Hind Rectifiers Limited — Others, 14-08-2025: Corrigendum

Hind Rectifiers has issued a corrigendum for its postal ballot notice regarding a preferential issue of 2,00,000 equity warrants. The company aims to raise up to Rs 27.36 crore for capital expenditure, strengthening its manufacturing and engineering units in Mumbai, Nashik, and Sinnar. The corrigendum clarifies that a voluntary valuation report was obtained for setting the warrant price at Rs 1368.23 each. These warrants will have a one-year lock-in, while the resultant equity shares will be locked in for eighteen months. The issue is to a promoter group entity, Elventive Tech Private, whose status remains unchanged post-issue, holding 1.15% post-conversion, without altering company control. Shareholders who have already cast their votes can modify them.