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Hirect MD, chairman, board of directors and AGM

NSE: HIRECTBSE: 504036Industrial ManufacturingSmall Cap

Formerly Hind Rectifiers
Last close ₹985.60down ₹36.70 (3.59%)BSE ₹985.75

Share price at the NSE close on 23 Oct 2026. Previous close ₹1,022.30.

52-week range of traded prices to 23 Oct 2026
₹565.20Low, 27 Jan 2026₹1,399.00High, 16 Jul 2026
Market cap
₹3,495 Cr997th largest listed
P/E
83.9
P/B
16.8
Dividend yield
0.14%
ROE
22.6%
ROCE
12.9%
Debt to equity
1.15
Volume, NSE
52,42136.6% delivered

Hirect board of directors

At the end of the quarter to Sep 2026, as the company filed it; changes since are in its announcements.Their trades in its shares

  • Chairperson and managing directorSuramya Saurabh Nevatia
  • Company Secretary and Compliance OfficerSuhas Pawar

8 directors4 independent3 executive1 non-executive

  • Suramya Saurabh Nevatia · Chairperson and managing directorExecutive · joined Aug 2020 · reappointed Aug 2026 · 1 listed board · 1 committee seat
  • Akshada Suramya NevatiaExecutive · joined Jan 2017 · reappointed Jan 2026 · 1 listed board
  • Parimal Rameshchandra MerchantNon-executive · joined Feb 2013 · reappointed Aug 2023 · 1 listed board · 2 committee seats, 1 as chair
  • Vandan Sitaram ShahIndependent · joined Jan 2017 · reappointed Feb 2026 · 116 months as independent · 2 listed boards · 2 as independent · 3 committee seats, 2 as chair
  • Ashlesha R BodasIndependent · joined Jun 2020 · reappointed Jun 2025 · 75 months as independent · 1 listed board · 1 as independent · 1 committee seat
  • Vishal PacheriwalaIndependent · joined May 2024 · reappointed May 2024 · 28 months as independent · 1 listed board · 1 as independent · 2 committee seats
  • Anil Kumar NemaniExecutive · joined Aug 2026 · 1 listed board
  • Rahul RaiIndependent · joined Aug 2026 · 1 month as independent · 1 listed board · 1 as independent · 1 committee seat

An independent director has no business or family tie to the company, its promoters or its managers beyond the seat. Listed boards counts the boards of listed companies the director sits on, this one included, and "as independent" how many of those seats are independent ones. Committee seats are audit and stakeholder committee seats across those companies. Months as independent is filed for independent directors only, whose terms the rules cap. Disqualified is the company's own mark that a director may not serve under company law.

Committees and meetings

Who sits on each, and how often they met.Board meeting notices and outcomes

  • Board

    • 11 Aug 20267 of 8 present3 independent · 13 days in between
    • 28 Jul 20265 of 6 present3 independent · 47 days in between
    • 10 Jun 20266 of 6 present3 independent · 24 days in between
    • 16 May 20265 of 6 present2 independent

  • Audit Committee

    Chair Vandan Sitaram Shah

    Parimal Rameshchandra Merchant, Vishal Pacheriwala, Ashlesha R Bodas, Rahul Rai

    • 11 Aug 20263 of 4 present2 independent · 13 days in between
    • 28 Jul 20263 of 4 present3 independent · 72 days in between
    • 16 May 20263 of 4 present2 independent

  • Nomination and remuneration committee

    Chair Vandan Sitaram Shah

    Parimal Rameshchandra Merchant, Vishal Pacheriwala

    • 11 Aug 20263 of 3 present2 independent · 86 days in between
    • 16 May 20262 of 3 present1 independent

  • Stakeholders Relationship Committee

    Chair Parimal Rameshchandra Merchant

    Suramya Saurabh Nevatia, Vishal Pacheriwala

    • 16 May 20263 of 3 present1 independent

  • Corporate Social Responsibility Committee

    Chair Vishal Pacheriwala

    Suramya Saurabh Nevatia, Akshada Suramya Nevatia

    • 11 Aug 20263 of 3 present1 independent · 86 days in between
    • 16 May 20263 of 3 present1 independent

Meetings in the quarter filed and the one before it. The days in between are as the company files them, neither meeting's day counted; the rules allow at most 120. A quorum is the least number of members who must attend for the meeting to decide anything.

