Hind Rectifiers gets nod to invest Rs 90 lakh in Coincade Studio

11 Feb 2026 Evaluate

Hind Rectifiers has received approval for an investment of Rs 90 lakh by way of subscription to equity shares of Coincade Studio, a subsidiary of the company in one or more tranches. The investment shall be made by subscribing to equity shares of Coincade having a face value of Rs 10 each, issued at par. 

Pursuant to the said investment, the paid-up equity share capital of Coincade will increase from Rs 10 lakh to Rs 1 crore. The aforesaid investment is intended to strengthen the capital base of the subsidiary, support its business expansion plans and meet its future operational requirements. The Board of Directors of the company at its meeting held on February 11, 2026, inter alia, approved the same. 

Hind Rectifiers is engaged in developing, designing, manufacturing and marketing power semiconductors, power electronic equipments and railway transportation equipments.

Hind Rectifiers Share Price

1342.50 2.85 (0.21%)
19-Feb-2026 10:05 View Price Chart
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