Hind Rectifiers Limited has issued a corrected intimation regarding its bonus share allotment, rectifying an inadvertent error in the face value of new bonus shares while maintaining the previously announced record date of March 27, 2026, for the 1:1 bonus issue.

Face Value Correction and Regulatory Compliance

The company has clarified that the new bonus shares will have a face value of Rs. 2 per share, not Rs. 10 as previously mentioned in their March 20, 2026 communication. This correction aligns with the company's current face value structure, where bonus shares will be issued in the proportion of 1 new fully paid-up equity share of Rs. 2 each for every existing 1 equity share of Rs. 2 each held by members.

Postal Ballot Approval and Implementation Timeline

Following the successful completion of the postal ballot process, shareholders had approved the bonus share issuance with overwhelming support. The voting results demonstrated strong confidence across all shareholder categories, with 99.99% votes in favour of the resolution.

Allotment and Trading Schedule

The company has confirmed the implementation timeline for the bonus share allotment in accordance with SEBI circular no. CIR/CFD/PoD/2024/122 dated September 16, 2024. The bonus shares will rank pari-passu in all respects with the existing equity shares of the company.

The corrected intimation was signed by Chief Financial Officer Anil Kumar Nemani and submitted to both NSE and BSE on March 23, 2026, ensuring full regulatory compliance and transparency in the bonus share allotment process.

Hind Rectifiers has announced that its board of directors approved the incorporation of a wholly owned subsidiary in the United Arab Emirates during a board meeting held on March 13, 2026. The meeting, which commenced at 10:30 A.M. IST and concluded at 12:20 P.M., marks a significant step in the company's international expansion strategy.

Board Meeting Details and Regulatory Compliance

The company has formally notified the National Stock Exchange Limited and BSE Limited about this corporate development pursuant to Regulation 30 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015. The subsidiary will be incorporated under a name approved by the Dubai International Financial Centre, subject to regulatory approvals and name availability.

Investment and Financial Structure

The company will invest Rs. 37.66 lakh (equivalent to 150,000 AED) as cash consideration for the subsidiary formation. This wholly owned subsidiary will hold 100% capital contribution from Hind Rectifiers Limited, ensuring complete control over the international holding structure.

Strategic Purpose and Business Function

The proposed subsidiary will not undertake any direct business activities and will function solely as a holding company for all existing and future overseas subsidiaries of Hind Rectifiers Limited. Its principal role will be to head the international subsidiaries and facilitate the company's global expansion strategy by enabling efficient management, oversight, and structuring of overseas investments and operations.

Regulatory Approvals and Next Steps

The incorporation is subject to necessary approvals, registrations, and compliances under the applicable laws of the United Arab Emirates and relevant regulatory authorities. The company will intimate the final name of the subsidiary once approved by the Dubai International Financial Centre and after completing all regulatory requirements.

This strategic corporate restructuring initiative reflects Hind Rectifiers' commitment to strengthening its international presence and optimizing its overseas business operations through a centralized UAE-based holding structure.