Hindusthan National Glass & Industries Limited has informed the Exchange regarding Change in Director(s) of the company.
Awaiting price reaction for this filing.
Hindusthan National Glass & Industries Limited (HNGIL) has appointed Shri Kishor Chamanlal Doshi (DIN: 00518387) as an Additional Non-Executive Non-Independent Director effective August 25, 2025. This appointment is part of implementing the resolution plan approved by the NCLT Kolkata on August 14, 2025, under which Independent Sugar Corporation Limited (INSCO) is taking over the company through the Corporate Insolvency Resolution Process. Shri Doshi is a Chartered Accountant with over 45 years of experience in audit, income tax, corporate law, and bank finance, and currently serves as Finance Head at Saurashtra Impex Ltd. He will hold office until the conclusion of the AGM for FY2024-25 and is subject to shareholder approval. His role is specifically for executing documents and filing forms required to implement the approved resolution plan.
This is a structural change signaling the new management (INSCO) is formally taking control of the board as the insolvency resolution process moves toward completion. Shareholders can expect further board changes as the resolution plan is fully implemented, and the stock may see volatility tied to the revival process.