Ref. No. HIRECT/SEC/2022-23/12 May 26, ²⁰

BSE Limited Rotunda Building, Phiroz Jeejeebhoy Towers, Dalal Street, Mumbai 400 001 Maharashtra	Stock National Limited "Exchange Plaza" 5 Bandra Kurla Complex, Bandra (East) Mumbai 400 051	India of Exchange Floor, C-1, Block 'G'
Security Code No.: 504036	Symbol: HIRECT	Type of Security: Equity

Sub: Outcomes of the Board Meeting dated May 26, ²⁰²²

Audited Financial Results under Regulation 33 of SEBI Listing Regulations ²⁰¹⁵
1. Dividend and AGM
1. Re-appointment of Executive Director
1. Re-appointment of CFO (KMP)
1. ESOP 2018 Vesting of options
1. Updates on Incorporation of Subsidiaries

Dear Sir/ Madam,

In continuation of our letter dated May 18, 2022, we wish to inform you that the Board of Directors of the Company, at its meeting held today, has inter alia:

Approved the Audited Financial Statement for the year ended March 31, 2022 and the Audited Financial Result for the quarter/year ended March 31, 2022, as recommended by the Audit Committee.

We enclose audited financial results for the quarter/year ended March 31, 2022 along with Auditors' Reports with unmodified opinions on the aforesaid Audited Financial Results and declaration of CFO.

Recommended a Dividend @ 20% being Rs. 0.40 per equity share of Rs. 2/- each for the financial year ended March 31, 2022 subject to the approval of members in 64" Annual General Meeting (AGM).

The dividend, if approved by the members at the AGM, will be paid/ dispatched after the AGM and within 30 days of its declaration, subject to there being no lockdown restrictions.

The 64t AGM will be held on August 9, 2022.

HIND RECTIFIERS LIMITED

Based on the recommendation of the Nomination and Remuneration Committee, the Board considered and approved the re-appointment of Mrs. Akshada Nevatia (DIN: 05357438) as an Executive Director (Whole-time Director designated as "Executive Director") for the term from January 15, 2023 to January 14, 2026, subject to the approval of the Members of the Company at the 64 AGM. Her current tenure as an Executive Director will expire on January 14, 2023.

Mrs. Akshada Nevatia is not debarred from holding the office of Director by virtue of any order passed by SEBI or any other such authority.

Pursuant to SEBI Circular CIR/CFD/CMD/4/2015 dated September 9, 2015, the details of Mrs. Akshada Nevatia are enclosed herewith.

Based on the recommendation of the Nomination and Remuneration Committee, the Board considered and approved the continuation of office by/ re-appointment of Mr. A. K. Nemani as a Chief Financial Officer (Key Managerial Personnel). His current tenure as an employee is expiring on June 19, 2022 as per the Company's HR policy.

Pursuant to SEBI Circular CIR/ CFD/CMD/4/2015 dated September 9, 2015, the details of Mr. A. K. Nemani are enclosed herewith.

With reference to the ESOP 2018 and in terms of provisions of Regulation 30 of SEBI Listing Regulations, 2015, we would like to inform you that the Nomination and Remuneration Committee of Hind Rectifiers Limited has vested 23229 stock options to the eligible employees based on their performance. The same will be effective from June 10, 2022.
With reference to the decision of the Board in the meeting held on June 10, 2021 to incorporate subsidiaries, the Board has decided in today's Board Meeting that the incorporation of the wholly-owned subsidiary willbe done in the near future with an objective to leverage the growth opportunities in the service activities while the second subsidiary for e-commerce business activities will be deferred for the time being.

We request you to take the above on records and disseminate it.

