Intimation of appointment of Shri Kishor Chamanlal Doshi (DIN: 00518387) as an Additional Non-Executive Non-Independent Director of the Company pursuant to approval of the Monitoring Committee ....
Awaiting price reaction for this filing.
HNGIL, currently under Corporate Insolvency Resolution Process (CIRP), has appointed Shri Kishor Chamanlal Doshi (DIN: 00518387) as an Additional Non-Executive Non-Independent Director effective August 25, 2025. The appointment was made by the Monitoring Committee set up after the NCLT, Kolkata approved Independent Sugar Corporation Limited's (INSCO) resolution plan to acquire the company. Mr. Doshi, a Chartered Accountant since 1980 with over 45 years of experience in audit, tax, corporate law and finance, currently serves as Finance Head at Saurashtra Impex Ltd, Mumbai. His appointment is for a limited purpose — to execute documents and filings needed to implement the approved resolution plan — and he will hold office until the next AGM, subject to shareholder approval.
This is a transitional governance change tied to the company's emergence from insolvency under the INSCO resolution plan. Shareholders should expect further board reshuffling as the new management takes control; no material change in business operations is implied by this filing alone.