Postal ballot: name change to Hirect Limited and higher borrowing limits approved

Hind Rectifiers shareholders approved 4 resolutions via postal ballot on July 10. Key items: name change to Hirect Limited (99.99 percent in favor), increase in authorised share capital (99.93 percent), higher borrowing limits under Section 180 (99.999 percent in favor), and permission to create mortgage or charge on company assets (99.999 percent in favor). 129 voting members with about 1.73 crore shares participated. All resolutions passed with very strong shareholder support.