Thanking you,

Yours Faithfully, For Hind Heclitiers Limited

Meenakshi Anchlia (Company Secretary & Compliance Officer)

Encl: As above

1. Financial results along with Audit Report and CFO certificate
1. Brief Profile of Mrs. Akshada Nevatia
1. Brief Profile of Mr. A. K. Nemani

° ° 10, Shriniket Apts, 23, Bajaj Road Ravi A. Shah & Associates Vile Parle West, Mumbai - 400056 Chartered Accountants +91 22 2613 5613 ; +91 98190 63558

INDEPENDENT AUDITOR'S REPORT ON AUDIT OF ANNUAL STANDALONE FINANCIAL RESULTS AND REVIEW OF QUARTERLY FINANCIAL RESULTS

TO BOARD OF DIRECTORS OF HIND RECTIFIERS LIMITED

Opinion and Conclusion

We have audited the Standalone Financial Results for the year ended March 31, 2022 and reviewed the Standalone Financial Results for the quarter ended March 31, 2022 (refer 'Other Matters' section below) which were subject to limited review by us, both included in the accompanying "Statement of Standalone Financial Results for the Quarter and Year Ended March 31, 2022" of HIND RECTIFIERS LIMITED ("the company") ("the statement") being submitted by the company pursuant to the requirement of Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 as amended ("the Listing Regulations").

(a) Opinion on Annual Financial Results

In our opinion and to the best of our information and according to the explanations given to us, the Standalone Financial Result for the year ended March 31, 2022:

(i) is presented in accordance with the requirements of Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 as amended; and
(ii) gives a true and fair view in conformity with the recognition and measurement principles laid down in the Indian Accounting Standards and other accounting principles generally accepted in India of the net profit and total comprehensive income and other financial information of the company for the year then ended

(b) Conclusion on Unaudited Standalone Financial Results for the quarter ended March 31, 2022

With respect to the Standalone Financial Results for the quarter ended March 31, 2022, based on our review conducted as stated in paragraph (b) of Auditor's Responsibilities section below, nothing has come to our attention that causes us to believe that the Standalone Financial Results for the quarter ended March 31, 2022, prepared in accordance with the recognition and measurement principles laid down in the Indian Accounting Standards and other accounting principles generally accepted in India, has not disclosed the information required to be disclosed in terms of Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, as amended, including the manner in which it is to be disclosed, or that it contains any material misstatement.

Basis for Opinion on the Audited Standalone Financial Results for the year ended March 31, 2022 We have conducted our audit in accordance with the Standards on Auditing (SAs) specified under Section 143(10) of the Act. Our responsibilities under those standards are further described in paragraph (a) of Auditor's Responsibilities section below. We are independent of the Company in accordance with the Code of Ethics issued by the Institute of Chartered Accountants of India ('ICAI') together with the ethical requirements that the relevant to our audit of the Standalone Financial Results for the year ended March 31, 2022 under the provisions of the Act and the rules there under and we have fulfilled our other ethical responsibilities in accordance with these requirements and the Code of Ethics. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion on the Standalone Financial Statements.

Management's Responsibilities for the Statement

This Statement which includes the Standalone Financial Results is the responsibility of the Company's Board of Directors and has been approved by them for the issuance. The Standalone Financial Results for the year ended March 31, 2022 has been compiled from the related audited standalone financial statements. This responsibility includes the preparation and presentation of the Standalone Financial Results for the quarter and year ended March 31, 2022 that give a true and fair view of the net profit and other comprehensive income and other financial information in accordance with the recognition and measurement principles laid down in the Indian Accounting Standards prescribed under Section 133 of the Act read with relevant rules issued thereunder and other accounting principles generally accepted in India and in compliance with Regulation 33 of the Listing Regulations. This responsibility also includes maintenance of adequate accounting records in accordance with the provisions of the Act for safeguarding the assets of the Company and for preventing and detecting frauds and other irregularities; selection and application of appropriate accounting policies; making judgments and estimates that are reasonable and prudent; and the design, implementation and maintenance of adequate internal financial controls that were operating effectively for ensuring the accuracy and completeness of the accounting records, relevant to the preparation and presentation of the Standalone Financial Results that give a true and fair view and is free from material misstatement, whether due to fraud or error.

