Mukul Agrawal holds 1.45% stake: Railway Rectifiers Company Issues 1:1 Bonus Shares; Record Date Announced

On Monday, Hind Rectifiers share price is in focus after the company fixed March 27, 2026. The company has set the record date to determine eligible shareholders for its 1:1 bonus issue, with shares to be allotted on March 30, 2026, and trading expected to begin from March 31, 2026. As of 2:30 PM, March 23, 2026, Hind Rectifiers share price is trading at Rs 1450. 

Hind Rectifiers Fixed Record Date for 1:1 Bonus Issue

Hind Rectifiers has set March 27, 2026, as the record date to identify shareholders eligible for its 1:1 bonus equity share issue, wherein one new fully paid-up equity share of face value Rs 2 each will be issued for every one existing equity share of Rs 2 each, ranking pari-passu in all respects. The bonus issue has received shareholder approval through a postal ballot, with results declared on March 20, 2026. A total of 1,71,83,807 equity shares will be allotted on March 30, 2026, and the shares are expected to be available for trading from March 31, 2026.

Hind Rectifiers Share Price Performance 

The broader Indian equity markets have witnessed weakness, with the Nifty 50 declining by 12.27 per cent over the past month, declining by 10.38 per cent over six months, and declining by 4.65 per cent on a one-year basis. In comparison, the stock has delivered a return of 1.61 per cent over the past month and declined by 14.51 per cent over the last six months. On a one-year basis, the stock has gained 43.66 per cent.

Hind Rectifiers Shareholding Pattern

Hind Rectifiers Ltd’s shareholding pattern shows promoter holding at 43.93 per cent in December 2025, remaining largely stable over recent quarters. Foreign institutional investors (FIIs) held 6.21 per cent, slightly lower compared to 6.64 per cent in the previous quarter, while domestic institutional investors (DIIs) maintained a marginal presence at 0.13 per cent. Public shareholding stood at 49.73 per cent.

Investor Mukul Mahavir Agrawal holds a 1.45 per cent stake in the company.

About Hind Rectifiers Limited

Hind Rectifiers Limited is an India-based company engaged in the manufacturing and supply of power electronics equipment. The company provides a wide range of products, including rectifiers, Transformers, Semiconductor devices, and Railway electrification equipment.

Hind Rectifiers serves multiple sectors such as railways, power utilities, industrial applications, and renewable energy. It has a strong presence in supplying equipment for railway traction systems and power infrastructure projects across India. The company focuses on design, engineering, manufacturing, and servicing of electrical equipment, positioning itself as a key player in the power electronics and railway electrification segment.

Hind Rectifiers Limited has a market capitalisation of Rs 2,476 crore and has delivered a median sales growth of 18.1 per cent over the last 10 years. On a one-year basis, the stock has generated a return of 43.28 per cent, outperforming the benchmark Nifty Smallcap 250 Index, which has declined by 6.88 per cent during the same period.

Disclaimer: The article is for informational purposes only and not investment advice.