HIRECT2023-10-012023-12-31 HIRECT2023-10-012023-12-31 HIRECT2023-10-012023-12-31in-bse-fin:OneOperatingExpenses01Member HIRECT2023-10-012023-12-31in-bse-fin:FourOperatingExpenses01Member HIRECT2023-12-31 iso4217:INRxbrli:purexbrli:sharesiso4217:INRxbrli:shares 504036 HIRECT NOTLISTED Hind Rectifiers Limited Equity 2023-04-01 2024-03-31 2024-02-08 2024-02-01 INR Lakhs Third quarter 18:15:00 19:50:00 2024-02-08 2024-02-08 Not applicable Single segment EQUIPMENT AND ELECTRONIC COMPONENTS 2023-10-01 2023-12-31 Unaudited Standalone 1366292000.00 820000.00 1367112000.00 993726000.00 0.00 4750000.00 145483000.00 32335000.00 20187000.00 87458000.00 1283939000.00 83173000.00 -69922000.00 13251000.00 3778000.00 -5712000.00 -1934000.00 0.00 15185000.00 0.00 0.00 0.00 0.00 15185000.00 -660000.00 14525000.00 0.00 0.00 34248000.00 0 0.89 0.88 0.00 0.00 0.89 0.88 0.00 0.00 0.00 Notes : 1)The above results have been recommended by the Audit Committee and approved by the Board of Directors of the Company at the meeting held on 8th February, 2024. The Statutory Auditors have carried out the Limited Review of the financial results for the quarter and nine months ended 31st December, 2023 under Regulation 33 of SEBI (Listing Obligations & Disclosure Requirements) Regulations, 2015. 2) The above results, published in accordance with Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, have been prepared in accordance with Indian Accounting Standards (IND AS) notified under section 133 of the Companies Act, 2013 read with relevant rules thereunder and other accounting principles generally accepted in India along with guidelines issued by the Securities and Exchange Board of India (SEBI). 3) In view of the MAT Credit available, the Company has not exercised the non revisable option permitted under section 115BAA of the Income Tax Act, 1961 as introduced by the Taxation Law (Amendment) Ordinance, 2019 4) Voluntary Retirement /Compensation Scheme for Employees at Bhandup Mumbai Plant was introduced for period from 22nd December 2023 to 5th January 2024 under which scheme, 75 employees opted for the same. Total Compensation of Rs. 699.22 lakhs paid to them is shown as an Exceptional Item for the quarter and nine months ended 31st December 2023. 5) During the previous financial year 2022-2023, the shareholders approved the resolution on January 1, 2023 for issuing 13,50,000 sweat equity shares to Mr. Suramya Nevatia, Managing Director & CEO. Out of it, 5,50,000 equity shares were allotted during the previous financial year 2022-2023. The validity of this shareholders resolution under Regulation 32(4) of SEBI SBEB Regulations 2021 was twelve months from the date of passing the said resolution. No shares were allotted during the current financial year 2023-24 so remaining 8,00,000 sweat equity shares were lapsed on December 31, 2023. 6) The Company operates in a single segment as per Indian Accounting Standard (Ind AS) 108. 7) The figures for the corresponding previous periods have been regrouped / restated, wherever necessary to conform with the current period's classification. FOR HIND RECTIFIERS LIMITED SURAMYA NEVATIA MANAGING DIRECTOR & CEO DIN 06703910 Place : Mumbai Dated: 8th February, 2024 Single segment 2023-04-01 2023-12-31 Unaudited Standalone 3661941000.00 2331000.00 3664272000.00 2757499000.00 0.00 -49981000.00 384463000.00 85914000.00 54418000.00 262558000.00 3494871000.00 169401000.00 -69922000.00 99479000.00 3778000.00 21768000.00 25546000.00 0.00 73933000.00 0.00 0.00 0.00 0.00 73933000.00 -381000.00 73552000.00 0.00 0.00 34248000.00 0 4.32 4.30 0.00 0.00 4.32 4.30 0.00 0.00 0.00 Other Expenses 87458000.00 Other Expenses 262558000.00 -931000.00 -537000.00 -271000.00 -156000.00