The consequent to the open offer the following directors have resigned as directors of the company 1. Pranav Kapur, Director 2. Sunny Srivastava, Independent Director 3. Mannu Kohli, ....
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Hindustan Agrigenetics Limited informed BSE that five directors have resigned from the Board, effective from the Board meeting held on 18 October 2025. The resignations include Ms. Chandani Kapur (Executive Director & CFO), Mr. Pranav Kapur (Non-Executive Non-Independent Director), and three Independent Directors — Ms. Mannu Kohli, Mr. Naren Parsai, and Mr. Sunny Shrivastava. The reason cited for all resignations is a change in promoter/management of the company as a consequence of an open offer. The Board accepted the resignations at its meeting on 18.10.2025. The filing suggests a complete overhaul of the previous promoter-linked Board following a takeover via open offer.
This signals a major change in control of the company. Shareholders should expect a new Board composition aligned with the incoming promoter/acquirer. The stock may see heightened activity as the new management outlines its strategy for the company.