Hindustan Zinc Limited has informed the Exchange about Resignation of Director/KMP/SMP

Kmp ResignedDirector Flagged GovernanceManagement Changes View source PDF

HINDZINC · price

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₹615.00

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₹598.65

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AI summary

Ms. Pallavi Joshi Bakhru has resigned as Independent Director of Hindustan Zinc Limited, effective April 30, 2026. Her resignation is due to her new association as Designated Partner at Grant Thornton Bharat LLP and the appointment of Walker Chandiok & Co LLP (both member firms of Grant Thornton International) as statutory auditors for certain Vedanta Group companies. She confirmed no other material reasons for her departure. Simultaneously, Dr. Aruna Sharma, a retired IAS officer from the 1982 Madhya Pradesh cadre and former Secretary, Ministry of Steel, has been appointed as Additional Independent Director for a one-year term starting May 1, 2026, subject to shareholder approval.

Likely market impact

The resignation appears to be a routine governance compliance matter rather than a concern, as it was triggered by independence rules for audit firms. The appointment of Dr. Aruna Sharma, with her extensive government and policy experience, should provide continuity to the board.