Hirect Limited (NSE:HIRECT) informed stock exchanges on 17 August 2026 that a final dividend of Rs 1.40 per equity share, approved at the company's 68th Annual General Meeting on 11 August 2026, was electronically credited to eligible shareholders on 13 August 2026.
Key Highlights
- The 68th AGM held on 11 August 2026 approved a final dividend of Rs 1.40 per equity share for the financial year.
- Dividend disbursement was completed on 13 August 2026 via electronic modes including NACH, NECS, and direct bank remittance.
- Shareholders whose bank details are not registered with depositories or the Registrar and Transfer Agent have not yet received payment and are urged to update their records promptly.
- The company, formerly known as Hind Rectifiers Limited, filed this intimation through its Company Secretary and Compliance Officer, Suhas Pawar (ACS-36560).
About the Company
Hirect Limited, formerly known as Hind Rectifiers Limited and listed on NSE under the ticker HIRECT (BSE scrip code: 504036), is a Mumbai-headquartered manufacturer of power semiconductor devices, railway traction equipment, and rectifier transformers. The company serves sectors including Indian Railways, industrial power conversion, and defence electronics, supplying both domestic and export markets from its manufacturing facilities in India.
Announcement in Detail
In a filing dated 17 August 2026, Hirect Limited confirmed that the final dividend of Rs 1.40 per equity share, sanctioned by shareholders at the 68th Annual General Meeting held on Tuesday, 11 August 2026, was disbursed on 13 August 2026. The payment was processed exclusively through electronic channels, specifically NACH, NECS, and direct bank remittance, into the registered bank accounts of eligible shareholders.
The company noted that shareholders holding shares in dematerialised form whose bank account details are not on record with depositories, as well as holders of physical shares whose details are absent from the Registrar and Transfer Agent's records, would not have received payment automatically. Such shareholders have been requested to update their banking information at the earliest opportunity to facilitate receipt of future dividend payments.
Impact on Investors
Investors will note that the dividend of Rs 1.40 per equity share has already been credited to those whose bank details were available as of the disbursement date, 13 August 2026. Shareholders who have not received the payment should check whether their bank account details are updated with the relevant depository participant or the Registrar and Transfer Agent, as the disclosed process indicates no physical warrants have been issued in this cycle.
The filing shows that action is required from shareholders holding shares in physical form or those with incomplete KYC or bank linkage records. Failure to update details may delay receipt of this or future dividend payments. No dilution, pledge change, or balance-sheet event is associated with this announcement.
Sector / Market Context
India's power electronics and railway equipment sector has seen sustained procurement activity, supported by the Indian Railways' multi-year capital expenditure programme and the government's push for domestic manufacturing under the Atmanirbhar Bharat initiative. Companies supplying traction and power conversion equipment, such as Hirect Limited, operate in a segment where public sector order flows and long-term supply contracts underpin revenue visibility. SEBI's ongoing push for electronic dividend disbursement and dematerialisation of physical shares remains a regulatory priority that directly affects shareholder servicing processes across listed companies in this space.