Hindustan Organic Chemicals Limited announced the conclusion of Shri Vinay Kumar Sharma's tenure as Independent Director on June 5, 2026. The Ministry of Chemicals & Fertilizers, Department of Chemicals & Petrochemicals, had appointed him for a one-year term effective from June 5, 2025, or until further orders. The company stated it has not received any communication from the administrative ministry regarding an extension of his tenure.

The appointment was made under order No.P-53013/8/2019-CHEM.III-CPC. The disclosure was submitted to BSE Limited in compliance with Regulation 30 read with Schedule III (Part A) of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Appointment Details

The company confirmed that the one-year tenure has concluded as per the initial order. Subramonian H, Company Secretary & Compliance Officer, signed the announcement on behalf of Hindustan Organic Chemicals Limited.

Hindustan Organic Chemicals Ltd temporarily shut its Hydrogen Peroxide plant located in Kochi, Kerala, effective June 3, 2026, due to a significant increase in raw material prices and low demand in the market. The company will monitor market conditions to determine the appropriate steps for reopening the facility at the earliest. The specific date for resuming operations at the Kochi plant will be communicated separately in due course.

The decision to halt production was taken in response to adverse market conditions impacting the cost and demand dynamics of the chemical sector. By temporarily suspending operations, the company aims to mitigate the financial impact of elevated input costs while awaiting a recovery in market demand.

Operational Impact

The shutdown affects the manufacturing capabilities of the Hydrogen Peroxide unit at the Kochi location. The company has not provided a timeline for the resumption of activities, indicating that the restart is contingent upon the stabilization of raw material costs and an improvement in demand.

The disclosure was made in compliance with Regulation 30 read with Schedule III Part A Para B of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. Subramonian H, Company Secretary & Compliance Officer, signed the announcement on behalf of Hindustan Organic Chemicals Ltd.