New Global CEO at Hirect; Bailey resigns, Q1 profit up 18 percent

Ceo ResignedCeo Appointed ExternalKmp ResignedManagement Changes View source PDF Explain this filing

HIRECT · price

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▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.

Price reactionminutes from the announcement price · days from the prior close

-5.7%Reaction day

₹1295.50

prior close

₹1223.00

announcement price

In-mkt

timing

Nifty Microcap 250market · in no size index; the smallest one is used-0.2%-5.5% vs market

Industrial Products peers, median of 131sector-0.3%-5.3% vs sector

On the reaction day the stock moved 5.5 pts less than Nifty Microcap 250 and 5.3 pts less than its Industrial Products peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.

Minutes after the announcementfrom the announcement price · no benchmark

Stock

-0.4

10m

-0.0

15m

+0.1

30m

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Sessions after the filingfrom the prior close

StockMarketvs marketSectorvs sector

Reaction day

-5.7-0.2-5.5-0.3-5.3

Next day

-3.0+0.2-3.2-0.5-2.6

-4.1+0.4-4.5-0.5-3.7

-3.0+0.4-3.4-0.6-2.4

-2.7+0.6-3.2-1.7-1.0

-2.6+0.9-3.5-1.3-1.3

-0.6+0.9-1.5-1.0+0.4

15d

-3.6+0.9-4.5-2.4-1.2

-4.2+2.3-6.5+0.0-4.2

-13.9-1.1-12.8-1.2-12.7

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UpDownMarket · Nifty Microcap 250Sector · Industrial Products peers, median of 131Pending

Minute windows have no benchmark: there is no intraday index history to compare against.

AI summary

Hirect (formerly Hind Rectifiers) Q1 FY27 standalone revenue rose 10 percent to 2363.92 million rupees, net profit up 18 percent to 150.91 million rupees. Global CEO Douglas J Bailey resigned for personal reasons. Chidambaram Balakrishnan (ex-Caterpillar Rail, GE) named new Global CEO. Anil Kumar Nemani elevated as Executive Director and CFO for 3 years. Rahul Rai appointed Independent Director for 5 years. Name changed to Hirect Limited from July 24, 2026.

Likely market impact

Smooth leadership transition with external CEO hire and Q1 earnings growth, broadly positive for shareholders.