Hind Rectifiers Limited — Important, 22-11-2024: Updates

A new wholly-owned subsidiary, Hirect FZ-LLC, has been incorporated in the Ras Al Khaimah Economic Zone, UAE, with a paid-up capital of AED 125,000. The establishment of this subsidiary is aimed at enhancing customer focus and leveraging growth opportunities in the international market, specifically in sectors like power generation, heavy machinery, and electronic trading. With Hind Rectifiers Limited retaining 100% equity interest, the strategic move positions the company to expand its operational footprint and explore new market avenues. Investors should remain attentive to the potential growth stemming from this international venture.