Hind Rectifiers Board Backs Hirect Ltd Rebrand, ₹30 Crore Capital Plan

Hind Rectifiers Ltd. on Wednesday said its board has approved a proposal to change the company's name to Hirect Limited, according to an exchange filing.

The proposed name change is subject to approval from shareholders and the Ministry of Corporate Affairs (MCA). The company will also amend its Memorandum of Association and Articles of Association to reflect the new name if the proposal receives the necessary clearances.

On 10 June 2026, Hind Rectifiers Ltd shares closed at ₹1,053.30, down 4.09% on the National Stock Exchange (NSE).

Share Capital Expansion Plan Approved

Alongside the rebranding proposal, the board approved an increase in the company's authorised share capital to ₹30 crore from the current ₹10 crore. The proposal will also require shareholder approval.

At present, the authorised share capital comprises 5 crore equity shares with a face value of ₹2 each. Following the proposed revision, the authorised share capital will consist of 15 crore equity shares of ₹2 each, taking the total authorised capital to ₹30 crore.

The company said the increase in authorised share capital will require a corresponding amendment to the capital clause of its Memorandum of Association.

Board Approvals Subject To Shareholder Nod

According to the filing, both the proposed name change and the increase in authorised share capital will be placed before shareholders for approval.

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The company stated that the actions are being undertaken in accordance with the provisions of the Companies Act, 2013 and the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015.

The proposed corporate changes come as the company prepares to expand its authorised equity base while pursuing a new corporate identity under the Hirect brand.

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