Hind Rectifiers Ltd. — Major Shareholding Notification 2023

Mar 31, 2023

Suramya Nevatia Pitale Prasad, Gr. Floor, 85 Worli Sea Face, Mumbai Maharashtra 400030 Mobile Number 9920981115

To

BSE Limited The National Stock Exchange of India 1st Floor, New Trading Ring Ltd. “Exchange Plaza”, C-1, Block ‘G’ Phiroz Jeejeebhoy Towers Bandra Kurla Complex Dalal Street Mumbai 400 001 Bandra (East) Mumbai 400 051

Sub: Disclosures under Regulation 29(2) of SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011

Dear Sir,

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Name of the Target Company HIND RECTIFIERS LIMITED
(TC)
Name(s) of the acquirer and Suramya Saurabh Nevatia (Managing Director
Persons Acting in Concert (PAC) & CEO – KMP)
with the acquirer
Whether the acquirer belongs to Yes (Promoter)
Promoter /Promoter group
Name(s) of the Stock Exchange(s) BSE Limited and National Stock Exchange of
where the shares of TC are Listed India Limited
Details of the acquisition / disposal as follows:
Before the acquisition under consideration, holding of : Suramya Nevatia
a) Shares carrying voting rights Number % w.r.t. total % w.r.t. total
share/voting diluted
capital share/voting
wherever capital of the
applicable () TC ()
Equity Shares 12.22% 12.22%
2024768
Total 2024768 12.22% 12.22%
b) Shares in the nature of NIL
encumbrance (pledge/ lien/ non-
disposal undertaking/ others)
c) Voting rights (VR) otherwise NIL
than b shares
y
d)Warrants/convertible securities NIL
/any other instrument that
entitles the acquirer to receive
shares carr in votin ri hts in
y g g g
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Suramya Nevatia Pitale Prasad, Gr. Floor, 85 Worli Sea Face, Mumbai Maharashtra 400030 Mobile Number 9920981115

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the TC (specify holding in each
category)
e) Total (a+b+c+d) 2024768 12.22% 12.22%
Details of acquisition/ sale by Suramya Nevatia
a) Shares carrying voting rights 550000 Sweat 3.2% 3.2%
acquired/sold Equity shares
allotted to
Suramya
Nevatia
550000 3.2 % 3.2%
b) VRs acquired /sold otherwise NIL
than b shares
y
c)Warrants/convertible NIL
securities/ any other instrument
that entitles the acquirer to receive
shares carrying voting rights in
the TC (specify holding in each
category) acquired/sold
d) Shares encumbered/ NIL
invoked/released by the acquirer
e) Total (a+b+c+/-d) 5,50,000 3.2% 3.2%
After the acquisition/ sale, holding of: Mr. Suramya Nevatia
a) Shares carrying voting rights 2574768 15.04% 15.04%
b) Shares encumbered with the NIL
acquirer
c) VRs otherwise than by shares NIL
d)Warrants/convertible NIL
securities/ any other instrument
that entitles the acquirer to receive
shares carrying voting rights in
the TC (specify holding in each
category) after acquisition
e) Total (a+b+c+d)
Mode of acquisition / sale (e.g. 550000 Sweat Equity shares allotted to Suramya
open market / off-market / public Nevatia in first trench
issue / rights issue / preferential
allotment / inter-se transfer etc).
Date of acquisition / sale of shares 550000 Sweat Equity shares allotted on March
/ VR or date of receipt of 29, 2023
intimation of allotment of shares,
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Suramya Nevatia Pitale Prasad, Gr. Floor, 85 Worli Sea Face, Mumbai Maharashtra 400030 Mobile Number 9920981115

Suramya Nevatia Pitale Prasad, Gr. Floor, 85 Worli Sea Face, Mumbai Maharashtra 400030 Mobile Number 9920981115
whichever is applicable
Equity share capital / total voting capital of the TC before the said acquisition/sale	No. of equity Shares – 16573978 Rs. 3,31,47,956
Equity share capital/ total voting capital of the TC after the said acquisition/sale	No. of Shares - 17123978 Rs. 3,42,47,956
Total diluted share/voting capital of the TC after the said acquisition	-

(*) Total share capital/ voting capital to be taken as per the latest filing done by the company to the Stock Exchange under Clause 35 of the listing Agreement.

Note: Hind Rectifiers Limited’s total number of equity shares as on 31.12.2022 was 16563723. The Company issued equity shares 10255 on 02.03.2023 under its ESOP scheme.

(**) Diluted share/voting capital means the total number of shares in the TC assuming full conversion of the outstanding convertible securities/warrants into equity shares of the TC.

Suramya Nevatia Promoter of Hind Rectifiers Limited

Place: Mumbai Date: March 29, 2023

CC: Hind Rectifiers Limited Lake Road, Bhandup West, Mumbai 400078 Maharashtra