Resignation of directors
HISARMETAL · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Two Independent Directors of Hisar Metal Industries Ltd have resigned from the Board effective May 30, 2026. Mr. Rajender Kumar Leekha and Mr. Sanjay Kumar Jain both cited failing to qualify the mandatory online proficiency test as the primary reason for their resignation. Both directors also mentioned being pre-occupied with their own business commitments. They have confirmed there are no other material reasons behind their exit. The company has filed this intimation under SEBI Listing Regulations, Regulation 30, which mandates disclosure of such board-level changes.
The simultaneous resignation of two Independent Directors reduces the Board's independence and may raise concerns about governance structure, especially since both cited regulatory non-compliance (failed proficiency test) as a reason. Shareholders should monitor whether the company appoints replacements to maintain the required composition of Independent Directors on the Board and its committees.