Hind Rectifiers approves loan to subsidiary and preferential issue

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

Category	Votes For	Votes Against	% For	% Against
Promoter and Promoter Group	15097712	0	100	0
Public-Institutions	2128422	0	100	0
Public-Non Institutions	701688	2054	99.7081	0.2919
Total	17927822	2054	99.9885	0.0115

Resolution 2: Preferential Issue of Equity Shares

Category	Votes For	Votes Against	% For	% Against
Promoter and Promoter Group	15097712	0	100	0
Public-Institutions	2154458	2964	99.8626	0.1374
Public-Non Institutions	709759	2034	99.7142	0.2858
Total	17961929	4998	99.9722	0.0278

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.

1 Day	5 Days	1 Month	6 Months	1 Year	5 Years
-3.12%	-5.97%	+16.33%	+53.55%	+76.24%	+1,359.07%

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.