Hisar Metal Industries Limited has informed the Exchange regarding Outcome of Board Meeting held on May 30, 2026 for Appointment of Directors
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Hisar Metal Industries Limited's Board meeting on May 30, 2026 resulted in two new Independent Director appointments and two resignations. Mr. Manish Jain (a practising Advocate with 25 years of legal experience) and Mr. Shreyaskar Chaudhary (a textile industry veteran with 25+ years experience in apparel and sustainability) were appointed as Additional Directors in the Non-Executive Independent category, each for a five-year term (May 30, 2026 to May 29, 2031), subject to shareholder approval. Concurrently, Mr. Rajender Kumar Leekha and Mr. Sanjay Kumar Jain resigned from their Independent Director positions effective the closing hours of May 30, 2026. The resignations were accepted on the recommendation of the Nomination and Remuneration Committee.
The simultaneous resignation of two independent directors could signal governance concerns or underlying issues, though the board has moved quickly to fill vacancies with qualified candidates. Shareholder approval for the new appointments will be required at the next general meeting.