Hind Rectifiers Limited has informed the Exchange regarding Corrigendum to the Postal Ballot Notice of Hind Rectifiers Limited ( the Company ) circulated to shareholders on July 29, 2025
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Hind Rectifiers Limited has issued a corrigendum (dated August 14, 2025) to its Postal Ballot Notice originally circulated on July 29, 2025, to provide additional clarity to shareholders on the proposed preferential issue of equity warrants. Key clarifications include: the issue price of ₹1,368.22 per warrant (voluntarily determined using an independent registered valuer's report under Regulation 166A), lock-in of 1 year for warrants and 18 months for the resultant equity shares, and confirmation that the sole allottee Elventive Tech Private Limited belongs to the promoter group (body corporate) and its status will remain unchanged post-issue. The Postal Ballot seeks shareholder approval to issue up to 2,00,000 equity warrants (face value ₹2 each) at ₹1,368.23 per warrant, aggregating up to ₹27.36 crores, convertible into equity shares within 18 months. E-voting runs from July 30, 2025 to August 28, 2025, and shareholders who have already cast votes can request modifications by emailing the scrutinizer before the deadline.
This represents a promoter group equity infusion of up to ₹27.36 crores, which can be viewed as a signal of promoter confidence in the company. However, shareholders should note the potential equity dilution on full conversion of warrants and are advised to review the corrigendum carefully before the August 28, 2025 voting deadline.