Announced Tue, 11 Aug · 15:09 IST
New Global CEO at Hirect; Bailey resigns, Q1 profit up 18 percent
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
-3.0%1-day move
₹1295.50
prior close
₹1223.00
base price
In-mkt
timing
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-0.4-0.0+0.1—-3.0-4.1-3.0-2.7-2.6-0.6-3.6———
Up moveDown movePending
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.