Members of the Exchange are hereby informed about the Delisting of Equity shares of Hindusthan National Glass & Industries Limited w.e.f. September 22, 2025, pursuant to Resolution plan approved by Hon ble National Company Law Tribunal (NCLT), Court No. III, Kolkata, under section 30(6) read with section 31 of Insolvency Bankruptcy Code, 2016, Regulation 39(4) of the Insolvency and Bankruptcy Board of India (Insolvency Resolution Process for Corporate Persons) Regulations, 2016 ( Code ).
Awaiting price reaction for this filing.
The equity shares of Hindusthan National Glass & Industries Limited will be delisted from the stock exchange with effect from September 22, 2025. This delisting follows a resolution plan approved by the National Company Law Tribunal (NCLT), Court No. III, Kolkata, under Sections 30(6) and 31 of the Insolvency and Bankruptcy Code, 2016, read with Regulation 39(4) of the IBBI (Insolvency Resolution Process for Corporate Persons) Regulations, 2016. The company has gone through the corporate insolvency resolution process, and its shares will no longer be tradable on the exchange once delisting takes effect.
Shareholders will no longer be able to trade these shares on the stock exchange after September 22, 2025. Existing equity holders are likely to receive little or no value under the approved resolution plan, as IBC processes typically prioritize creditors and the successful resolution applicant over existing shareholders.