Intimation regarding appointment of Independent Director on Board is hereby submitted
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The Ministry of Chemicals & Fertilizers, Government of India, has appointed Shri Subodh Paswan as Independent Director on the board of Hindustan Organic Chemicals Ltd (HOCL) effective 21 May 2025. The appointment has been made vide government order dated the same day and is for a period of three years, or until further orders, whichever is earlier. Since HOCL is a government-owned company, this is a nominee/appointed director from the administrative ministry rather than an external independent hire. The intimation has been made to BSE under SEBI Listing Regulations.
This is a routine government-driven board appointment with no direct material impact on shareholders or stock price. It strengthens board composition but is administrative in nature.