Hind Rectifiers Limited — Others, 29-07-2025: Shareholders meeting

Hind Rectifiers seeks shareholder approval via postal ballot to issue 200,000 equity warrants on a preferential basis to Elventive Tech Private Limited, a promoter group entity. Priced at ₹1368.23 per warrant, this aims to raise ₹27.36 Cr. The funds are earmarked for capital expenditure to enhance manufacturing and engineering capabilities across its Mumbai, Nashik, and Sinnar units. Warrants can be converted into equity shares over 18 months, with 25% payable upfront. This move is designed to fuel business growth; no change in company control is expected. Post-conversion, the allottee will hold 1.15% of the fully diluted share capital.