Hind Rectifiers announced its audited financial results for the quarter and year ended March 31, 2026, with the Board of Directors approving the results on May 16, 2026. The company subsequently published an extract of its standalone and consolidated audited financial results in newspapers — Business Standards, ET Markets, and Mumbai Lakshadweep — on May 18, 2026, under Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The full-year results reflect robust performance driven by sustained business momentum across railway and industrial businesses.

Standalone Financial Performance

Hind Rectifiers delivered strong standalone financial results for FY26. Revenue from operations grew 44.8% year-on-year to INR 949.2 Cr, while EBITDA increased 45.5% to INR 102.5 Cr. Net profit surged 54.7% to INR 57.7 Cr from INR 37.3 Cr in the previous year. The company reported robust growth in cash flow from operations of 154.8% to INR 90.7 Cr. The Return on Capital Employed (ROCE) stood at 24.2%, while Return on Equity (ROE) improved to 30.3% from 26.2% in FY25. The debt equity ratio remained stable at 1.02.

The following table presents the extract of standalone audited financial results (figures in ₹ lakhs):

Consolidated Financial Performance

On a consolidated basis, the group reported revenue growth of 52.5% to INR 999.1 Cr and EBITDA growth of 19.6% to INR 84.1 Cr for FY26. Consolidated net profit after Minority Interest surged 21.3% to INR 45.0 Cr. Cash flow from operations grew 141.0% to INR 85.8 Cr. The order book remained healthy with an order backlog of INR 845.5 Cr at the end of FY26, while fresh order inflows stood at INR 858.4 Cr during the year.

The following table presents the extract of consolidated audited financial results (figures in ₹ lakhs):

Key Financial Highlights

Strategic Developments

The company successfully operationalized its specialized Copper Conductor facility at Sinnar with an installed capacity of ~350 TPM, strengthening backward integration. Hind Rectifiers made significant progress in its indigenous propulsion system development program, which is currently in advanced stages of validation and field trials. The company secured notable export orders for Traction Transformers to Germany and IGBT-based Inverters to the USA. FY26 also marked a key step in global expansion with the acquisition of Elventive France, establishing a manufacturing and R&D footprint in Europe to enhance capabilities in EMS, robotics, and printed electronics.

Dividend and Capital Actions

The Board of Directors has approved the issuance of bonus shares in the ratio of 1:1, reflecting the company's strong financial position and commitment to reward shareholders.

Hind Rectifiers Limited has announced the newspaper publication of its Postal Ballot Notice and Remote E-voting advertisement on May 18, 2026, in Active Times, Business Standards, and Mumbai Lakshadeep. The notice, filed by Company Secretary & Compliance Officer Suhas Pawar, seeks shareholder approval for two special resolutions — a loan to its subsidiary Elventive France SAS and a preferential allotment of equity shares to Tata Mutual Fund (Small Cap Fund). As confirmed during a concall, Tata Group — through Tata Mutual Fund (Small Cap Fund) — will invest approximately ₹100 crore in the company at ₹920 per share via the preferential allotment.

Resolution Details

The two special resolutions cover the loan to the subsidiary and the preferential allotment of equity shares. The board proposes to issue 10,86,366 equity shares on a preferential basis to Tata Mutual Fund (Small Cap Fund) at a price of ₹920.50 per share, aggregating to ₹100 crore. The preferential issue price of ₹920.50 per share includes a premium of ₹918.50 and has been determined in accordance with Chapter V of the SEBI ICDR Regulations. The proposed allottee is classified as a non-promoter institution. The net proceeds from the issue, estimated at ₹99.80 crore, are intended to be utilised for working capital, capital expenditure, new R&D facilities, and general corporate purposes. Additionally, the company proposes to grant a loan of up to ₹22,31,24,000 (approx. 2 million Euros) to its subsidiary, Elventive France SAS, for working capital requirements and general corporate purposes.

The key details of both resolutions are summarised below:

Postal Ballot and E-voting Details

The company has set Friday, May 8, 2026, as the cut-off date to determine shareholder eligibility for the postal ballot. The Postal Ballot Notice was dispatched through e-mail on May 16, 2026, to shareholders whose e-mail IDs are registered with the Company or Depositories. The remote e-voting period commences on Sunday, May 17, 2026, at 9:00 a.m. (IST) and concludes on Monday, June 15, 2026, at 5:00 p.m. (IST). The results of the voting will be announced within the statutory timelines and communicated to the National Stock Exchange of India Limited and BSE Limited simultaneously. The Company has engaged the services of National Securities Depository Limited (NSDL) for providing the e-voting facility to shareholders.

The notice has been dispatched in compliance with Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The Postal Ballot Notice, along with the explanatory statement, is available on the company's website at https://hirect.com/ , on the e-voting agency's website at www.evoting.nsdl.com , and on the websites of NSE and BSE. Members holding shares in electronic form are requested to register or update their e-mail IDs with their respective depository participants. For queries, members may contact NSDL at toll-free no.: 022-4886 7000 or write to the company at investors@hirect.com .

Source: None/Company/INE835D01023/d76b6d84-5a29-48f2-9a69-acd35a7a3a28.pdf