Announced Fri, 8 May · 18:12 IST

Please find attached herewith is the Intimation of Regularisation of Appointment of Independent Directors.

Management Changes View source PDF

Price

Loading chart…

▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.

Price reaction · full curve 14 horizons · vs prior close
-9.3%1-day move
₹28.90
prior close
₹28.01
base price
After-mkt
timing
5m10m15m30m1D2D3D4D5D7D15D1M2M3M
+0.4-0.2-0.3+0.4-9.3-6.9-5.8-6.5-9.7-6.6-5.7-13.7-18.3
Up moveDown movePending
AI summary

Hazoor Multi Projects Limited has informed BSE that shareholders have approved the regularization of appointment of two Independent Directors through a Postal Ballot e-voting process. Mr. Kiran Vasantrao Kurundkar, a retired IAS officer with extensive experience in government administration and election management, has been appointed for a 5-year term (Feb 2026 to Feb 2031). Mr. Pradeep Kumar, a qualified Company Secretary with over 10 years experience in secretarial, legal, and compliance fields, has also been appointed for a 5-year term (Mar 2026 to Mar 2031). Both directors are Non-Executive Independent Directors and will not be liable to retire by rotation. The company confirms neither director is related to existing directors or debarred from holding office.

Likely market impact

This is a routine governance update strengthening the board with qualified independent directors. It enhances board independence and compliance with SEBI regulations, which is generally positive for corporate governance standards.