Hindusthan National Glass & Industries Limited has informed the Exchange that Record date for the purpose of Suspension of ISIN pursuant to Order of Hon'ble NCLT Kolkata Bench dt. Aug 14 & 2025 is 18-Sep-2025.
Awaiting price reaction for this filing.
Hindusthan National Glass & Industries Limited has informed NSE that a record date of 18-Sep-2025 has been set for the suspension of the company's ISIN, following an order from the Hon'ble NCLT Kolkata Bench dated August 14, 2025. Suspension of an ISIN is typically carried out when trading in a company's shares is to be halted, often in the context of insolvency or liquidation proceedings. This indicates that the company is undergoing a significant regulatory or insolvency-related event that has reached a stage requiring exchange action. Shareholders are likely to see their shares become untradeable after the record date.
This is a severe negative development for shareholders — once the ISIN is suspended, the stock cannot be traded on the exchange, effectively locking in investors and signalling that the company is in deep financial distress under NCLT proceedings. Existing shareholders face a high risk of total loss or deep haircut depending on the resolution plan.