Hind Rectifiers Ltd Approves Name Change and Significant Increase in Authorised Share Capital
The Board of Directors of Hind Rectifiers Ltd, during a meeting held on June 10, 2026, unanimously approved several key corporate changes, including a name alteration and a substantial increase in the company's authorised share capital. The outcomes are subject to subsequent shareholder approvals.Among the decisions made by the Board was the approval of changing the company’s name to ‘Hirect Limited’. This change is contingent upon receiving necessary approval from the shareholders and the Ministry of Corporate Affairs, alongside corresponding amendments to the Memorandum and Articles of Association in compliance with the relevant laws.
A major operational update approved by the directors was the increase in the company's Authorised Share Capital. The existing authorised share capital stood at Rs 10,00,00,000 (Rupees Ten Crores only), which was divided into 5,00,00,000 equity shares of Rs 2/- each. This capital has been increased to Rs 30,00,00,000 (Rupees Thirty Crores only), corresponding to a total of 15,00,00,000 equity shares, with the issue price remaining at Rs 2/- per share.
The Board meeting also approved the proposal to conduct a Postal Ballot process to seek approval from shareholders for these agenda items. The draft notice for this postal ballot was approved by the Board of Directors during the meeting.
The changes regarding Hind Rectifiers Ltd are summarized below:
| Financial Metric | Previous Structure | New Structure |
|---|---|---|
| Authorised Share Capital | Rs 10,00,00,000 | Rs 30,00,00,000 |
| Number of Equity Shares | 5,00,00,000 | 15,00,00,000 |
| Face Value per Share | Rs 2/- | Rs 2/- |
HIRECT Stock Price Movement
Shares of Hind Rectifiers Limited are rising as of 10:40 AM, trading at ₹1102.1 after advancing by ₹3.90 or 0.36%. The stock saw a volume of 21,868 shares in the current trading 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.
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