Announcement under Regulation 30 (LODR) - Resignation of Shri Neeraj Kumar Sureka, Independent Director of the Company w.e.f. 11.07.2025
Awaiting price reaction for this filing.
Hindusthan National Glass & Industries Ltd announced that Independent Director Shri Neeraj Kumar Sureka (DIN: 02231914) resigned effective July 11, 2025, citing increasing professional commitments. In his resignation letter, he confirmed there are no other material reasons for stepping down and that he has no claims against the company. Mr. Sureka chaired three key board committees — Audit Committee, Stakeholders' Relationship Committee, and Nomination & Remuneration Committee — and was a member of the CSR Committee, all of which he has now vacated. Importantly, the company is currently undergoing a Corporate Insolvency Resolution Process (CIRP), making board composition especially sensitive. The company has filed the required disclosures under SEBI LODR Regulation 30.
On its own, this looks like a routine personal-reason departure with no governance red flags. However, with the company already under insolvency proceedings, the simultaneous loss of three committee chairpersons may briefly affect governance oversight until replacements are appointed.