In preparing the Standalone Financial Results, the Board of Directors are responsible for assessing the Company's ability, to continue as a going concern, disclosing, as applicable, matters related to going concern and using the going concern basis of accounting unless the Board of Directors either intends to liquidate the Company or to cease operations, or has no realistic alternative but to do so.

The Board of Directors are also responsible for overseeing the financial reporting process of the Company.

Auditor's Responsibilities

(a) Audit of the Standalone Financial Results for the year ended March 31, 2022

Our objectives are to obtain reasonable assurance about whether the Standalone Financial Results for the year ended March 31, 2022 as a whole is free from material misstatement, whether due to fraud or error, and to issue an auditor's report that includes our opinion. Reasonable assurance is a high level of assurance, but is not a guarantee that an audit conducted in accordance with SAs will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of this Standalone Financial Results.

As part of an audit in accordance with SAs, we exercise professional judgment and maintain professional skepticism throughout the audit. We also:

e dentify and assess the risks of material misstatement of the Annual Standalone Financial Results, whether due to fraud or error, design and perform audit procedures responsive to those risks, and obtain audit evidence that is sufficient and appropriate to provide a basis for our opinion. The risk of not detecting a material misstatement resulting from fraud is higher than for one resulting from error, as fraud may involve collusion, forgery, intentional omissions, misrepresentations, or the override of internal control.
© Obtain an understanding of internal control relevant to the audit in order to design audit procedures that are appropriate in the circumstances, but not for the purpose of expressing an opinion on the effectiveness of the Company's internal control.
e Evaluate the appropriateness of accounting policies used and the reasonableness of accounting estimates made by the Board of Directors.
e Evaluate the appropriateness and reasonableness of disclosures made by the Board of Directors in terms of the requirements specified under Regulation 33 of the Listing Regulations.
e Conclude on the appropriateness of the Board of Directors' use of the going concern basis of accounting and, based on the audit evidence obtained, whether a material uncertainty exists heed to events or conditions that may cast significant doubt on the ability of the Company to

continue as a going concern. If we conclude that a material uncertainty exists, we are required to draw attention in our auditor's report to the related disclosures in the Statement or, if such disclosures are inadequate, to modify our opinion. Our conclusions are based on the audit evidence obtained up to the date of our auditor's report. However, future events or conditions may cause the Company to cease to continue as a going concern.

e Evaluate the overall presentation, structure and content of the Annual Standalone Financial Results, including the disclosures, and whether the Annual Standalone Financial Results represent the underlying transactions and events in a manner that achieves fair presentation.
e Obtain sufficient appropriate audit evidence regarding the Annual Standalone Financial Results of the Company to express an opinion on the Annual Standalone Financial Results.

Materiality is the magnitude of misstatements in the Annual Standalone Financial Results that, individually or in aggregate, makes it probable that the economic decisions of a reasonably knowledgeable user of the Annual Standalone Financial Results may be influenced. We consider quantitative materiality and qualitative factors in (i) planning the scope of our audit work and in evaluating the results of our work; and (ii) to evaluate the effect of any identified misstatements in the Annual Standalone Financial Results.

We communicate with those charged with governance regarding, among other matters, the planned scope and timing of the audit and significant audit findings including any significant deficiencies in internal control that we identify during our audit.

We also provide those charged with governance with a statement that we have complied with relevant ethical requirements regarding independence, and to communicate with them all relationships and other matters that may reasonably be thought to bear on our independence, and where applicable, related safeguards.

(b) Review of the Standalone Financial Results for the quarter ended March 31, 2022.

We conducted our review of the Standalone Financial Results for the quarter ended March 31, 2022, in accordance with the Standard on Review Engagements ("SRE") 2410 'Review of Interim Financial Information Performed by the Independent Auditor of the Entity', issued by the ICAI. A review of interim financial information consists of making inquiries, primarily of the Company's personnel responsible for financial and accounting matters, and applying analytical and other review procedures. A review is substantially less in scope than an audit conducted in accordance with SAs specified under section 143(10) of the Act and consequently does not enable us to obtain assurance that we would become aware of all significant matters that might be identified in an audit. Accordingly, we do not express an audit opinion.