Statutory auditor

Named in the results for the quarter to Mar 2026.

  • GMJ AND COPeer-review certificate valid to Mar 2027

A statutory auditor checks the company's accounts and signs its results. Peer review is the accountants' institute's check of an audit firm's own work, which a listed company's auditor must hold a valid certificate of.

Hirect AGM and shareholder votes

Each resolution, how the votes went, and how institutions voted apart from the promoters. A postal ballot is a vote by post or online, held without a meeting.Hirect dividend history

Postal ballot, 3 Oct 2026

22,865 shareholders on the register on 28 Aug 2026; votes counted by Mr. Mahesh Soni / M/s GMJ & Associates.The company's voting result (opens in a new tab)

  1. Appointment of Mr. Rahul Rai (DIN: 10651078) as an Independent Director of the Company for the first term of 5 consecutive years.
    Special
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.04%

    Turnout: all 41.19% · promoters 91.64% · institutions 1.33% · other public 4.29%

  2. Appointment of Mr. Anil Kumar Nemani (DIN: 05210724) as a Director of the Company.
    Ordinary
    99.86% for0.14% against

    Against: promoters 0.00% · institutions 42.25% · other public 0.02%

    Turnout: all 41.18% · promoters 91.64% · institutions 1.33% · other public 4.28%

  3. Appointment of Mr. Anil Kumar Nemani (DIN: 05210724) as a WholeTime Director, to be designated as Executive Director and Chief Financial Officer of the Company for a period of 3 years
    SpecialPromoters have an interest in it
    99.86% for0.14% against

    Against: promoters 0.00% · institutions 42.25% · other public 0.02%

    Turnout: all 41.18% · promoters 91.64% · institutions 1.33% · other public 4.28%

  4. Approval for extending the timeline for utilization of funds raised by issuance of equity warrants through Preferential Issue.
    Special
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.04%

    Turnout: all 41.18% · promoters 91.64% · institutions 1.33% · other public 4.28%

For and against are per cent of the votes cast. Turnout is the votes cast as a per cent of the shares each group holds. Institutions are funds, insurers, banks and foreign investors. An ordinary resolution passes with more than half the votes cast, a special one with at least three quarters.

Annual general meeting, 11 Aug 2026, 6 resolutions

23,090 shareholders on the register on 4 Aug 2026; present: 6 promoters and 45 others; votes counted by Mahesh Soni / M/s. GMJ & Associates.The company's voting result (opens in a new tab)

  1. To receive, consider and adopt (a) the audited standalone financial statement of the Company for the financial year ended March 31, 2026, and the reports of the Board of Directors and Auditors thereon; and (b) the audited consolidated financial statement of the Company for the financial year ended March 31, 2026 and the report of Auditors thereon.MoreLess
    Ordinary
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.01%

    Turnout: all 51.08% · promoters 100.00% · institutions 62.95% · other public 4.76%

  2. To declare dividend on equity shares for the financial year ended March 31, 2026.
    Ordinary
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.01%

    Turnout: all 51.08% · promoters 100.00% · institutions 62.95% · other public 4.76%

  3. To appoint a director in place of Mr. Parimal Merchant (DIN: 00201962), who retires by rotation and, being eligible, offers himself for re-appointment.
    Ordinary
    99.94% for0.06% against

    Against: promoters 0.00% · institutions 0.50% · other public 0.01%

    Turnout: all 51.08% · promoters 100.00% · institutions 62.95% · other public 4.76%

