Hindusthan National Glass & Industries Ltd-has informed BSE that the meeting of the Board of Directors of the Company is scheduled on 20/05/2025 ,inter alia, to consider and approve Audited ....
Awaiting price reaction for this filing.
Hindusthan National Glass & Industries Ltd has informed BSE that a meeting of the Resolution Professional (RP) and Directors will be held on May 20, 2025 via video conference to consider and approve the Audited Financial Results for the quarter and full year ended March 31, 2025. The company is explicitly noted as 'undergoing Corporate Insolvency Resolution Process' (CIRP) under the IBC framework, meaning a Resolution Professional is managing the company's affairs. The trading window for dealing in the company's securities remains closed from April 1, 2025 until 48 hours after the results announcement (i.e., up to May 22, 2025).
Shareholders should note the company remains under CIRP, and the audited results will be released under RP oversight rather than standard board governance. The results could be material for the insolvency resolution process and any revival plan being considered.