Appointment

HIRECT Hirect Limited (Formerly Hind Rectifiers Limited) August 11, 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 August 11, 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, August 11, 2026, inter-alia, considered and unanimously approved: 1. The un-audited standalone and consolidated financial results for the quarter ended June 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. The appointment of Mr. Rahul Rai (DIN: 10651078), as an Additional Director (Non-Executive Independent Director) of the Company, not liable to retire by rotation, for his first term of 5 (five) years commencing from August 11, 2026 to August 10, 2031, as recommended by the Nomination & Remuneration Committee, subject to approval of the Members of the Company. 3. The appointment of Mr. Anil Kumar Nemani (DIN: 05210724) as an Additional Director and a Whole-Time Director, to be designated as Executive Director and Chief Financial Officer, of the Company for a period of 3 (three) years, as recommended by the Nomination & Remuneration Committee, subject to the approval of Members of the Company. 4. The investment in the share capital of up to 300 equity shares of AED 1,000 each of the Wholly Owned Subsidiary namely Hirect Global Holdings Limited, UAE. The relevant disclosure, as required under SEBI Circular HO/49/14/14(7)2025-CFD-POD2/I/3762/2026 dated January 30, 2026, will be made upon the allotment of equity shares by Hirect Global Holdings Limited. 5. The appointment of Mr. Chidambaram Balakrishnan as a Global Chief Executive Officer and Senior Management Personnel of the Company and its subsidiaries (present and future) with immediate effect, in place of Mr. Douglas J. Bailey who has resigned as the Global Chief Executive Officer of the Company on August 11, 2026. 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 HIRECT Hirect Limited (Formerly Hind Rectifiers Limited) The details pertaining to point no.2, 3 and 5 above as required under Regulation 30 read with Schedule III of SEBI Listing Regulations read with SEBI Master Circular No. HO/49/14/14(7)2025- CFD-POD2/I/3762/2026 dated January 30, 2026, are furnished in ‘Annexure A’ and copy of resignation letter of Mr. Bailey is attached. The above matters have been approved by the Board of Directors of the Company at its meeting held on August 11, 2026 commenced at 11:00 a.m. and the above agendas were approved at 12:35 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-3656 Encl.: as above 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 Annexure A Disclosure of information pursuant to Regulation 30 - Para A of Schedule III of SEBI Listing Regulations read with SEBI Circular No. HO/49/14/14(7)2025-CFD POD2/I/3762/2026 dated January 30, 2026 A) Appointment of Directors Mr. Rahul Rai Mr. Anil Kumar Nemani (DIN: 10651078) (DIN: 05210724) Reason for change Appointment Appointment Date of appointment August 11, 2026 August 11, 2026 Term of Appointment of Mr. Rahul Rai Appointment of Mr. Anil Kumar appointment designated as a Non-Executive Nemani as an Additional Director Independent Director with effect and a Whole-Time Director, to be from August 11, 2026 for the first designated as Executive Director term of 5 (five) consecutive and Chief Financial Officer of the years, subject to the approval of Company, for a period of 3 (three) shareholders, as per regulatory years, subject to approval of the requirements. Members of the Company and other applicable statutory approvals, if any. He shall also act as a Group Chief Financial Officer. Brief Profile Mr. Rahul Rai is an alumnus from Mr. Anil Kumar Nemani holds a the prestigious Indian Institute of degree of B. Com, Chartered Technology (BHU), Varanasi, and Accountant and Cost & has sharpened his strategic Management Accounts. He has acumen through Executive over 42 years of rich and Education at the Indian Institute exhaustive experience in of Management, Ahmedabad. He accounts and finance. He has is a strategic growth leader with been serving the Company since more than 20 years of global 1992. He oversees the executive, entrepreneurial and Company’s accounting practices, transformation expertise. Mr. Rai including accounting has led commercial strategy, P&L departments, preparing improvement, international budgets, financial reports, tax expansion, business and audit functions, directs transformation and complex financial strategy, planning, and stakeholder environments across forecasts, supervises investment more than 100 countries. He and raising of funds for brings a pragmatic board business, studies, analyzes and perspective anchored in growth, reports on trends, opportunities accountability, risk awareness for expansion and projection of and long-term value creation. future Company growth. He is associated with Coincade Mr. Rai is a founder and promoter Studios Private Limited, a wholly of JHP Global Logistics. His owned subsidiary of Hirect previous leadership roles include Limited (Formerly known as serving as Global Chief Hind Rectifiers Limited). He also Commercial Officer and Former holds position of Chief Financial Regional CEO for the Middle East Officer at Hirect Limited. & Africa at ECU Worldwide, as well as Business CEO for the Projects & Engineering Division at Allcargo Logistics. Currently, Mr. Rai serves as a Director at Glowone Consulting Private Limited and JHP Global Logistics Private Limited. Disclosure of Mr. Rahul Rai is not related to any Mr. Anil Kumar Nemani is not relationship Director of the Company. related to any Director of the between Directors Company. Affirmation Based on the information Based on the information available with the Company, Mr. available with the Company, Mr. Rahul Rai is not debarred from Anil Kumar Nemani is not holding the office of a director by debarred from holding the office virtue of any SEBI order or any of a director by virtue of any SEBI other such authority. order or any other such authority. B) Change in Senior Management Personnel Mr. Chidambaram Mr. Douglas J. Bailey Balakrishnan Reason for change Appointment Resignation Date of August 11, 2026 Close of business hours of appointment/ August 11, 2026. cessation Term of The terms of appointment will be Not applicable appointment as agreed between Mr. Chidambaram Balakrishnan and the Board. Brief Profile Mr. Chidambaram Balakrishnan Not applicable brings with him over three decades of rich and diverse experience across global business development, strategic partnerships, market expansion, and revenue growth across multiple geographies. Over the course of his career, he has held several leadership positions, including Managing Director at Caterpillar Rail and Regional Director (South Asia) at GE Transportation. He has also played an active leadership role in industry bodies, having served as Chairman, Confederation of Indian Industry (Railway Division), and Chai [Showing first 8,000 characters — download PDF for full document]