Outcome of Board Meeting held on November 10, 2026

HIRECT Hirect Limited (Formerly Hind Rectifiers Limited) November 10, 2026 BSE Limited National Stock Exchange of India Limited Phiroz Jeejeebhoy Towers, Exchange Plaza, Dalal Street, Bandra Kurla Complex, Mumbai 400 001 Bandra (East) Mumbai 400 051 BSE Scrip Code: 504036 NSE Symbol: HIRECT Dear Sir/Madam, Sub: Outcome of the Board Meeting of the Company held on November 10, 2026 In terms of Regulation 30 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015 (“SEBI Listing Regulations”), we wish to inform you that the Board of Directors of the Company at its meeting held today i.e. on Tuesday, November 10, 2026, inter-alia, considered and unanimously approved the following: 1. Un-audited standalone and consolidated financial results for the quarter and half year ended September 30, 2026, as recommended by the Audit Committee. The said un-audited financial results along with the Limited Review Report of the Statutory Auditors thereon are enclosed herewith in terms of Regulation 33 of the SEBI Listing Regulations. 2. Appointment of Bigshare Services Pvt. Ltd. (“Bigshare”) as the Registrar to an Issue & Share Transfer Agent (“RTA”) in place of existing RTA, Adroit Corporate Services Pvt. Ltd (“Adroit”). The formalities for change in RTA relating to documentation, shifting of electronic connectivity and transition of data will be processed in due course and Adroit shall continue to act as the RTA till such time the database and electronic connectivity is shifted to Bigshare. The effective date of change shall be intimated separately. 3. Issuance of corporate guarantee or standby letter of credit upto an amount of 2 Million EURO through any bank(s) in favour of Elventive France, a Subsidiary Company. The details as required under SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 read with SEBI Circular No. HO/49/14/14(7)2025-CFD-POD2/I/3762/2026 dated January 30, 2026 is enclosed as “Annexure - A”. The Board meeting commenced at 11:45 a.m. and concluded at 12:30 p.m. Kindly take the same on your records. Thanking you, Yours faithfully, For Hirect Limited (Formerly known as Hind Rectifiers Limited) Suhas Pawar Company Secretary & Compliance Officer ACS-36560 Encl.: as above Registered Office: Lake Road, Bhandup (West). Mumbai, Maharashtra -400078, India Phon~+912249601775 CIN: L28900MH1958PLC011077 Email: corporate@hirect.com / marketing@hirect.com Website: hirect.com HIRECT Hirect Limited (Formerly Hind Rectifiers Limited) Annexure – ‘A’ Details required under SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 read with SEBI Circular No. HO/49/14/14(7)2025-CFD-POD2/I/3762/2026 dated January 30, 2026. A) Change in RTA Sr. Particulars Details 1 Reason for appointment or The Company has decided to shift its Registrar to an Issue discontinuation and Share Transfer Agent from Adroit Corporate Services Pvt. Ltd to Bigshare Services Private Limited. The decision has been taken after a comprehensive evaluation of service offerings, technological capabilities, infrastructure etc. 2 Date on which above would The effective date of appointment will be communicated become effective in due course after definitive agreements are executed under the applicable laws. B) Issuance of Standby Letter of Credit to Subsidiary Sr. Particulars Details 1 Name of party for which such Elventive France (Subsidiary Company) guarantees or indemnity or surety was given. 2 Whether the promoter/ Elventive Tech Private Limited (Promoter Group Entity) promoter group/ group holds 20% shareholding in Elventive France. companies have any interest in this transaction? If yes, nature 14% shareholding is held by Mr. Suramya Nevatia, Mrs. of interest and details thereof Akshada Nevatia along with Caelora Capital FZCO, UAE and whether the same is done (Promoter and Promoter Group). at “arm’s length”. Elventive France is a related party of the Company. The said transaction is undertaken on an arm’s length basis. 3 Brief details of such guarantee Issuance of Corporate Guarantee or Standby Letter of or indemnity or becoming a Credit upto an amount of 2 Million EURO through any surety viz. brief details of bank(s) in favour of Elventive France, a subsidiary agreement entered (if any) company subject to the terms and conditions mutually including significant terms and agreed between the parties and the requirements of the conditions, including amount of issuing bank. guarantee. 4 Impact of such guarantees or The Corporate Guarantee is a potential contingent liability indemnity or surety on listed for the Company. Presently, there is no impact of this entity. guarantee or standby letter credit on the Company. Registered Office: Lake Road, Bhandup (West). Mumbai, Maharashtra -400078, India Phone: +91 22 4960 1775 CIN: L28900MH1958PLC011077 Email: corporate@hirect.com / marketing@hirect.com Website: hirect.com Chartered Accountants 3rd & 4th Floor, Vaastu Darshan, 'B'wing, Above Central Bank of India, Azad Road, Andheri (East), Mumbai -400 069. Tel. . 022- 6191 9293 / 222 /200 Fax • 022- 2684 2221 / 6191 9256 E-mail • admin@gmj.co.in info@gmj.co.in Independent Auditor's Limited Review Report on Unaudited Quarterly and Year to Date Standalone Financial Results of Hirect limited (formerly known as Hind Rectifiers Limited) pursuant to the regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 To The Board of Directors of Hirect Limited (formerly known as Hind Rectifiers Limited) 1. We have reviewed the accompanying statement of unaudited Standalone financial results of Hirect limited (formerly known as Hind Rectifiers Limited) ("the Company") for the quarter ended September 30, 2026 and year to date results for the period from April 01, 2026 to September 30, 2026 ("the statement") being submitted by the Company pursuant to the requirement of Regulations 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, as amended ("Listing Regulations"} read with circular (Circular No. CIR/CFD/CMDl/44/2019 dated March 29, 2019) issued by the SEBI under Regulation 33 (8) of the SEBI (Listing Obligations and Disclosure Requirements) Regulation, 2015, as amended, to the extent applicable. 2. This Statement, which is the responsibility of the Company's Management and approved by the Company's Board of Directors, has been prepared in accordance with the recognition and measurement principles laid down in the Indian Accounting Standard 34 "Interim Financial Reporting" ("Ind AS 34"), prescribed under Section 133 of the Companies Act, 2013 read with relevant rules issued thereunder and other accounting principles generally accepted in India and in compliance with Regulation 33 of the Listing Regulations. Our responsibility is to express a conclusion on the Statement based on our review. 3. We conducted our review of the Statement in accordance with the Standard on Review Engagements (SRE) 2410, "Review of Interim Financial Information Performed by the Independent Auditor of the Entity", issued by the Institute of Chartered Accountants of India. This Standard requires that we plan and perform the review to obtain moderate assurance as to whether the statements are free of material misstatement. A review is limited primarily to inquiries of company personnel and analytical procedures applied to financial data and thus provide less assurance than an audit. We have not performed an audit and accordingly, we do not express an audit opinion. 4. Conclusion Based on our review conducted as above, nothing has come to our attention that causes us to believe panying statement of Unaudited Standalone Financial Results, prepared in accordance e Indian Accounting Standards prescribed under section 133 of Companies Act 2013 read ed thereunder and other recognized accounting practices and policies generally accepted Page 1 of 2 ~nll..J& Co Chartered Acoountants in India, [Showing first 8,000 characters — download PDF for full document]