Mr. Suhas Pawar, (ICSI Membership No. ACS-36560) has been appointed as the Company Secretary and Compliance Officer (being Key Managerial Personnel) of the Company with effect from May ....
HIRECT · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Hind Rectifiers Limited's Board of Directors announced several key decisions on May 16, 2026. Mr. Suhas Pawar was appointed as Company Secretary and Compliance Officer (Key Managerial Personnel) effective immediately, replacing Ms. Megha Shekhawat who resigned as Interim Company Secretary. Separately, the Board re-appointed Mr. Suramya Nevatia as Managing Director for 3 years (August 2026-August 2029) subject to shareholder approval, and revised Ms. Akshada Nevatia's remuneration as Executive Director. The company also approved granting 75,291 stock options to employees at Rs. 470 per option under the ESOP 2018 scheme, and a Rs. 100 crore preferential issue of 10,86,366 equity shares to Tata Mutual Fund (Small Cap Fund) at Rs. 920.50 per share, both subject to shareholder approval.
The appointment of a permanent Company Secretary restores proper corporate governance after the interim arrangement. The Rs. 100 crore capital raise from Tata Mutual Fund brings institutional credibility and strengthens the company's balance sheet, though it will result in dilution for existing shareholders pending approval.