Hind Rectifiers Limited has informed the Exchange regarding allotment of 17183807 securities pursuant to Bonus by way of circular resolution passed on March 30, 2026
HIRECT · price
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On the reaction day the stock moved 2.3 pts more than Nifty Microcap 250 and 1.1 pts more than its Industrial Products peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.
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Hind Rectifiers Limited has allotted 1,71,83,807 bonus equity shares of face value Rs. 2 each to eligible shareholders, in the ratio of 1:1 (one bonus share for every one existing share). The bonus was approved via a circular resolution passed by the Board on March 30, 2026, with the record date set as March 27, 2026. As a result, the company's paid-up equity share capital has doubled from Rs. 3.44 crore to Rs. 6.87 crore. The new bonus shares will rank equally with existing shares and are expected to be credited to shareholder accounts within the statutory time frame.
Shareholders will see their shareholding double in quantity, though the share price typically adjusts downward proportionally, leaving overall investment value largely unchanged. This signals management's confidence in the company's prospects, though it is a capital restructuring event rather than a value-creation event.