HIRECTNSEHind Rectifiers Limited· Electronics - IndustrialCriticalNegative
Announced Sat, 16 May · 19:33 IST

Hind Rectifiers Limited has informed the Exchange about Resignation of Director/KMP/SMP

Kmp ResignedManagement Changes View source PDF

HIRECT · price

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Price reaction · full curve 14 horizons · vs prior close
+5.7%1-day move
₹949.45
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₹890.05
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After-mkt
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AI summary

Mrs. Megha Singh Shekhawat has resigned from her role as Interim Company Secretary and Compliance Officer of Hind Rectifiers Limited, effective from the closing hours of May 16, 2026. She cited pursuing alternate career opportunities outside the organisation as the reason for her departure. As a Key Managerial Personnel (KMP) under the Companies Act, 2013, the company is required to file necessary forms with the Registrar of Companies and notify stock exchanges. This leaves a compliance gap in the company's secretarial function.

Likely market impact

The departure of the Company Secretary (a statutory KMP) creates a compliance vacuum that the board must address promptly by appointing a replacement. While the immediate stock impact may be limited, investors should monitor for timely appointment of a new KMP to ensure regulatory compliance.