Other Matters

e The Statement includes the results for the Quarter ended March 31, 2022, being the balancing figure between audited figures in respect of the full financial year and the published year to date figures up to the third quarter of the current financial year which were subject to limited review by us. Our report on the Statement is not modified in respect of this matter

UDIN: 22116667AJQMNV5724 for RAVI A. SHAH & ASSOCIATES Chartered Accountants Firm Regn.No. 125079W

Wi A. Shah;Pfoprietor lembership No. 116667 v umbai, May 26, 2022

STATEMENT OF AUDITED FINANCIAL RESULTS FOR THE YEAR ENDED 31ST MARCH 2022

			Address		: Lake Road, Bhandup (W), Mumbai - 400078.
			Tel. Email	: +91-22-25696789	: [email protected] / [email protected]	Fax: +91-22-25964114
	HIND RECTIFIERS LIMITED		CIN Website	: > www.hirect.com	L28900MH1958PLC011077

	STATEMENT OF AUDITED FINANCIAL RESULTS FOR THE YEAR ENDED 31ST MARCH 2022
					{Rs. in Lakhs)
Sr. No	Particulars		For the Quarter ended on		For the year ended
		31.03.22 (Audited)	31.12.21 (Unaudited)	31.03.21 (Audited)	31.03.22 (Audited)	31.03.21 (Audited)
1 a	{Income Revenue from operations	10,234.07	9,418.51	7,556.86	37,210.06	30,509.71
b	[Other income	15.91	4.09	9.76	34.38	35.74
2	Total income Expenses	10,249.98	9,422.60	7,566.62	37,244.44	30,545.45
a	Cost of materials consumed	8,822.17	6,761.23	6,245.93}	28,931.29	22,897.48
b c	__ Purchases of stock-in-trade Changes in inventories of finished	7 (522.49)	= 632.26	= (369.21)	- (98.00)	: 668.67
	goods, work-in-progress and stock-in trade
	Employee benefit expense	890.31	946.18	823.30	3,664.40	3,274.07
	Finance costs Depreciation and amortisation expense	176.12 121.16	167.06 114.22	209.72 104.79	688.13 449.12	871.54 382.50
	Other Expenses	545.95	612.80	439.04	2,493.30	1,714.92
g	Total expenses	10,033.22	_ 9,233.75	7,453.57	36,128.24	29,809.18
3	{Profit/(Loss) before exceptional items and tax	216.76	188.85	113.05	1,116.20	736.27
4	\Exceptional items	:	:	:	:	-
5 _ 6	jProfit/(Loss) before tax {Tax expense	216.76	188.85	113.05	1,116.20	736.27
a	{Current tax	(53.25)	89.07	31.27	313.02	170.17
b 7	Deferred tax Net Profit/ (Loss) after tax	113.68 156.33	(31.36) 131.14	(3.57) 85.35	23.33 779.85	32.96 533.14
8	Other comprehensive income/ (loss)
	Items that will not be reclassified to profit and loss in subsequent period

	(i) Actuarial Gains/(Loss) on post-	32.28	(2.10)	10.82	14.18	17.56
	employment defined benefit plan (ii)Tax on Above	(9.40)	0.61)	(2.93)	(4.13)	, (4.89)
	Total Comprehensive income for	179.21	129.65	93.24	789.90	545.81
9	period Details of equity share capital
10		331.27	BBE27	331.27	331.27	331.27
	Paid-up equity share capital of Rs. 2				10,412.68	9,645.85
11	each [Reserves excluding revaluation reserve
12	Earnings per equity share
	Basic Diluted	0.95 0.94	0.79 0.79	0.52 0.52	471 4.68	3.22 3.22

