Hind Rectifiers (HIRECT) — Related Party Transaction

Hind Rectifiers Limited incorporated a wholly owned subsidiary, Hirect Global Holdings Limited, in Dubai International Financial Centre on June 25, 2026. The new entity will function as an investment holding company to oversee global investments. The incorporation was completed using cash consideration, with the parent company holding 100% of the subsidiary's authorized capital of AED 150,000 divided into 150 shares of AED 1,000 each. This move strengthens the company's international presence and strategic control over overseas investments.

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About Hind Rectifiers Limited (HIRECT)

Capital Goods · Industrial Manufacturing · Listed on NSE

Market Cap: ₹3,252.82 Cr P/E: 64.8

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Source: Stock Announcements. Analysis by StockFin.ai. For informational purposes only — not investment advice.

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