OUTCOME

Hind Rectifiers' Board approved 6 key items at its May 16, 2026 meeting. The Board re-appointed Mr. Suramya Nevatia as Managing Director for 3 years (Aug 2026-Aug 2029) and revised remuneration for Executive Director Ms. Akshada Nevatia, noting both are related to each other. Mr. Suhas Pawar was appointed as Company Secretary and Compliance Officer, replacing Ms. Megha Shekhawat who resigned citing pursuit of alternate career opportunities. The company also granted 75,291 ESOPs at Rs. 470 per option to eligible employees under ESOP 2018. Most significantly, Hind Rectifiers approved issuance of 10,86,366 equity shares (worth Rs. 100 crore) to Tata Mutual Fund Small Cap Fund at Rs. 920.50 per share on a preferential basis, subject to shareholder and regulatory approvals.