Hindustan Construction Company Limited has informed the Exchange regarding Demise of Mr. Arun Karambelkar, Independent Director of the company on November 02, 2025.
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Hindustan Construction Company Limited has informed the stock exchanges about the demise of Mr. Arun Karambelkar, an Independent Director, on November 2, 2025. Mr. Karambelkar had been serving on the Board since 2011 and contributed significantly to the company's governance and operations. Consequent to his passing, he has ceased to be an Independent Director of the company with immediate effect. The company has filed the disclosure under SEBI Listing Regulations and attached the required Annexure A as per SEBI's master circular. The Board and employees have conveyed their condolences to his family.
This is a governance event with limited direct impact on the stock. The company will need to fill the vacant Independent Director position within the timelines prescribed under SEBI rules to maintain board composition compliance.