Meeting Details

The postal ballot process is conducted through remote e-voting without a physical meeting. The Cut-off date for determining members entitled to vote is Friday, June 5, 2026. The remote e-voting period commences on Thursday, June 11, 2026, at 9:00 a.m. and ends on Friday, July 10, 2026, at 5:00 p.m.

Proposed Resolutions and Implications

Resolution 1: Change of Name and Constitutional Amendments (Special Resolution)

  • Change the company name from 'Hind Rectifiers Limited' to 'Hirect Limited'.
  • Amend Clause I (Name Clause) of the Memorandum of Association and update the Articles of Association.
  • The name change aligns the legal name with the established brand identity 'HIRECT', which has been used since 1961 and is a registered trademark.
  • The Registrar of Companies, CRC Manesar, Haryana, has approved the name availability vide letter dated May 26, 2026.
  • The change will not affect the legal status, operations, or stakeholder rights.

Resolution 2: Increase in Authorized Share Capital (Ordinary Resolution)

  • Increase Authorized Share Capital from ₹10,00,00,000 (5 crore equity shares of ₹2 each) to ₹30,00,00,000 (15 crore equity shares of ₹2 each).
  • Amend Capital Clause (Clause V) of the Memorandum of Association.
  • The increase aims to broad-base the capital structure and meet future funding requirements.

Resolution 3: Increase in Borrowing Limits (Special Resolution)

  • Increase borrowing limits under Section 180(1)(c) of the Companies Act, 2013, from ₹400 crore to ₹600 crore.
  • The borrowing may exceed the aggregate of paid-up capital and free reserves (excluding temporary loans).
  • Funds are required for capital expenditure, working capital, and business expansion.

Resolution 4: Creation of Mortgage/Charge on Assets (Special Resolution)

  • Create mortgage/charge on movable/immovable properties (present and future) under Section 180(1)(a) to secure borrowings up to ₹600 crore.
  • Security may be created in favor of banks, financial institutions, or other lenders.

Voting Process and Methods

The company provides remote e-voting facility through National Securities Depository Limited (NSDL). Members can vote electronically via:

  • NSDL e-Voting website: https://www.evoting.nsdl.com/
  • NSDL eservices (IDEAS) portal: https://eservices.nsdl.com/
  • Mobile app 'NSDL Speede'
  • Depository participants (for demat account holders)

Voting rights are proportionate to the shares held as on the Cut-off date. Once a vote is cast, it cannot be changed.

Scrutinizer Appointment

Mr. Mahesh Soni (Membership No. 3706) of M/s GMJ & Associates, Practicing Company Secretaries, is appointed as the Scrutinizer. In his absence, Ms. Sonia Chettiar (Membership No. 27582) will serve. The Scrutinizer will ensure a fair and transparent voting process, and their decision on vote validity is final.

Compliance with Laws and Regulations

The postal ballot process complies with:

  • SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015
  • Companies Act, 2013, and Rules thereunder
  • MCA Circular No. 03/2025 dated September 22, 2025
  • Secretarial Standard on General Meetings (SS-2)

Key Dates and Results

  • Remote e-voting period: June 11, 2026 (9:00 a.m.) to July 10, 2026 (5:00 p.m.)
  • Results declaration: On or before Sunday, July 12, 2026
  • Results will be posted on the company website (www.hirect.com) and communicated to stock exchanges.

Additional Information

  • The Explanatory Statement and all relevant documents are available for electronic inspection until the last voting date.
  • Members can email investors@hirect.com for document inspection or e-voting grievances.
  • Institutional shareholders must submit board resolutions/authority letters to cs@gmj.co.in and evoting@nsdl.com.
  • The resolutions, if approved, will be deemed passed on the last e-voting date (July 10, 2026).