Ms. Megha Shekhawat ceased to be the interim Company Secretary and Compliance Officer of the Company with effect from the close of business hours of May 16, 2026
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Hind Rectifiers' Board meeting on May 16, 2026 approved five key items. Ms. Megha Shekhawat stepped down as Interim Company Secretary and Compliance Officer, and Mr. Suhas Pawar (CS, 14+ years experience) was appointed in her place. Mr. Suramya Nevatia was reappointed as Managing Director for 3 years from August 17, 2026, subject to shareholder approval. Remuneration for Executive Director Ms. Akshada Nevatia was also revised. The company granted 75,291 ESOP options at Rs 470 per option under the ESOP 2018 scheme. Additionally, a preferential allotment of 10,86,366 equity shares will be issued to Tata Mutual Fund (Small Cap Fund) at Rs 920.50 per share, raising approximately Rs 100 crore, subject to shareholder and regulatory approvals.
The replacement of the Company Secretary is routine. The Rs 100 crore capital raise from a mutual fund signals institutional confidence in the company, which is positive for growth prospects.