Hind Rectifiers Ltd. — Capital/Financing Update 2025

Apr 16, 2025

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Ref No. HIRECT/SEC/2025-26/2

April 16, 2025

BSE Limited National Stock Exchange of India Limited Rotunda Building, “Exchange Plaza” 5t Floor, C-1, Block ‘G Phiroz Jeejeebhoy Towers, Bandra Kurla Complex, Dalal Street, Mumbai 400 001 Bandra (East) Mumbai 400 051 Maharashtra Maharashtra

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

Subject: Intimation under Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 – Incorporation of a Subsidiary Company

Dear Sir/Madam,

This is to inform that a subsidiary company with the name COINCADE STUDIOS PRIVATE LIMITED is incorporated on April 15, 2025 as a wholly-owned subsidiary of Hind Rectifiers Limited.

Particulars of the disclosure required under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 and Part A of Schedule III are provided in the Annexure.

Kindly take the same on record.

Thanking you,

Yours faithfully,

For Hind Rectifiers Limited

Meenakshi Digitally signed by Meenakshi Anchlia Anchlia Date: 2025.04.16 09:09:09 +05'30' Meenakshi Anchlia

(Company Secretary & Compliance Officer)

Encl: As above

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Annexure

Disclosure under sub-para (1) i.e. Acquisition(s) (including agreement to acquire) of Para (A) of Part (A) of Schedule III to the Regulation 30 SEBI (Listing Obligation and Disclosure Requirements) Regulations, 2015

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----- Start of picture text ----- S. No. Particulars Information1. Name of the target entity, details in Name: COINCADE STUDIOSbrief such as size, turnover etc. PRIVATE LIMITEDCountry of Incorporation: IndiaShare Capital: Rs. Ten Lakhs as paid-up capitalTurnover: Not applicable since this isnewly incorporated Company.2. Whether the acquisition would fall COINCADE STUDIOS PRIVATEwithin related party transaction(s) LIMITED is a wholly ownedand whether the promoter/ subsidiary company of Hindpromoter group/ group companiesRectifiers Limited.have any interest in the entity beingacquired? If yes, nature of interestInitial subscription by the Companyand details thereof and whether thedoes not fall within related partysame is done at “arm’s length”transactions.Mr. Suramya Nevatia, Chairman &Managing Director (CEO) and Mrs.Akshada Nevatia, Executive Directorof Hind Rectifiers Limited has beenappointed as Directors in COINCADESTUDIOS PRIVATE LIMITED.3. Industry to which the entity being Developing cutting-edge productsacquired belongs and solutions in InformationTechnology (IT), ArtificialIntelligence (AI), Web3, and variedsoftware4. Objects and impact of acquisition Not applicable, as this is(including but not limited to, incorporation of a wholly owneddisclosure of reasons for acquisitionsubsidiary.of target entity, if its business isoutside the main line of business ofthe listed entity)----- End of picture text -----

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5.	Brief details of any governmental orregulatory approvals required for theacquisition	Not applicable
6.	Indicative time period for completionof the acquisition	Not Applicable as this intimation isaboutanewlyincorporatedsubsidiary company
7.	Nature of consideration - whethercash consideration or share swap anddetails of the same	Not Applicable
8.	Cost of acquisition or the price atwhich the shares are acquired	Not applicable, as this intimation isaboutanewlyincorporatedsubsidiarycompany.
9.	Percentage of shareholding/ controlacquired and/ or number of sharesacquired	Hind Rectifiers Limited will own100% equity interest in COINCADESTUDIOS PRIVATE LIMITED
10.	Brief background about the entityacquired in terms of products/line ofbusinessacquired,dateofincorporation, history of last 3 yearsturnover,countryinwhichtheacquired entity has presence and anyother significant information(in brief)	Not applicable, as this intimation isaboutanewlyincorporatedsubsidiary company.