RIR Power Electronics Ltd

RIR Power Electronics announced that the 56th Annual General Meeting(AGM) of the company will be held on 26 September 2025.Powered by Capital Market - Live

RIR Power Electronics has received Capital Subsidy / Fiscal Support Incentive of Rs.32.56 crore on 1 September, 2025 from the Govt. of Odisha for Phase I - Silicon Carbide (SiC) manufacturing plant in Bhubaneswar, Odisha. Powered by Capital Market - Live

Net profit of RIR Power Electronics declined 17.98% to Rs 1.87 crore in the quarter ended June 2025 as against Rs 2.28 crore during the previous quarter ended June 2024. Sales declined 0.19% to Rs 21.01 crore in the quarter ended June 2025 as against Rs 21.05 crore during the previous quarter ended June 2024. ParticularsQuarter EndedJun. 2025Jun. 2024% Var. Sales21.0121.05 0 OPM %13.7115.68 - PBDT2.993.09 -3 PBT2.692.92 -8 NP1.872.28 -18 Powered by Capital Market - Live

RIR Power Electronics will hold a meeting of the Board of Directors of the Company on 12 August 2025.Powered by Capital Market - Live

The Electronics & Information Technology Department, Government of Odisha, has approved fiscal support for Phase 1 for RIR Power Electronics towards its Silicon Carbide (SiC) semiconductor manufacturing facility in Odisha. Odisha Computer Application Center (OCAC), the nodal agency for Electronics & Information Technology Department, Government of Odisha has approved and notified the fiscal support agreement for pro-rata disbursement of capital subsidy to the Company. This project was approved by the State-Level Single Window Clearance Committee (SLSWCC) and the state cabinet in last fiscal year with a total project cost of ~Rs 618 crore for both, phase-1 and phase-2. Project Financials and Status: Total project cost: Rs 618 crore Capital expenditure incurred: Rs 65 crore and eligible government capital subsidy: Rs 32 crore 'We extend our sincere gratitude to the Government of Odisha for their forward-thinking support in helping bring this first-of-its-kind SiC semiconductor facility to life. Their backing empowers us to introduce advanced technologies and modern manufacturing capabilities to the state. This development lays a strong foundation for innovation, employment generation, and energy-efficient solutions in electric vehicles, renewables, power electronics, and industrial automation across India,' said Dr. Harshad Mehta, Chairman & Director, RIR Power Electronics. Powered by Capital Market - Live

The Board of RIR Power Electronics at its meeting held on 14 July 2025 has approved allotment of 76,73,725 equity shares having face value of Rs.10 /- each as fully paid-up Bonus equity shares , in the ratio of 1:1 i.e. 1 (One) New equity shares having face value of Rs.10 /- each for every existing 1 (One) equity shares held, having face value of Rs.10 /- each, to those Shareholders whose names appear in the Register of Members on the record date fixed for this purpose. Further, the Company has also kept a reserve of 2,83,515 equity shares for the purpose of bonus issue of equity shares to the preferential warrant holders upon conversion of the said warrants into equity shares. Pursuant to the above allotment, the paid up equity share capital has increased to 1,53,47,450 equity shares of Rs 10 each. Powered by Capital Market - Live

RIR Power Electronics has fixed 11 July 2025 as record date for the purpose of ascertaining the eligibility of shareholders entitled for issuance of Bonus Equity Shares in the ratio of 1:1.Powered by Capital Market - Live

The company stated that the expansion of production was made possible through a strategic collaboration with a contract fab at Pro Asia Semiconductor Corporation (PASC), Taiwan and by leveraging technology IP that RIR Power had acquired from Sicamore Semi, USA. The product portfolio includes 1200V Schottky Barrier Diodes (SBDs) ranging from 2 amps to 60 amps, addressing the most common ratings used across multiple applications and markets globally. The company further said that it has already secured purchase orders for the said diodes from Richardson Electronics (USA) and Ankit Plastics (India), both key suppliers to the commercial, industrial and defence sectors. Besides being able to serve existing domestic Indian and the USA customers, shipping from Taiwan would provide RIR Power Electronics improved access to strategic high-growth markets for SiC devices in the South East Asian region. Dr. Harshad Mehta, chairman & director, RIR Power Electronics, said: 'This achievement marks a significant leap for RIR's power electronics manufacturing capabilities and helps to expedite the ramp up and shipment of SiC devices on 6-Inch wafers from RIR's proposed Odisha Fab. By successfully scaling up world-class SiC technology, RIR Power is positioned to serve global high-growth markets including automotive, industrial, renewable energy, and defence, while strengthening the domestic semiconductor ecosystem.' RIR Power Electronics is a global pioneer in high-power semiconductor solutions. Its product portfolio comprises of high-performance semiconductor devices, assemblies, and energy management systems. The company's consolidated net profit declined 12.59% to Rs 2.43 crore despite a 22.67% increase in net sales to Rs 26.46 crore in Q4 FY25 as compared with Q4 FY24. Powered by Capital Market - Live

RIR Power Electronics announced the successful production expansion and shipment of 1200V SiC diodes from Taiwan. This milestone was achieved through a strategic collaboration with a contract fab at Pro Asia Semiconductor Corporation (PASC), Taiwan and by leveraging technology IP that RIR Power had acquired from Sicamore Semi, USA. The product portfolio includes 1200V Schottky Barrier Diodes (SBDs) ranging from 2 amps to 60 amps, addressing the most common ratings used across multiple applications and markets globally. Besides serving existing domestic Indian and the USA customers, shipping from Taiwan also provides improved access to strategic high-growth markets for SiC devices in the South East Asian region. RIR Power's SiC technology and portfolio are the result of a comprehensive technology transfer agreement signed with Sicamore Semi on October 17, 2024. The agreement granted RIR Power exclusive rights to manufacture, market and commercialize SiC diodes, Metal Oxide Silicon Field Effect Transistors (MOSFETs) and Insulated Gated Bipolar Transistors (IGBTs) using Sicamore's proven IP and process knowhow. Originally developed for 4-inch wafers, the technology has been successfully adapted for 6-inch wafer production. The scale-up was achieved with technical support from Vortex Semi, USA and PASC. The 1200V SiC diodes, produced at PASC's state-of-the-art fabrication facility in Taiwan, have been shipped to India and validated to meet global industry standards. RIR Power has already secured purchase orders from Richardson Electronics (USA) and Ankit Plastics (India), both key suppliers to the commercial, industrial and defence sectors. 'This achievement marks a significant leap for RIR's power electronics manufacturing capabilities and helps to expedite the ramp up and shipment of SiC devices on 6-Inch wafers from RIR's proposed Odisha Fab,' said Dr. Harshad Mehta, Chairman & Director, RIR Power Electronics Ltd. 'By successfully scaling up world-class SiC technology, RIR Power is positioned to serve global high-growth markets including automotive, industrial, renewable energy, and defence, while strengthening the domestic semiconductor ecosystem.' This achievement aligns with India's Make in India initiative, reinforcing the nation's semiconductor supply chain and reducing reliance on imports for critical defence technologies. RIR Power's new SiC semiconductor facility in Odisha, with a strategic investment of ₹618 crore, is set to further enhance India's indigenous manufacturing capabilities, generate employment, and support the country's ambition to emerge as a global leader in advanced commercial, industrial and defence electronics. Powered by Capital Market - Live

RIR Power Electronics announced that the Board of Directors of the Company at its meeting held on 29 May 2025, inter alia, have recommended the final dividend of Rs 2 per equity Share (i.e. 20%) , subject to the approval of the shareholders.Powered by Capital Market - Live