Hindustan Aeronautics Limited has informed the Exchange regarding Change in Director(s) of the company.
HAL · price
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Hindustan Aeronautics Limited (HAL) has informed the stock exchanges that the Ministry of Defence has withdrawn the nomination of Shri Shalabh Tyagi as Government Nominee Director with effect from 21st May, 2025. Tyagi had served on the board from 10th September, 2024 to 21st May, 2025. In his place, the Board has approved the appointment of Shri Amit Satija, a 2008-batch IAS officer from the AGMUT cadre who is currently serving as Joint Secretary in the Ministry of Defence (Department of Defence Production), as Part-time Official Director (Government Nominee Director) effective the same date, until further government orders, subject to shareholder approval.
This is a routine government-nominee director change at a public sector undertaking and does not affect the company's operations, management, or financials. Shareholders are unlikely to see any meaningful impact on stock price or business strategy, as HAL remains fully government-owned and the new appointee continues the same government oversight role.