HIRECT

- Crisil Ratings Limited has reaffirmed the earlier credit ratings for Hirect Limited's total bank loan facilities of ₹228.9 Crore. - Long Term Rating: Crisil BBB+/Stable (Reaffirmed). - Short Term Rating: Crisil A2 (Reaffirmed).

- Hirect Limited announced the availability of the Q1FY27 Earnings Conference Call transcript. - The call, held on August 12, 2026, discussed Q1FY27 financial and operational performance. - The transcript is accessible on the company's website.

- Hirect Limited has dispatched a dividend of Rs. 1.40 per equity share, approved at the 68th AGM on August 11, 2026. This dividend was credited to shareholders on August 13, 2026.

- Analyst/Institutional Investor Meeting Schedule - Meeting Date: 19th August 2026 - Meeting Time: 02:00 pm onwards

- Hind Rectifiers Limited will change its name to Hirect Limited. - The name change will be effective from August 18, 2026. - The existing symbol HIRECT will now refer to Hirect Limited.

- Audio recording of the Q1FY27 Earnings Conference Call held on August 12, 2026, is now available. - The recording can be accessed at: https://hirect.com/wp-content/uploads/2026/08/Earnings-Call-Audio-120826.mp3

- Investor Presentation filed for Q1 FY27 unaudited financial results (quarter ended June 30, 2026). - Highlights Hirect's systems engineering leadership, product portfolio in railway/industrial systems, manufacturing prowess, and global capabilities.

- Q1 FY27 Consolidated Revenue ₹258.4 Cr vs ₹214.8 Cr (▲20.3% YoY) - EBITDA ₹13.2 Cr vs ₹24.2 Cr (▼45.5% YoY) - PAT ₹9.4 Cr vs ₹12.8 Cr (▼26.6% YoY) - EBITDA Margin 5.1% vs 11.3% (▼616bps) - Management expects near-term consolidated margin pressure to continue for 3-5 quarters as Elventive France moves towards breakeven. - Order book stood at ₹739.8 Cr as of July 2026. - Secured maiden development orders for MEMU trainsets and Vande Metro (Namo Bharat) trainsets. - Expanded international presence with first US orders for traction motor assemblies and entered the mining segment with IGBT converters.

- Global CEO Douglas J. Bailey resigned; Chidambaram Balakrishnan appointed new Global CEO. - Rahul Rai appointed Independent Director; Anil Kumar Nemani appointed Whole-Time Director & CFO. - Board approved Q1 FY27 standalone results with revenue up 10%, PAT up 18% YoY.

- Q1 FY27 Standalone Revenue ₹236.39 Cr vs ₹214.77 Cr (▲10.06% YoY) - EBITDA ₹28.58 Cr vs ₹24.27 Cr (▲17.74% YoY) - PAT ₹15.09 Cr vs ₹12.81 Cr (▲17.78% YoY) - EBITDA Margin 12.09% vs 11.30% (▲79bps)

- Q1 FY27 Standalone Revenue ₹2,363.92 Million vs ₹2,147.74 Million (▲10.06% YoY) - EBITDA ₹250.53 Million vs ₹242.74 Million (▲3.21% YoY) - PAT ₹150.91 Million vs ₹128.13 Million (▲17.78% YoY) - EBITDA Margin 10.59% vs 11.30% (▼71bps)

- Q1 FY27 Standalone Revenue ₹2,363.92Mn vs ₹2,147.74Mn (▲10.06% YoY) - EBITDA ₹250.53Mn vs ₹242.74Mn (▲3.21% YoY) - PAT ₹150.91Mn vs ₹128.13Mn (▲17.78% YoY) - EBITDA Margin 10.59% vs 11.30% (▼71bps) - Mr. Douglas J. Bailey resigned as Global Chief Executive Officer. - Mr. Chidambaram Balakrishnan was appointed as Global Chief Executive Officer. - Mr. Anil Kumar Nemani was appointed as Executive Director and Chief Financial Officer. - Mr. Rahul Rai was appointed as an Additional (Non-Executive Independent) Director. - Board approved investment in share capital of up to 300 equity shares of AED 1,000 each of Hirect Global Holdings Limited, UAE, a Wholly Owned Subsidiary.

- Q1 FY27 Consolidated Revenue ₹2,584.48Mn vs ₹2,147.74Mn (▲20.33% YoY) - EBITDA ₹132.16Mn vs ₹242.28Mn (▼45.45% YoY) - PAT ₹94.22Mn vs ₹127.65Mn (▼26.19% YoY) - EBITDA Margin 5.11% vs 11.28% (▼617bps) - Mr. Douglas J. Bailey resigned as Global Chief Executive Officer (KMP) with effect from August 11, 2026. - Mr. Chidambaram Balakrishnan appointed as Global Chief Executive Officer and Senior Management Personnel. - Mr. Rahul Rai appointed as an Additional Director (Non-Executive Independent Director) for a term of 5 years. - Mr. Anil Kumar Nemani appointed as Additional Director and Whole-Time Director (Executive Director and Chief Financial Officer) for 3 years. - The company plans to invest in the share capital of up to 300 equity shares of AED 1,000 each in its Wholly Owned Subsidiary, Hirect Global Holdings Limited, UAE. - The company's name has officially changed from "Hind Rectifiers Limited" to "Hirect Limited" effective July 24, 2026.

- Concall Schedule - Concall Date: August 12, 2026 - Concall Time: 10:30 A.M. (IST)

- Order Win: Hirect Limited secured an order from the United States. - Details: The order is for IGBT Converters for the Mining Industry. - Significance: This order marks the company's entry into the mining segment and aligns with its long-term strategy for international business expansion.

- Order Win: Hirect Limited secured its first order from the United States for Traction Motor Assemblies. - Order Value: Not specified. - Completition Timeline: FY27.

- Hirect Limited (formerly Hind Rectifiers Limited) unveiled a new logo on July 28, 2026. - The new design reflects the company's current and future offerings and will be used across all product labels, advertisements, and communications.

- Order Win: Hirect Limited secured a maiden order for Mainline Electric Multiple Unit (MEMU) trainsets from MCF. - Order Value: ₹60 crore. - Completion Timeline: 24 months.

- Order Win: Hirect Limited secured its first development order for Vande Metro (Namo Bharat) trainsets from Rail Coach Factory (RCF), Kapurthala. - Order Value: Approximately ₹60 crores. - Completion Timeline: 21 months. - Details: The order involves the Design, Development, Manufacture, Supply, Installation, Testing and Commissioning of an IGBT-based 3-phase propulsion system, Traction Transformers, Traction Motors, TCMS, and other equipment, including an annual maintenance contract.

- Order Win: Hirect Limited won order from MCF / Indian Railways - Order Value: ₹60 crores - Completition Timeline: Within 24 months

- Order Win: Hirect Limited won an order from Indian Railways for Vande Metro (Namo Bharat) trainset - Order Value: ₹60 Cr. - Completion Timeline: Within 21 months

- Company name changed from Hind Rectifiers Limited to Hirect Limited. - The change is effective from July 24, 2026, following approval from the Ministry of Corporate Affairs (MCA).

- Hind Rectifiers Limited allotted 10,86,366 equity shares at ₹920.50 each on a preferential basis on July 21, 2026. - The issuance raised ₹100 Crores from Tata Mutual Fund (Small Cap Fund), a Non-Promoter Institution.