BALANCE SHEET AS AT 31ST MAR, 2022

			(Rs, In lakhs)
	Sr. No Particulars	As at	Asat
		31st Mar 2022	31st Mar 2021
	ASSETS	(Audited)	(Audited)

1	Non Current Assets
a,	Property, Plant and Equipment	4,036.65)	3,561.60)
b.	Capital Work in Progress	1,768.84	869.36
c.	[Intangible Assets	769.98	499.54
	d. — Intangible Assets under Development	1,026.19	1,115.76
e.	[Financial Assets
	i. Investments ii. Loans	12.75)	10.25 0.63
	iii. Others	9.03 94.37	102.44
	Deferred tax Assets (net)	243,31	387,58
	Other Non Current Assets	219.87	86.09
		8,171.99	6,633.25)
2	Current Assets
a,	Inventories	7,702.12.	6,853 97
b.	Financial Assets
	ii, Trade Receivables iii. Cash and Cash equivalents	6,777.97 26.76	8,774.37 12.27
	iv. Other Bank Balances	107.45	150.16
	v. Loans	0,49	0.65
	vii. Others	515.48)	814.17
c.	Current Tax Assets (Net)	73,49}	34.38
d.	Other current Assets	1,182.73	768.73
		16,386.49}	17,408.70
3	[Assets held for Sale	57.84	57.84
	TOTAL ASSETS	24,616.32	24,099.79
YL	EQUITY AND LIABILITIES
	Equity
1 a,	Equity Share Capital	331.27	331.27
b.	Other Equity	10,412.68}	9,645.85
		10,743.95	9,977.12
2	Liabilities
	Non Current Liabilities
a,	Financial Liabilities 1, Borrowings	2,088.33}	1,125.18
	ia, Lease liabilities	14,52
	ii, Other Financial Liabilities	18.25)	18.25
b.	[Provisions	526.70	532.00
		2,647.80)	1,675.43
	Current Liabilities Financial Liabilities
a,	i, Borrowings	5,375.76;	7,250.48
	ia, Lease liabilities	20.38
	ii, Trade Payables
	a. total outstanding dues of micro and small enterprises	60.27	173.27
	b. total outstanding dues of creditors other than micro
	and small enterprises	4,701.40	4,015.86
	iti, Other Financial Liabilities {Other Current Liabilities	576.88 246.04	571.98 239.68
b, c.	Provisions	243.19	195,97
d.	Current Tax Liabilities	0.65
	eh	11,224.57	12,447.24
	TOTAL EQUITY AND LIABILITIES

TOTAL EQUITY AND LIABILITIES 24,616.32 24,099.79)

STATEMENT OF CASH FLOW FOR THE YEAR ENDED 31ST MARCH, 2022

	Tel. Email CIN		: +91-22-25696789 Fax : +91-22-25964114 : [email protected] / [email protected] L28900MH1958PLC011077 :
HIND	RECTIFIERS LIMITED	Website:	www.hirect.com
	STATEMENT OF CASH FLOW FOR THE YEAR ENDED 31ST MARCH, 2022
	Particulars		Year ended 3ist March, 2022 (Audited)	{Rs. in lakhs) Year ended 31st March, 2022 (Audited)
A	CASH FLOW FROM OPERATING ACTIVITIES
	Net Profit/(Loss) Before Exceptional Item		1,116.20	736,27
	Add: Exceptional Items		a	-
	Net Profit/(Loss) After Exceptional Item		1,116.20	736.27
	Adjusted for
	Depreciation & Amortization Expense		449.12	382.50
	Investment Income		(13.26)	(19.39)
	Interest Charged		688.13	871.54
	Operating Profit before Working Capital Changes		2,240.19	1,970.92
	Changes in
	Trade & Other Receivables		1,756.38	229.73
	Inventories		(848.15)	73.01
	Trade & Other Payables		712.82	83.88
	Cash Generated from Operations		1,621.05 3,861.24	386.62 2,357.54

