Hind Rectifiers Limited has submitted the Exchange a copy Srutinizers report of undefined held on July 29, 2025
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Hind Rectifiers Limited has filed the voting results and scrutinizer's report for its 67th AGM held on July 29, 2025 via video conferencing. All 8 resolutions were passed with the requisite majority, with total voting participation of 54.48% (9,350,003 votes out of 17,162,675 outstanding shares). Key approvals include adoption of FY25 audited financial statements, declaration of a dividend for FY ended March 31, 2025, re-appointment of Mr. Parimal Merchant as director, and ratification of cost auditors' remuneration. Three special resolutions also passed: re-appointment of two independent directors (Mrs. Ashlesha Bodas and Mr. Vandan Shah) and re-appointment of Mrs. Akshada Nevatia as Executive Director with remuneration approval. Notably, the executive director remuneration resolution (Item 7) saw 11.34% dissent (1,058,798 votes against), with public institutions voting 100% against it, while all other resolutions faced near-universal approval (over 99.99% in favour).
This is a routine post-AGM compliance filing confirming shareholder approval of all agenda items including a dividend for FY25. The 11% dissent on the executive director's remuneration — driven entirely by public institutional investors — is a mild governance flag worth monitoring but does not change the outcome. No material price action is expected from this disclosure alone.