Hindusthan National Glass & Industries Limited has informed the Exchange regarding Resignation of Mr Neeraj Kumar Sureka as Independent Director of the company w.e.f. July 11, 2025.
Awaiting price reaction for this filing.
Hindusthan National Glass & Industries Limited has informed the stock exchanges that Mr. Neeraj Kumar Sureka (DIN: 02231914) has resigned as an Independent Director of the company with effect from July 11, 2025. He cited 'increasing professional commitments' as the reason and confirmed he has no claims against the company. He also stepped down as Chairperson of the Audit Committee, Stakeholders' Relationship Committee, and Nomination and Remuneration Committee, and as a member of the CSR Committee. Importantly, the company is currently undergoing a Corporate Insolvency Resolution Process (CIRP).
This is a single independent director exit with routine personal reasons and no governance red flags. However, the departure of someone chairing three key board committees, including the Audit Committee, during an ongoing insolvency process may temporarily affect board-level oversight and committee functioning.