	Direct Taxes Paid		(234.67)	(186.67)
	Net Cash from Operating Activities		3,626.57	2,170.87
B.	CASH FLOW FROM INVESTING ACTIVITIES
	Purchase of Property, Plant and Equipment, Capital Work in Progress,
	Intangible Assets and Intangible Assets under development		(2,007.42)	(1,328.48)
	Proceeds from disposal of Property, Plant and Equipment		2.90	0.77
	Proceeds of Non Current Investments		2	600.00
	Purchases of Non Current Investments		(2.50)	-
	Dividend paid		(66.25)	(132.51)
	Interest Received		12.27	22.17
	Dividend Received		0.75	-
	Net Cash used in Investing Activities		(2,060.25)	(838.05)
c	CASH FLOW FROM FINANCING ACTIVITIES
	Net Proceeds from Borrowings		(911.57)	(601.63)
	interest Paid		(682.97)	(871.77)
	Net Cash used in Financing Activities		(1,594.54)	(1,473.40)
	Net Changes in Cash & Cash Equivalents (A+B+C)		(28.22)	(140.58)
	Cash & Cash Equivalents - Opening Balance		162.43	303.01
	Cash & Cash Equivalents - Closing Balance		134.21	162.43

Notes :

1) The above results of the Company, which have been subjected to an audit by the Statutory Auditors of the Company, have been reviewed by the Audit Committee and taken on record by the Board of Directors at their respective meetings held on 26th May 2022. There are no qualifications in the audit report issued for the year ended 31st March, 2022.

2) The above results, published in accordance with Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, have been prepared in accordance with Indian Accounting Standards (IND AS) notified under section 133 of the Companies Act, 2013 read with relevant rules thereunder and other accounting principles generally accepted in India along with guidelines issued by the Securities and Exchange Board of India (SEBI).

3) In view of the MAT Credit available, the Company has not exercised the non revisable option permitted under section 115BAA of the Income Tax Act, 1961 as introduced by the Taxation Law (Amendment) Ordinance, 2019

4) The Company operates in a single segment as per Indian Accounting Standard (Ind AS) 108.

5) The Board of Directors have recommended a dividend of Rs. 0+4¢ Per equity share of Rs. 2/- each (Previous year Rs. 0.40 Per equity share of Rs. 2/- each). The same is subject to the approval of members of the company in the ensuing Annual General Meeting.

6) The figures for the quarters ended 31 March 2022 and 31 March 2021 are the balancing figures between the audited figures in respect of the full financial years and the published year to date figures up to the third quarter of the respective financial years.

7) The figures for the corresponding previous periods have been regrouped / restated, wherever necessary to conform with the current period's classification.

Place : Mumbai —SURAMYA NEVATIA

Dated: 26th May 2022 MANAGING DIRECTOR & CEO

May 26, 2022

BSE Limited	Exchange National Stock India of
Rotunda Building,	Limited
Phiroz Jeejeebhoy Towers,	"Exchange Plaza" 5'* Floor, C-1, Block
Dalal Street, Mumbai	'@'
400 001 Maharashtra	Bandra Kurla Complex,
	Bandra (East) Mumbai 400 051

Security Code No. 504036/HIRECT Type of Security: Equity

Sub: Declaration pursuant to Regulation 33(3)(d) of the SEBI Listing Regulations

Declaration

L, A. K. Nemani, Chief Financial Officer of Hind Rectifiers Limited, Registered Office at Lake Road, Bhandup West, Mumbai, 400078 Maharashtra, hereby declare that the Statutory Auditor of the Company, M/s Ravi A. Shah & Associates (FRN-125079W) has issued an Audit Report with an unmodified opinion on the Annual Audited Financial Results of the Company (Standalone) for the year ended March 31, 2022.

This declaration is given in compliance with Regulation 33(3)(d) of the SEBI Listing Regulations and SEBI Circular No. CIR/CFD/ CMD/56/2016 dated May 27, 2016.

Request you to take this declaration on records.

