Hind Rectifiers Limited has made strategic leadership appointments to strengthen its management team, announcing the selection of two key executives during its Board of Directors meeting on January 30, 2026. The appointments reflect the company's commitment to enhancing its operational capabilities and governance framework.

Key Management Appointments

The Board of Directors, acting on recommendations from the Nomination and Remuneration Committee, approved two significant appointments during the meeting that commenced at 04:15 P.M. IST and concluded at 4:30 P.M.

New Global CEO Profile

Douglas J. Bailey brings extensive leadership experience to his role as Global Chief Executive Officer for Hind Rectifiers Limited and its subsidiaries. His professional background spans over 20 years in the semiconductor and electronics industry, with particular expertise in strategy, innovation, and C-suite leadership.

Bailey's notable achievements include:

• Leading global marketing and applications engineering organizations at Power Integrations
• Scaling company revenues from $134M to $650M during his tenure
• Expanding gross margins from 44% to 56%
• Establishing market leadership in wide bandgap technologies including GaN and SiC
• Successfully managing turnarounds, market entries including EV power systems, and large-scale change initiatives

The new CEO is recognized for his ability to translate complex technologies into market-leading products while driving sustained revenue growth and brand leadership. Bailey is not related to any director of the company.

Company Secretary Appointment

Megha Singh Shekhawat has been appointed as Interim Company Secretary & Compliance Officer, bringing specialized expertise in corporate governance and regulatory compliance. As an Associate Company Secretary, she possesses comprehensive experience across various corporate structures.

Her professional expertise includes:

• Extensive work with listed companies, unlisted companies, LLPs, and Section 8 companies
• End-to-end MCA, ROC, and Stock Exchange compliance management
• Company incorporations and statutory filings
• Corporate governance and legal document drafting
• Regulatory authority and banking liaison
• Experience with National Stock Exchange (NSE) in investor grievance redressal and arbitration matters

Shekhawat is not related to any director of the company and will oversee the company's compliance obligations and secretarial functions.

Regulatory Compliance

The appointments were announced in compliance with Regulation 30 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015. The company has provided detailed information as required under the SEBI Master Circular No. SEBI/HO/CFD/PoD2/CIR/P/0155 dated November 11, 2024.

Both appointments represent strategic additions to Hind Rectifiers Limited's leadership team, with the new executives expected to contribute to the company's operational excellence and regulatory compliance framework. The terms of appointment for both positions will be finalized through agreements between the appointees and the Board of Directors.

Hind Rectifiers Limited , a prominent player in the power electronics industry, has made a strategic move to optimize its asset portfolio. The company's board has given the green light for the sale of its non-operational manufacturing facility located in Dehradun.

Key Details of the Divestment

Strategic Implications

The decision to sell the Dehradun facility comes as part of Hind Rectifiers' efforts to streamline its operations and improve resource allocation. The manufacturing unit had been idle since July 2023 due to the outdatedness of the products it was designed to produce.

By divesting this non-operational asset, Hind Rectifiers aims to:

1. Monetize an idle resource
2. Potentially reinvest the proceeds in more viable projects
3. Reduce maintenance costs associated with the unused facility

This move aligns with modern corporate strategies that focus on lean operations and efficient use of capital. By shedding non-productive assets, companies like Hind Rectifiers can better position themselves to adapt to changing market demands and technological advancements in the power electronics sector.

The sale, valued at ₹9.50 crore, represents a significant transaction for the company. It demonstrates Hind Rectifiers' commitment to optimizing its asset base and potentially freeing up capital for more productive uses.

As the power electronics industry continues to evolve rapidly, companies must remain agile and responsive to market changes. Hind Rectifiers' decision to divest this outdated facility may be seen as a proactive step in maintaining its competitive edge in a dynamic industry landscape.

Investors and industry observers will likely be watching closely to see how Hind Rectifiers utilizes the proceeds from this sale and what impact it may have on the company's future operational efficiency and financial performance.