Hind Rectifiers Shares Hit 5% Upper Circuit on France Acquisition

Mumbai, September 19, 2025 – Shares of Hind Rectifiers Limited (NSE: HIRECT, BSE: 504036) surged 5% during the morning trade on Friday, where it got locked at the upper circuit, after the company announced a strategic acquisition in Europe.

Hind Rectifiers Ltd was founded in 1958 and is a leading manufacturer in the power electronics and industrial equipment industry. The company is headquartered in Mumbai and trades on both stock exchanges, NSE and BSE, under the ticker HIRECT and 504036, respectively. It serves in sectors like railways, defence, energy, steel, cement, and chemicals. With manufacturing plants in Nashik and Bhandup, the company employs over 950 people and has a strong global footprint, exporting to more than 30 countries.

Strategic Acquisition in France

In its regulatory filing, Hind Rectifiers announced that it has acquired BeLink Solutions. It is a France-based robotics, EMS, and electronics R&D company with 38 years of industry experience. Through the acquisition, BeLink brings six fully automated production lines, advanced testing infrastructure, intellectual property, and customer contracts under Hind Rectifiers’ ownership.

The acquisition was finalised at €1 million and was fully funded through internal accruals. Hind Rectifiers will further infuse €2 million in capital in the French subsidiary. After the infusion, Hind Rectifiers will hold 66% equity and 100% preference shares, while promoter group firms will hold the remaining 34%. Following the acquisition, BeLink Solutions is expected to generate €13 million in revenue in 2025, with €10 million in pending orders for 2026, ensuring strong revenue visibility.

Market Snapshot

As of September 19, 2025, 12:30 pm, shares of Hind Rectifiers Limited were trading at ₹1,725.60, up by 82.10 points, a 5.00% increase. The company had an overall traded volume of 0.31 lakh shares while its total traded value and total market cap stood at ₹5.24 crore and ₹2,965.24 crore, respectively.

Management Commentary

Showing enthusiasm for the acquisition and the possibility it has opened for the company, Suramya Nevatia, Chairman, MD & CEO of Hind Rectifiers, said, “This acquisition gives us not only a strong base in Europe but also the ability to combine advanced production capabilities with deep R&D in robotics. It marks the cornerstone of our global strategy to build, innovate, and lead in advanced electronics.”

REF:https://nsearchives.nseindia.com/corporate/HIRECT_19092025084415_PressReleaseFranceMatter19092025.pdf

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