Hind Rectifiers Ltd. — Regulatory Filings 2021

Jun 10, 2021

Address _ : Lake Road, Bhandup (W), Mumbai - 400078. Tel. : +91-22-25696789 Fax : +91-22-25964114 Email : corporate@hirect.com / marketing@hirect.com : CIN : L28900MH1958PLC011077 -

Ref. No. HIRECT/SEC/2021-22/18 10 June 2021

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

Sub: Intimation of Grant of Options under HIRECT Employees Stock Option Plan - 2018

In accordance with the provisions of the Regulation 30 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015 (the "Listing Regulations"), we hereby inform you that a meeting of the Nomination and Remuneration Committee of Hind Rettifiers Limited (the "Company") was held on 10% June, 2021, at 10:55 am and concluded at 11:20 am for grant of 108445 Employee Stock Options ("Options") convertible into equal number of Equity Shares of the Company of face value of Rs.2/- each, to the eligible employees of the Company under the HIRECT Employees Stock Option Plan - 2018 ("ESOP 2018" /"Plan").

	Dalal Street, Mumbai	Bandra Kurla Complex,
	400 001 Maharashtra	Bandra (East) Mumbai 400 051
	Security Code No. 504036/HIRECT	Type of Security: Equity
	Plan - 2018	Sub: Intimation of Grant of Options under HIRECT Employees Stock Option
Dear Sir,
		In accordance with the provisions of the Regulation 30 of the Securities and Exchange
Board	(Listing Obligations of India	Requirements) Disclosure Regulations, 2015 and
	(the "Listing Regulations"), we hereby inform you that a meeting of the Nomination
		and Remuneration Committee of Hind Rettifiers Limited (the "Company") was held on
	10% June, 2021, at 10:55 am and concluded at 11:20 am for grant of 108445 Employee
Stock	("Options") Options convertible	number equal Equity Shares into the of of
		Company of face value of Rs.2/- each, to the eligible employees of the Company under
		the HIRECT Employees Stock Option Plan - 2018 ("ESOP 2018" /"Plan").
	The terms of the grant, inter-alia, are as under:
'SI.	Particulars	Details
No.		'
	1. Brief details of options granted	Grant of 108445 options to eligible
	'	employees. Effective grant date being
		10 June 2021
2.	Whether the Plan is in terms of SEBI	Yes
	(SBEB) Regulations, 2014 (if applicable)
3.	Total number of shares covered by	108445 Equity Shares of face value Re.
	these options	2/- each (Each Option is convertible
		into one Equity Share of the Company).

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HIND RECTIFIERS LIMITED

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	HIND RECTIFIERS LIMITED
4.	Pricing Formula	Under the Plan, the exercise price shall market based on price the be the of Company.
	'	Accordingly, was exercise the price determined at Rs. 85 per Option.
	5. Options Vested	outcome Not Applicable, this as is pertaining to grant of Options under the Plan.
	6. Time within which option may be exercised	upon Options vesting All shall be exercisable within 1(One) year from the date of respective vesting.
	7. Options exercised	outcome Not Applicable, this as is pertaining to grant of Options under the Plan.
	8. Money realized by exercise of Options Not '	outcome Applicable, this as is pertaining to grant of Options under the Plan.
	result of exercise of Option	9. The total number of Shares arising asa 108445 Equity Shares of face value Rs. 2/- each will arise deeming all granted options are vested and exercised.
	10. Options lapsed ,	outcome Not Applicable, this as is pertaining to grant of Options under the Plan.
	11. Variation in terms of Options 12. Brief details of significant terms	Not Applicable. administered The Plan by the is
		Nomination Remuneration and Committee.
		The grant of Options is based upon the mentioned eligibility criteria the as in Plan.
		The granted Options, once vested shall Option holder acquire entitle the to

HIND RECTIFIERS LIMITED

ri HIND RECTIFIERS LIMITED	hirect.com
equal payment applicable The minimum	\ number upon Equity Shares, of and exercise price of accordance with taxes in terms and conditions of the Plan. granted Options shall vest within period and (One) year of 1 maximum period of 4(Four) years from the date of grant.
The based provide premium above. Exercise value face Company.	Options Exercise: Price the of granted to an Eligible Employee shall be market on price the the of Company. The Committee has power to discount charge suitable or such arrived on price as However, any case the in below not Price shall go the equity Shares the of the of
Subsequent changes or cancellation or Not 13. exercise of such Options Plan. Diluted earnings per share pursuant to Not 14. the issue of equity shares on exercise of Options. Plan.	outcome Applicable, this as is pertaining to grant of Options under the outcome Applicable, this as is pertaining to grant of Options under the

Kindly take the same on record.

. Thanking you,

Yours Faithfully,

For Hind Rectifiers Limited , MEENAKSHI Digitally signed by MEENAKSHI ANCHLIA

DN: c=IN, o=Personal, postalCode=311001, st=Rajasthan, 2.5.4.20=e730281436e01058aebc02a72c4965c47f07af5e7fa 6eb9717c91e446d2554f5, serialNumber=fd049ba8df1613d925a2968d34c90013fa51c 975fa02fe06ea599dfdd479b3f6, cn=MEENAKSHI ANCHLIA

Meenakshi Anchlia ANCHLIA Date: 2021.06.10 14:49:48 +05'30'

(Company Secretary & Compliance Officer)