Hind Rectifiers Limited has submitted the Exchange a copy Srutinizers report of Postal Ballot. Further, the company has informed the Exchange regarding voting results.
HIRECT · price
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Hind Rectifiers Limited conducted a postal ballot (remote e-voting) from February 18, 2026 to March 19, 2026 to seek shareholder approval for issuing bonus shares. A total of 129 members participated in the voting, with 125 members (holding 8,412,023 shares) voting in favour and only 4 members (holding 82 shares) voting against. The resolution was approved with an overwhelming 99.999% majority. GMJ & Associates, Practicing Company Secretaries, served as the scrutinizer and confirmed the resolution was passed with the requisite majority. The company will now proceed with the bonus share issuance as per the approved resolution.
Shareholders have given near-unanimous approval for the bonus share issuance, which is generally a positive development as bonus shares reward existing shareholders by increasing their shareholding without additional cost. The strong approval margin suggests broad shareholder confidence in the company's direction. Investors can expect the bonus shares to be allotted in due course as per the terms set out in the postal ballot notice.