  4. Ratification of Remuneration payable to Cost Auditors for the financial year 2026-27
    Ordinary
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.01%

    Turnout: all 51.08% · promoters 100.00% · institutions 62.95% · other public 4.76%

  5. Re-appointment of Mr. Suramya Nevatia (DIN:06703910) as the Managing Director for a period of 3 years w.e.f August 17, 2026.
    SpecialPromoters have an interest in it
    99.98% for0.02% against

    Against: promoters 0.00% · institutions 0.13% · other public 0.01%

    Turnout: all 51.08% · promoters 100.00% · institutions 62.95% · other public 4.76%

  6. Revision in remuneration payable to Mrs. Akshada Nevatia (DIN:05357438), Executive Director during the existing tenure and change in terms of appointment.
    SpecialPromoters have an interest in it
    87.81% for12.19% against

    Against: promoters 0.00% · institutions 99.87% · other public 0.02%

    Turnout: all 51.08% · promoters 100.00% · institutions 62.95% · other public 4.76%

For and against are per cent of the votes cast. Turnout is the votes cast as a per cent of the shares each group holds. Institutions are funds, insurers, banks and foreign investors. An ordinary resolution passes with more than half the votes cast, a special one with at least three quarters.

Postal ballot, 10 Jul 2026, 4 resolutions

22,610 shareholders on the register on 5 Jun 2026; votes counted by Mahesh Soni / M/s. GMJ & Associates.The company's voting result (opens in a new tab)

  1. CHANGE OF NAME OF THE COMPANY FROM 'HIND RECTIFIERS LIMITED' TO 'HIRECT LIMITED' AND CONSEQUENT AMENDMENTS TO THE MEMORANDUM AND ARTICLES OF ASSOCIATION OF THE COMPANY
    Special
    99.99% for0.01% against

    Against: promoters 0.00% · institutions 0.00% · other public 2.77%

    Turnout: all 50.39% · promoters 100.00% · institutions 91.47% · other public 0.39%

  2. INCREASE IN AUTHORISED SHARE CAPITAL OF THE COMPANY AND CONSEQUENT ALTERATION TO THE CAPITAL CLAUSE OF MEMORANDUM OF ASSOCIATION OF THE COMPANY
    Ordinary
    99.93% for0.07% against

    Against: promoters 0.00% · institutions 0.52% · other public 2.44%

    Turnout: all 50.39% · promoters 100.00% · institutions 91.47% · other public 0.39%

  3. INCREASE IN BORROWING LIMITS OF THE COMPANY UNDER SECTION 180(1)(C) OF THE COMPANIES ACT, 2013
    Special
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.19%

    Turnout: all 50.39% · promoters 100.00% · institutions 91.47% · other public 0.39%

  4. CREATION OF MORTGAGE AND/OR CHARGE ON ALL OR ANY OF THE MOVABLE AND/OR IMMOVABLE PROPERTIES OF THE COMPANY UNDER SECTION 180 (1)(A) OF THE COMPANIES ACT, 2013
    Special
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.17%

    Turnout: all 50.48% · promoters 100.00% · institutions 91.47% · other public 0.57%

For and against are per cent of the votes cast. Turnout is the votes cast as a per cent of the shares each group holds. Institutions are funds, insurers, banks and foreign investors. An ordinary resolution passes with more than half the votes cast, a special one with at least three quarters.

Postal ballot, 15 Jun 2026, 2 resolutions

21,561 shareholders on the register on 8 May 2026; votes counted by Mahesh Soni / M/s. GMJ & Associates.The company's voting result (opens in a new tab)

  1. Granting of loan to Elventive France SAS, subsidiary company
    Special
    99.99% for0.01% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.29%

    Turnout: all 100.00% · promoters 100.00% · institutions 100.00% · other public 100.00%

  2. To consider and approve issue of equity shares on preferential basis to the identified person and other matters related thereto
    Special
    99.97% for0.03% against

    Against: promoters 0.00% · institutions 0.14% · other public 0.29%

    Turnout: all 100.00% · promoters 100.00% · institutions 100.00% · other public 100.00%

For and against are per cent of the votes cast. Turnout is the votes cast as a per cent of the shares each group holds. Institutions are funds, insurers, banks and foreign investors. An ordinary resolution passes with more than half the votes cast, a special one with at least three quarters.

