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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S. No. Particulars Information
1. Name of the target entity, details in Name: COINCADE STUDIOS
brief such as size, turnover etc. PRIVATE LIMITED
Country of Incorporation: India
Share Capital: Rs. Ten Lakhs as paid-
up capital
Turnover: Not applicable since this is
newly incorporated Company.
2. Whether the acquisition would fall COINCADE STUDIOS PRIVATE
within related party transaction(s) LIMITED is a wholly owned
and whether the promoter/ subsidiary company of Hind
promoter group/ group companies
Rectifiers Limited.
have any interest in the entity being
acquired? If yes, nature of interest
Initial subscription by the Company
and details thereof and whether the
does not fall within related party
same is done at “arm’s length”
transactions.
Mr. Suramya Nevatia, Chairman &
Managing Director (CEO) and Mrs.
Akshada Nevatia, Executive Director
of Hind Rectifiers Limited has been
appointed as Directors in COINCADE
STUDIOS PRIVATE LIMITED.
3. Industry to which the entity being Developing cutting-edge products
acquired belongs and solutions in Information
Technology (IT), Artificial
Intelligence (AI), Web3, and varied
software
4. Objects and impact of acquisition Not applicable, as this is
(including but not limited to, incorporation of a wholly owned
disclosure of reasons for acquisition
subsidiary.
of target entity, if its business is
outside the main line of business of
the listed entity)
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5.	Brief details of any governmental or regulatory approvals required for the acquisition	Not applicable
6.	Indicative time period for completion of the acquisition	Not Applicable as this intimation is about a newly incorporated subsidiary company
7.	Nature of consideration - whether cash consideration or share swap and details of the same	Not Applicable
8.	Cost of acquisition or the price at which the shares are acquired	Not applicable, as this intimation is about a newly incorporated subsidiarycompany.
9.	Percentage of shareholding/ control acquired and/ or number of shares acquired	Hind Rectifiers Limited will own 100% equity interest in COINCADE STUDIOS PRIVATE LIMITED
10.	Brief background about the entity acquired in terms of products/line of business acquired, date of incorporation, history of last 3 years turnover, country in which the acquired entity has presence and any other significant information(in brief)	Not applicable, as this intimation is about a newly incorporated subsidiary company.