Voting Process Details

  • Postal Ballot Notice date: June 10, 2026
  • Record date/Cut-off date: June 5, 2026
  • Total number of shareholders as on record date: 22,610
  • Remote e-voting period: June 11, 2026 (09:00 a.m.) to July 10, 2026 (05:00 p.m.)
  • Total members who voted: 129
  • Votes unblocked on July 10, 2026 at 05:25 p.m. in presence of witnesses Mr. Nishit Parikh and Ms. Krushali Pitkar

Resolutions Passed

All four resolutions were passed with requisite majority on July 10, 2026:

Resolution 1: Change of Company Name (Special Resolution)
  • Change from 'Hind Rectifiers Limited' to 'Hirect Limited'
  • Consequent amendments to Memorandum and Articles of Association
  • Total votes polled: 17,320,356 (50.3905% of outstanding shares)
  • Votes in favor: 17,318,550 (99.9896%)
  • Votes against: 1,806 (0.0104%)
Resolution 2: Increase in Authorized Share Capital (Ordinary Resolution)
  • Increase in authorized share capital of the Company
  • Consequent alteration to capital clause of Memorandum of Association
  • Total votes polled: 17,320,356 (50.3905% of outstanding shares)
  • Votes in favor: 17,307,626 (99.9265%)
  • Votes against: 12,730 (0.0735%)
Resolution 3: Increase in Borrowing Limits (Special Resolution)
  • Under Section 180(1)(c) of the Companies Act, 2013
  • Total votes polled: 17,320,356 (50.3905% of outstanding shares)
  • Votes in favor: 17,320,235 (99.9993%)
  • Votes against: 121 (0.0007%)
Resolution 4: Creation of Mortgage/Charge (Special Resolution)
  • Creation of mortgage and/or charge on movable/immovable properties
  • Under Section 180(1)(a) of the Companies Act, 2013
  • Total votes polled: 17,351,876 (50.4822% of outstanding shares)
  • Votes in favor: 17,351,715 (99.9991%)
  • Votes against: 161 (0.0009%)

Shareholder Category-wise Voting Breakdown

Promoter and Promoter Group
  • Total shares held: 15,097,712
  • Voted 100% in favor on all four resolutions with zero against votes
Public Institutions
  • Total shares held: 2,358,501
  • Voted 91.4745% of their holding
  • Nearly unanimous support across all resolutions (99.48-100% in favor)
Public Non-Institutions
  • Total shares held: 16,916,026
  • Low participation rate (0.3855-0.5719% of holding voted)
  • Strong support across resolutions (97.23-99.83% in favor)

Scrutinizer Appointment and Report

  • M/s. GMJ & Associates, Company Secretaries appointed as Scrutinizer
  • Mr. Mahesh Soni, Partner represented the firm
  • Scrutinizer confirmed all resolutions passed with requisite majority
  • Detailed voting analysis provided in the report

Additional Information

  • The voting results and scrutinizer's report will be available on company website (www.Hirect.com) and NSDL website (www.evoting.nsdl.com)
  • The company requested the stock exchanges to take the information on record

Financial Impact

Financial impact of the capital increase and borrowing limits not quantified in the disclosure. The resolutions provide authorization for future corporate actions.