Announced Tue, 16 Jun · 19:59 IST
Postal Ballot Results: Loan to Subsidiary & Preferential Share Issue Approved
Compliance View source PDF
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
-0.2%1-day move
₹1150.00
prior close
₹1152.00
base price
After-mkt
timing
5m10m15m30m1D2D3D4D5D7D15D1M2M3M
-0.5-0.5-0.4+0.1-0.2+0.4-0.2-1.8+0.9-1.6-9.5+8.5——
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AI summary
Hind Rectifiers shareholders approved both special resolutions via postal ballot (remote e-voting ended June 15, 2026). Resolution 1 — loan to subsidiary Elventive France SAS — passed with 99.99% support (89 of 95 members in favor). Resolution 2 — preferential issue of equity shares to identified persons — passed with 99.97% support (106 of 113 members in favor). Scrutinizer: GMJ & Associates.
Likely market impact
Preferential equity issue may dilute existing shareholders; loan to subsidiary is a routine corporate action.