The intimation regarding the retirement of Chairman & Managing Director of the company is hereby submitted
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Awaiting price reaction for this filing.
Shri Sajeev B has superannuated (retired) from the position of Chairman & Managing Director of HOCL with effect from May 31, 2025 (afternoon). He was originally appointed by the Ministry of Chemicals & Fertilizers in September 2021. As a succession arrangement, Shri Yogendra Prasad Shukla, the existing Director (Finance), has been given additional charge of the CMD role for three months or until further orders, whichever is earlier. This is a routine leadership transition at the PSU, with the government appointing an interim CMD.
Short-term impact on the stock is likely minimal as the transition is orderly and an interim CMD is already in place. Shareholders should watch for a permanent CMD appointment within the next three months, which could be a positive catalyst if an experienced industry leader is named.