Hirect Limited has closed its trading window for designated persons and their immediate relatives starting October 1, 2026. This closure will remain in effect until 48 hours after the company declares its unaudited financial results for the quarter and half year ending September 30, 2026.

The decision is made pursuant to the SEBI (Prohibition of Insider Trading) Regulations, 2015, and the company's internal Code of Conduct. The move ensures compliance with regulatory standards regarding the handling of unpublished price-sensitive information during the earnings reporting period.

Board meeting date to be intimated

The company stated that the specific date for the Board Meeting, which will consider and approve the said financial results, will be communicated in due course. Until that announcement, the restriction on dealing in securities remains active for all insiders as defined by the company's code of conduct.

Compliance details

The notice was issued by Suhas Pawar, Company Secretary and Compliance Officer, on September 24, 2026. The filing was addressed to both BSE Limited and the National Stock Exchange of India Limited, ensuring all market participants are aware of the trading restrictions.

Hirect has secured a development order for complete propulsion systems for four Mainline Electric Multiple Unit (MEMU) trainsets from Modern Coach Factory (MCF), Indian Railways.

The 24-month programme covers traction transformers, traction motors and the fully integrated propulsion system including the Train Control and Management System (TCMS). This marks the company’s first full MEMU trainset system order.

InnoTrans 2026 Debut

Hirect will debut its new 6,000 HP electric locomotive propulsion system at InnoTrans 2026 in Berlin, held from September 22 to 25. The system was designed, engineered and manufactured entirely in-house, including liquid-cooled IGBT traction inverters/converters and proprietary control software.

The propulsion system completed its acceptance regime this year after successfully hauling loaded freight in a WAG-9 locomotive under India’s severe duty cycles and demanding thermal operating environment.

Strategic Positioning

For nearly seven decades, Hirect has grown alongside Indian Railways, evolving from a market leader in traction transformers to a power electronics company shipping high-power IGBT converters, auxiliary power supplies, SiC battery chargers, traction motors and HVAC systems.

The qualification of the 6,000 HP system opens one of the world’s largest locomotive markets to Hirect’s complete propulsion package. It also establishes a modular subsystem platform for new-build, retrofit and hybrid locomotive programmes internationally.

What the Numbers Show

The shift from component supply to integrated systems is evident in the scope of the new contract. While Hirect historically supplied discrete components like traction transformers and motors, the MCF order mandates a fully integrated solution including the Train Control and Management System (TCMS). This indicates a strategic move up the value chain towards total powertrain responsibility, leveraging its in-house capability across dielectric coatings, copper wire, and control software.

Leadership Commentary

"These achievements validate the technology roadmap we have been building for years," said Suramya Nevatia, Chairman & Managing Director of Hirect.

He noted that powering Indian Railways locomotives with an in-house designed propulsion system demonstrates the strength of the company’s R&D. "The products and technologies we have created under the guidance of one of the world’s most demanding railways are ready to serve the burgeoning worldwide demand for high-power electronics and propulsion systems," he added.

Decarbonisation Focus

Decarbonisation remains central to Hirect’s industry role. The company provides propulsion and power conversion equipment enabling the transition from diesel to hybrid, electric and alternative-energy traction, including hydrogen.

At InnoTrans 2026, Hirect will display its high-power converters, power module range, traction motor and associated electronic products. Technical specialists will be available at hall 9, stand 621, Messe Berlin, to discuss electrified, hybrid and decarbonised rail programmes.