Hind Rectifiers Ltd. — Share Issue/Capital Change 2023

Mar 30, 2023

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Ref. No. HIRECT/SEC/2022-23/66

March 30, 2023

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

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

Sub: Statement with respect to issue and allotment of sweat equity shares

Dear Sir/ Madam,

In accordance with the provisions of the Regulation 41(c) of the Securities and Exchange Board of India (Share Based Employee Benefits and Sweat Equity) Regulations, 2021, we hereby inform you that a meeting of the Nomination and Remuneration Committee of Hind Rectifiers Limited was held on March 29, 2023, at 6:42 pm and concluded at 7:04 pm for allotment of 5,50,000 Equity Shares as Sweat Equity Shares in first trench to Mr. Suramya Saurabh Nevatia, Managing Director & CEO (KMP) (DIN: 06703910) of the Company.

The terms of the issue and allotment of sweat equity shares, inter-alia, are as under:

Sl. No.	Particulars	Details
**1. **	Number of sweat equityshares issued	5,50,000
**2. **	Price at which the sweatequity shares are issued	Not Applicable, as the sweat equityshares have been issued for non-cashconsideration.
**3. **	Totalamountreceivedtowards sweat equity shares	Not Applicable, as the sweat equityshares have been issued for non-cashconsideration.
**4. **	Details of the persons towhom sweat equity shareshave been issued	Mr. Suramya Saurabh Nevatia, Promoterand Managing Director & CEO KMP(DIN: 06703910)

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	**5. **	The consequent changes inthe capital structure and theshareholding pattern beforeand after the issues of sweatequity shares	Pre-Allotment Holding:20,24,768*Pre-Allotment Shareholding:12.22%Post-Allotment Holding: 25,74,768#Post-Allotment Shareholding:15.03%

***** Calculated on current paid up equity capital and decimal taken up to two digits. # Calculated on diluted paid up equity capital and decimal taken up to two digits.

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

Thanking you,

Yours Faithfully,

For Hind Rectifiers Limited

MEENAK Digitally signed by MEENAKSHI SHI ANCHLIA Date: 2023.03.30 ANCHLIA 11:47:39 +05'30'

Meenakshi Anchlia

(Company Secretary & Compliance Officer)