Postal ballot, 19 Mar 2026, 1 resolution

23,234 shareholders on the register on 13 Feb 2026; votes counted by Mahesh Soni / M/s. GMJ & Associates.The company's voting result (opens in a new tab)

  1. APPROVAL FOR THE ISSUANCE OF BONUS SHARES
    OrdinaryPromoters have an interest in it
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.02%

    Turnout: all 99.90% · promoters 100.00% · institutions 100.00% · other public 98.07%

For and against are per cent of the votes cast. Turnout is the votes cast as a per cent of the shares each group holds. Institutions are funds, insurers, banks and foreign investors. An ordinary resolution passes with more than half the votes cast, a special one with at least three quarters.

Postal ballot, 28 Aug 2025, 1 resolution

19,894 shareholders on the register on 25 Jul 2025; votes counted by MAHESH SONI / GMJ AND ASSOCIATES.The company's voting result (opens in a new tab)

  1. TO CONSIDER AND APPROVE ISSUE OF EQUITY WARRANTS ON PREFERENTIAL BASIS TO CERTAIN IDENTIFIED PERSONS AND OTHER MATTERS RELATED THERETO
    SpecialPromoters have an interest in it
    99.99% for0.01% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.08%

    Turnout: all 54.06% · promoters 95.29% · institutions 97.91% · other public 12.02%

For and against are per cent of the votes cast. Turnout is the votes cast as a per cent of the shares each group holds. Institutions are funds, insurers, banks and foreign investors. An ordinary resolution passes with more than half the votes cast, a special one with at least three quarters.

Annual general meeting, 29 Jul 2025, 8 resolutions

20,019 shareholders on the register on 22 Aug 2025; present: 75,48,861 promoters and 1,71,62,724 others; votes counted by MAHESH SONI / GMJ & ASSOCIATES.The company's voting result (opens in a new tab)

  1. To consider and adopt (a) the audited financial statement of the Company for the financial year ended March 31, 2025, and the reports of the Board of Directors and Auditors thereon; and (b) the audited consolidated financial statement of the Company for the financial year ended March 31, 2025 and the report of Auditors thereonMoreLess
    Ordinary
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.00%

    Turnout: all 54.48% · promoters 95.29% · institutions 97.61% · other public 12.87%

  2. To declare dividend on equity shares for the financial year ended March 31, 2025
    Ordinary
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.00%

    Turnout: all 54.48% · promoters 95.29% · institutions 97.61% · other public 12.87%

  3. To appoint a director in place of Mr. Parimal Merchant DIN 00201962, who retires by rotation and, being eligible, offers himself for reappointment
    Ordinary
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.01%

    Turnout: all 54.48% · promoters 95.29% · institutions 97.61% · other public 12.87%

  4. Ratification of Remuneration to Cost Auditors
    Ordinary
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.00%

    Turnout: all 54.48% · promoters 95.29% · institutions 97.61% · other public 12.87%

  5. Reappointment of Mrs. Ashlesha Bodas DIN 00935512 as an Independent Director of the Company
    Special
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.01%

    Turnout: all 54.48% · promoters 95.29% · institutions 97.61% · other public 12.87%

  6. Reappointment of Mr. Vandan Shah DIN 00759570 as an Independent Director of the Company
    Special
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.01%

    Turnout: all 54.48% · promoters 95.29% · institutions 97.61% · other public 12.87%

