held	No. of shares pledged
Suramya Nevatia	Promoter	51,49,536	10,16,000*
Akshada Nevatia	Promoter Group	11,700	11,700*
Saurabh Nevatia	Promoter	72,16,876	Nil
Shriya Saurabh Nevatia	Promoter Group	7,20,400	Nil
Bharti Saurabh Nevatia	Promoter Group	5,42,200	Nil
Surabhi Golyan	Promoter Group	5,00,000	Nil
Suryansh Saurabh Nevatia	Promoter Group	9,57,000	Nil

Other members of the promoter group, including Saurabh Nevatia as Karta of SUSHIL Kumar Nevatia HUF, Adiv Nevatia, Nurvi Nevatia, and entities such as Elventive Tech Private Limited, Force Motion Technology LLP, Caelora Capital FZCO, and Belink Hirect SAS, reported nil holdings and nil pledged shares.

Bonus Share Pledges

The pledged shares include bonus shares allotted by the company on March 30, 2026. Due to a trading holiday on March 31, 2026, the creation of the pledge on these newly allotted bonus shares was completed on April 1, 2026.

1 Day	5 Days	1 Month	6 Months	1 Year	5 Years
-3.40%	+19.55%	+8.69%	+78.21%	+90.98%	+1,368.78%

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:

Sr No.	Description of Resolution	Type of Resolution
1.	Change of name to 'Hirect Limited' and amendments to Memorandum and Articles of Association	Special Resolution
2.	Increase in Authorised Share Capital and alteration to capital clause of Memorandum of Association	Ordinary Resolution
3.	Increase in borrowing limits under Section 180(1)(c) of the Companies Act, 2013	Special Resolution
4.	Creation of mortgage and/or charge on properties under Section 180(1)(a) of the Companies Act, 2013	Special Resolution

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.