Proceeding of AGM is attached.
Awaiting price reaction for this filing.
Hindustan Fluorocarbons Limited held its 42nd AGM on 25th September 2025 at 3:30 PM via video conferencing, attended by 38 shareholders with Shri Yogendra Prasad Shukla chairing the meeting. The Chairman informed members that the Cabinet Committee on Economic Affairs (CCEA) has directed closure of the company, all production activities have been stopped, and there were no production and sales during FY 2024-25. The Chairman also stated the company is in the process of delisting. Six ordinary resolutions were tabled, including approval of audited FY 2024-25 financials, re-appointment of Shri Yogendra Prasad Shukla as HOCL Nominee Director, appointment of Shri Anurag Chandra as Government Nominee Director, appointment of Shri M J Jagadeesh as HOCL Nominee Director, authorization for auditor remuneration for FY 2025-26, and appointment of M/s. ASKBN and Company as Secretarial Auditor for five years from FY 2025-26. The statutory auditors' report had no qualifications, adverse observations, or comments. Holding company HOCL owns 56.43% of HFL shares.
This is a significant event for shareholders as it confirms the company remains on a closure and delisting path with no operational revenue in FY 2024-25. Investors should expect continued uncertainty around the stock's future, with delisting proceedings likely to follow the formal closure process directed by the government.