Hisar Metal Industries Limited has informed the Exchange regarding Outcome of Board Meeting held on May 30, 2026. for Resignation of Directors
HISARMETAL · price
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Hisar Metal Industries Limited announced the resignation of two Independent Directors - Mr. Rajender Kumar Leekha and Mr. Sanjay Kumar Jain - effective from the closing hour of May 30, 2026. Both directors also resigned from all board committees they were members of. The reason cited for both resignations is failure to qualify the online proficiency test, along with pre-occupations in their own business elsewhere. Both directors have confirmed that there are no other material reasons behind their resignation. Neither director holds any directorship in other listed entities.
The simultaneous resignation of two Independent Directors raises governance concerns as it reduces board independence and may impact committee compositions. Investors should monitor for replacement appointments to maintain proper board structure.