HISARMETALNSEHisar Metal Industries LimitedMediumNegative
Announced Sat, 30 May · 16:06 IST

Hisar Metal Industries Limited has informed the Exchange about Resignation of Director/KMP/SMP

Multiple Ind Directors ResignedDirector Flagged GovernanceManagement Changes View source PDF

HISARMETAL · price

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▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.

Price reaction · full curve 14 horizons · vs prior close
-3.6%1-day move
₹148.50
prior close
base price
After-mkt
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5m10m15m30m1D2D3D4D5D7D15D1M2M3M
-3.6-3.2-2.0+1.0+0.3-1.7+7.7+3.0
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AI summary

Two Independent Directors of Hisar Metal Industries Limited have resigned effective 30th May 2026. Rajender Kumar Leekha (DIN:03597751) cited pre-occupation in his own business and failure to qualify the online proficiency test as reasons. Sanjay Kumar Jain (DIN:02817520) also cited pre-occupation elsewhere and not qualifying the proficiency test. Both directors confirmed no other material reasons for their resignation. The resignations come from closing hours of 30th May 2026.

Likely market impact

Simultaneous resignation of two Independent Directors reduces board independence and may raise governance concerns for investors. The proficiency test requirement is a regulatory compliance issue under the Companies Act.