Hind Rectifiers Limited has sold a portion of its non-operational Dehradun plant for Rs.5 Crore. The sale was completed on June 22, 2026, as the company continues to divest assets that have been idle due to product obsolescence. The transaction does not qualify as a related party deal and was conducted at arm's length.

The Board had previously approved the sale of the plant, which has been non-operational since 2023. With no machinery remaining and no plans to restart operations, the company moved to monetize the asset. The specific portion sold is located at Village Chharba, New Khasra No. 64 to 67 & 74, Chharba Langha Road, Vikas Nagar, Dehradun 248197, Uttarakhand.

The buyer, Mrs. Pratima Saklani, is not related to the promoter, promoter group, or group companies. The transaction falls outside the scope of a slump sale and does not require compliance with Regulation 37A of the LODR Regulations. The company confirmed that the sale was finalized on the same day the agreement was entered into.

Sale Details

The Dehradun plant contributed no turnover or revenue during the last financial year as it was non-operational. The disclosure was made in compliance with Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 and a relevant SEBI Master Circular.

Hind Rectifiers Limited shareholders have approved granting a loan to its subsidiary, Elventive France SAS, and issuing equity shares on a preferential basis to an identified person. The resolutions were passed through a postal ballot conducted via remote e-voting, which concluded on June 15, 2026. The approvals enable the company to provide financial support to its French subsidiary and raise capital through preferential allotment.

The postal ballot notice was dated May 16, 2026, and remote e-voting was open from May 17, 2026, to June 15, 2026. M/s GMJ & Associates, Practicing Company Secretaries, were appointed as the scrutinizer to oversee the voting process. The votes were unblocked on June 15, 2026, in the presence of witnesses to ensure transparency.

Voting Results

Both special resolutions received overwhelming support from shareholders. The first resolution regarding the loan to Elventive France SAS secured 99.9885% of the votes polled, while the second resolution for the preferential issue of equity shares received 99.9722% approval. The detailed voting patterns are outlined below.

Resolution 1: Loan to Elventive France SAS

Resolution 2: Preferential Issue of Equity Shares

The scrutinizer's report confirmed that both special resolutions were passed with the requisite majority. The results were submitted to the National Stock Exchange and BSE on June 16, 2026, in compliance with Regulation 44 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.