The Exchange had sought clarification from Hindustan Motors Limited for the quarter ended 31-Mar-2025 with respect to Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. On basis of above the Company was required to clarify the following: -1. Financial results not signed by authorized signatory/ies The response of the Company is enclosed.
Awaiting price reaction for this filing.
Hindustan Motors responded to NSE's query on its Q4 FY25 audited financial results, which were flagged because they were not signed by an authorized signatory. The company clarified that it currently has no permanent Chairman, Managing Director, or whole-time director on its Board. To address this, the Board passed a resolution on 22 May 2025 authorizing Mr. Uttam Bose, a Director (DIN 02340000), to sign the financial results on behalf of the Board. A certified copy of the board resolution has been submitted to the Exchange as supporting evidence.
This is a routine compliance clarification and is unlikely to move the stock. However, it highlights a leadership vacuum at the top of the company, with no permanent Chairman, MD, or whole-time director currently in place — a governance concern investors should note.