Announced Fri, 10 Jul · 19:13 IST
Hind Rectifiers shareholders approve name change to Hirect, capital hike
Corporate Actions View source PDF
HIRECT · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Price reaction · full curve 14 horizons · vs prior close
+0.8%1-day move
₹1055.70
prior close
₹1044.60
base price
After-mkt
timing
5m10m15m30m1D2D3D4D5D7D15D1M2M3M
+1.7+2.7+2.2+2.2+0.8+20.8+21.0+18.2+19.7+21.2————
Up moveDown movePending
AI summary
Hind Rectifiers Limited shareholders passed all 4 resolutions via postal ballot with over 99.9% approval on July 10, 2026. Key items: name change to Hirect Limited, increase in authorised share capital, higher borrowing limits under Section 180(1)(c), and creation of mortgage or charge on company assets. 129 members cast votes out of 22,610 shareholders on record date June 5, 2026. Total valid votes were about 1.73 crore on each resolution.
Likely market impact
Name change signals brand refresh. Higher borrowing limit and authorised capital suggest upcoming fundraising, expansion, or debt plans for shareholders.