Thanking you,

Yours Faithfully,

For Hind Rectifiers Limited

r A. K. Nemani Chief Financial Officer

RECTIFIERS LIMITED
Name of Director	Mrs. Akshada Nevatia (DIN: 05357438)
Reason for change viz. appointment, ion, :	Akshada appointment Nevatia's term present Mrs. the of as Executive of business hours Director expire on close will the at January 14, 2023.
removal death, or otherwise	recommendation pursuant Board The Directors, the of of to Nomination and Remuneration Committee at its meeting held on May Akshada approved re-appointment Mrs. 2022, the 26, of Nevatia as an Executive Director (Whole-time Director designated as "Executive Director") of the Company for a further term of three (3) years with effect from January 15, 2023 up to January 14, 2026. This re-appointment is subject to the approval of shareholders at the 64'* Annual General Meeting of the Company.
Date of appointment/ cessation fas	Re-appointment w.e.f. january 15, 2023.
appleable} Term of	Executive Director, liable to retire by rotation. Re-appointment for a
appointment	years commencing from January 15, term of 3 2023 up to (three) January 14, 2026.
Brief Profile	Akshada Graduation Nevatia (DIN: 05357438) has done Mrs. in Psychology from Masters Pune, and College, Clinical S.P. in Psychology Fergusson College, from done her, Pune. She has also Managed Diploma Family Business from Institute, Jain in P. S. Mumbai.
	She is having approximately five years of experience in Darode Jog served Properties Industry. She Real Estate then the as in Management Corporate in Hind Rectifiers Limited from June 2015 to} January 2017. She is associated with our Company as an Executive! Director w.e.f. January 15, 2017 and was a member of the Corporate a Social Responsibility Committee of the Board. She currently serves as member Report Committee Business Responsibility of the a BRSR Committee) and Executive Committee.
	Mrs. Nevatia is having approximately five years of experience in the construction industry. She has more than twelve years of experience General Corporate entrepreneur. is looking and She an after as Governance Corporate involved and financial, the in all is accounting, and Banking matters of the Company. She understands employees, viewpoints of customers, need and partners, the governments, 'Promoter and stakeholders. She Group) other is the entity' of the Company.
Disclosure of relationship between Directors	Suramya Managing Director spouse Nevatia, She is the of Mr. & CEO of the Company.

HIND RECTIFIERS LIMITED

IName of Chief Financial Officer (KMP)	Mr. A. K. Nemani
Reason for change viz. appointment, resienation; removal-death; or	Nemani, present Chief Financial term Mr. Officer's A. K. of appointment as an employee will expire at the close of business hours on June 19, 2022 as per the HR policy of the Company.
otherwise	The Board of Directors, pursuant to the recommendation of the Nomination and Remuneration Committee at its meeting held May approved continuation by/ 26, 2022, on of office the re Nemani as a Chief Financial Officer appointment of Mr. A. K. (Key Managerial Personnel).
Date of appointment/ —_	Re-appointment/ continuation of office w.e.f. June 20, 2022.
applicable} Term of	Mr. A. K. Nemani, senior management personnel, will continue
appointment	(KMP) Nomination Chief Financial and Officer per the as as Remuneration Policy of the Company and the discretion power of the Board to retain the KMP on the recommendation of the Nomination and Remuneration Committee.
Brief Profile	Nemani of B.Com, Chartered degree holds Mr. A. K. a Accountant, and Cost & Management Accounts. He has over 39 years of rich and exhaustive experience in accounts and finance.
	Company's accounting He oversees including practices, the departments, accounting preparing budgets, financial reports, tax and audit functions, Directs financial strategy, planning, and investment supervises and funds forecasts, raising for of business, studies, analyzes and reports on trends, opportunities for expansion and projection of future company growth.
	Management member BRSR Committee He and Risk of is a Committee and a permanent invitee of the Audit Committee of the Company.
Disclosure of relationship between	NA
Directors (in case of appointment of a
director).

AI assistant

Hind Rectifiers Ltd. Annual Report 2022