Hind Rectifiers Limited Completes Sale of Part of Non-Operational Dehradun Plant
Hind Rectifiers Limited has finalized the sale of a portion of its non-operational Dehradun plant, which had been out of use since 2023. The sale marks the disposition of assets related to the facility, for which there were no plans to restart operations despite previous communications regarding product obsolescence.The company entered into the sale deed for a part of the plant situated in Village Chharba, Dehradun, Uttarakhand. This transaction concluded with the acquisition of the asset by Mrs. Pratima Saklani.
Financial and transactional details related to the sale are as follows:
| Particulars | Details |
|---|---|
| Asset Sold | Part of the non-operational Dehradun plant in Chharba, Dehradun, Uttarakhand |
| Date Agreement Entered | June 22, 2026 |
| Expected Completion Date | June 22, 2026 |
| Consideration Received | Rs. 5 Crore |
| Buyer Details | Mrs. Pratima Saklani (not related to the promoter or promoter group) |
The transaction was executed as an arm's length deal and did not involve any related parties. Given that the Dehradun plant had been non-operational since 2023 due to product obsolescence, the specific revenue contribution of this unit to the company's last financial year was deemed "Not applicable."
HIRECT Stock Price Movement
Hind Rectifiers Limited shares today slipped by 0.38% to settle at ₹1152.40 after shedding ₹4.40 from previous closing levels. The stock saw a total traded volume of 42,239 shares during the session.Disclaimer: Due care and diligence have been taken in compiling and presenting news and market-related content. However, errors or omissions may arise despite such efforts.
The information provided is for general informational purposes only and does not constitute investment advice, a recommendation, or an offer to buy or sell any securities. Readers are advised to rely on their own assessment and judgment and consult appropriate financial advisers, if required, before taking any investment-related decisions.
Any views, opinions, or statements expressed, where applicable, are those of the respective analysts or experts and do not reflect the views of this website. The website has no association with such viewpoints and does not assume any responsibility for them.