  7. Reappointment of Mrs. Akshada Nevatia DIN 05357438 as an Executive Director and Approval of Remuneration
    SpecialPromoters have an interest in it
    88.66% for11.34% against

    Against: promoters 0.00% · institutions 100.00% · other public 0.01%

    Turnout: all 54.41% · promoters 95.14% · institutions 97.61% · other public 12.87%

  8. To appoint Secretarial Auditors of the Company
    Ordinary
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.00%

    Turnout: all 54.48% · promoters 95.29% · institutions 97.61% · other public 12.87%

For and against are per cent of the votes cast. Turnout is the votes cast as a per cent of the shares each group holds. Institutions are funds, insurers, banks and foreign investors. An ordinary resolution passes with more than half the votes cast, a special one with at least three quarters.

Postal ballot, 29 Mar 2025, 2 resolutions

18,252 shareholders on the register on 21 Feb 2025; votes counted by MAHESH SONI / GMJ & ASSOCIATES.The company's voting result (opens in a new tab)

  1. TO APPROVE THE PAYMENT OF MANAGERIAL REMUNERATION TO MR. SURAMYA NEVATIA, CHAIRMAN & MANAGING DIRECTOR (CEO-KMP) (DIN: 06703910) FOR CURRENT TENURE OF HIS APPOINTMENT I.E. TILL 16TH AUGUST, 2026:
    SpecialPromoters have an interest in it
    99.99% for0.01% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.04%

    Turnout: all 52.67% · promoters 100.00% · institutions 0.00% · other public 17.44%

  2. TO APPROVE THE PAYMENT OF MANAGERIAL REMUNERATION TO MRS. AKSHADA NEVATIA, EXECUTIVE DIRECTOR (DIN: 05357438) FOR CURRENT TENURE OF HER APPOINTMENT I.E. TILL 14TH JANUARY 2026
    SpecialPromoters have an interest in it
    99.99% for0.01% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.04%

    Turnout: all 52.67% · promoters 100.00% · institutions 0.00% · other public 17.44%

For and against are per cent of the votes cast. Turnout is the votes cast as a per cent of the shares each group holds. Institutions are funds, insurers, banks and foreign investors. An ordinary resolution passes with more than half the votes cast, a special one with at least three quarters.

Stakes in unlisted companies

Reported in the filing for the quarter to Sep 2026.

  • Unlisted stake heldCoincade Studios Private LimitedSince 4 Aug 2026

    0.00% bought in the quarter; holding 100.00%, from 100.00%

  • Unlisted stake heldCoincade Studios Private LimitedSince 30 Sep 2026

    0.00% bought in the quarter; holding 100.00%, from 100.00%

Investor complaints and compliance

Quarter by quarter.

Investor complaints received and resolved, the company's own count

  • Received
  • Resolved

Open at the quarter's end

None open at any quarter's end.
The board is made up as the listing rules require
Yes
The board has a regular chairperson
Yes
The company has a risk management committee
No
The chair is related to the managing director
Yes
The filing has a part on fines and penalties
No
The filing has a part on tax disputes
No
There was a cyber security incident in the quarter
No

The company's own answers in its filing.

How money raised was used

Reported for the quarter to Jun 2026. A preferential issue sells new shares to chosen investors rather than to the public. A warrant or partly paid issue plans the whole issue while the money comes in over time, so the amount set aside can be more than raised so far. A statement's amounts are left out where the raise it states is more than ten times everything the company owns, a figure typed at the wrong scale.

RaisedAmount raisedForSet asideSpentSpent elsewhere
Preferential IssuesJul 2025–Procurement of machinery (Initial Phase) 25%––No
Preferential IssuesJul 2025–The balance 75% will be used for: i. Purchase of a land and/ or building for manufacturing units and/or ii. Procurement of machinery and/or office equipment.––No
₹ crore. Checked by is the agency appointed to monitor how the money is used. The reason and the comments are the company's, its audit committee's and its auditors' own words.