Announcement under Regulation 30 (LODR) - Application to the Registrar of Companies, Kolkata seeking extension of time limit to hold 79th Annual General Meeting of the Company to facilitate ....
Awaiting price reaction for this filing.
Hindusthan National Glass & Industries Ltd (HNGIL), which is currently implementing a resolution plan approved by the NCLT Kolkata Bench on August 14, 2025, has applied to the Registrar of Companies, Kolkata for a 3-month extension to hold its 79th Annual General Meeting. The original AGM date was scheduled for September 23, 2025, and the company is now seeking to extend the deadline until December 31, 2025. The extension was approved by the Monitoring Committee on August 25, 2025, citing the ongoing implementation of the Approved Resolution Plan submitted by Independent Sugar Corporation Limited (INSCO), the successful resolution applicant acquiring HNGIL under the Insolvency and Bankruptcy Code, 2016. The company has informed BSE, NSE, and Calcutta Stock Exchange about this development.
For shareholders, this means the AGM where they would typically review financials and approve key resolutions is delayed by up to 3 months due to the ongoing insolvency resolution process. The AGM delay signals that the company is still transitioning under the new acquirer (INSCO) and finalising post-resolution plan matters before presenting accounts to shareholders.