Hind Rectifiers Limited has submitted the Exchange a copy Srutinizers report of Postal Ballot
HIRECT · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Awaiting price reaction for this filing.
Hind Rectifiers Limited has submitted the voting results and scrutinizer's report for a postal ballot conducted from July 30 to August 28, 2025. The single special resolution was to approve the issue of equity warrants on a preferential basis to certain identified persons, in which promoters/promoter group are interested. Out of 19,894 shareholders on record date (July 25, 2025), 163 members cast valid votes representing 9,277,553 shares (54.06% of outstanding shares). The resolution was passed overwhelmingly with 99.99% votes in favour (9,276,749 votes) and only 804 votes (0.0087%) against. Both promoters (95.29% polled, 100% in favour) and public-institutional investors (97.91% polled, 100% in favour) backed the resolution strongly, while public-non-institutions had 99.92% in favour.
Shareholders have approved the preferential issue of equity warrants, clearing the way for the company to raise capital from identified persons (likely including promoters). This is a positive procedural step but may lead to dilution once warrants are exercised, so investors should watch for further disclosures on pricing, allottee identity, and the amount being raised.