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Hind Rectifiers informs about outcome of allotment committee meet

30 Mar 2023 Evaluate

In accordance with the provisions of Regulation 30 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015, Hind Rectifiers has informed that a meeting of the Nomination and Remuneration Committee of the Company 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 on non-cash consideration basis, having face value of INR 2 each and the Fair Market Value of INR 246.10 on the basis of valuation report dated December 2, 2022, received from Corporate Professionals Capital (SEBI Reg. No: INM000011435, to Suramya Nevatia, Managing Director & CEO KMP (DIN: 06703910) of the Company. With reference to the ESOP 2018 and in terms of provisions of Regulation 30 of SEBI Listing Regulations, 2015, the Nomination and Remuneration Committee of the company has vested 19457 stock options to the eligible employees based on their performance. The same will be effective from June 10, 2023.

The above information is a part of company’s filings submitted to BSE.

Hind Rectifiers Share Price

897.30 2.50 (0.28%)
17-Apr-2026 16:59 View Price Chart
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