Members of the Exchange are hereby informed that the trading in equity shares of Hindusthan National Glass & Industries Limited (ISIN: INE952A01022) shall be suspended w.e.f. September 03, 2025, pursuant to approval of the resolution plan by the Hon'ble National Company Law Tribunal (NCLT), Kolkata Bench.
Awaiting price reaction for this filing.
Trading in the equity shares of Hindusthan National Glass & Industries Limited (ISIN: INE952A01022) will be suspended from September 03, 2025. The suspension follows the approval of a resolution plan by the NCLT, Kolkata Bench under the Insolvency and Bankruptcy Code (IBC). This indicates that the company's corporate insolvency resolution process (CIRP) has concluded with a successful resolution. The company is among the older players in the Indian container glass industry and has been undergoing financial stress.
Existing shareholders are likely to face significant dilution or total loss of value, as approved resolution plans under IBC typically restructure equity. The stock will not be tradable on the exchanges after September 3, 2025, making it illiquid for investors.