Hisar Metal Industries appointed Mr. Manish Jain and Mr. Shreyaskar Chaudhary as Additional Directors designated as Non-Executive Independent Directors for a term of five years commencing May 30, 2026, subject to shareholder approval. The board accepted the resignations of Mr. Rajender Kumar Leekha and Mr. Sanjay Kumar Jain from their positions as Independent Directors effective the close of business on May 30, 2026. These changes were approved by the Board of Directors in a meeting held on May 30, 2026, pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Mr. Manish Jain, aged about 53 years, holds an LL.B. and possesses 25 years of experience in Civil, Arbitration, Commercial, and Corporate Litigation, currently practising as an Advocate in Hisar. Mr. Shreyaskar Chaudhary brings over 25 years of experience in the apparel and fashion industry, with expertise in people management, start-ups, product development, and business operations. He is a Textile Technology graduate from UMIST, Manchester (UK), and holds prominent roles including Vice Chairman of the Textile Sector Skill Council and Chairman of The Madhya Pradesh Textile Mills Association.

The resignations of Mr. Leekha and Mr. Jain were accepted effective May 30, 2026. In their resignation letters, both directors cited that they had not qualified the online proficiency test and were pre-occupied with their own business or elsewhere. They confirmed that there were no other material reasons for their resignations other than those mentioned. The company disclosed that neither resigning director holds directorships in any other listed entities.

The terms of appointment for both new directors are effective from May 30, 2026, up to May 29, 2031, subject to the approval of members by way of a Special Resolution. The company confirmed that neither appointee is debarred from holding the office of director by virtue of any SEBI order or any other authority.

Board Composition Changes

Hisar Metal Industries Limited has informed the stock exchanges that the entire promoter holding of the company remained unencumbered during the financial year ended March 31, 2026. This disclosure was made pursuant to Regulation 31(4) of the SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011.

The filing was submitted by Abhiram Tayal, a promoter of the company, on behalf of the promoter group. The declaration confirms that the shares held by the promoters, including co-promoters and Persons Acting in Concert (PACs), were not encumbered directly or indirectly throughout the specified period.

Shareholding Details

The disclosure provides specific details regarding the shareholding structure of the promoter group as of the reporting date. The total holding includes shares owned by the promoter, co-promoters, and PACs.

The company stated that the entire promoter holding of 33,05,025 equity shares, constituting 61.20% of the equity share capital, is free from any encumbrance. The disclosure was formally addressed to the Corporate Relationship Department of the Bombay Stock Exchange and the Corporate Listing Department of the National Stock Exchange of India.