Darshini Udayankumar Kothari and persons acting in concert have disclosed a substantial disposal of shares in Hindustan Fluorocarbons Ltd under SEBI Regulation 29(2). The transaction involved the sale of 66,764 equity shares through open market operations on the BSE exchange.

Transaction Details

The share disposal was executed on 23-01-2026 through broker ARJ Securities Pvt Ltd (Registration No. INZ000237937). The transaction represents a strategic reduction in the group's shareholding position in the fluorochemicals company.

Shareholding Changes

The disposal resulted in a reduction of the group's collective stake in Hindustan Fluorocarbons Ltd. Prior to this transaction, the group held 982,043 shares representing 5.0106% of the company's total equity capital.

Persons Acting in Concert

The disclosure involves multiple entities acting in concert with Darshini Udayankumar Kothari:

• Udayankumar N. Kothari HUF
• Aditi Mrinal Shah
• Udayankumar N. Kothari
• Neeta U. Kothari

The regulatory filing confirms that the sellers do not belong to the promoter or promoter group of Hindustan Fluorocarbons Ltd. The group's holdings consist entirely of shares carrying voting rights, with no encumbrances, warrants, or convertible securities involved in the transaction.

Regulatory Compliance

The disclosure was filed in compliance with SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011. The formal notification was submitted to BSE Limited on 27-01-2026, maintaining transparency in substantial shareholding changes as required by regulatory frameworks.

Hindustan Fluorocarbons Limited has announced the appointment of Shri Sangram Kumar Mishra as Managing Director, following a government order issued on December 29, 2025. The appointment represents an additional charge assignment for Mishra, who currently serves as Chairman and Managing Director of Hindustan Organic Chemicals Limited (HOCL), the holding company of Hindustan Fluorocarbons.

Appointment Details

The Ministry of Chemicals & Fertilizers, Department of Chemicals & Petrochemicals, Government of India issued Order No.P-51011/01/2019-CHEM. III-CPC (Part) dated December 29, 2025, formally assigning the additional charge to Mishra. The appointment became effective from October 8, 2025.

Professional Background

Shri Sangram Kumar Mishra brings extensive experience to his new role, with over three decades of diverse expertise in executing high-value projects across multiple industrial sectors. His professional background encompasses:

• Core Sectors: Petroleum, Refining, Petrochemicals, Offshore, LNG, Pipeline, Power, Steel, and Infrastructure
• Key Strengths: Leadership, project management, and strategic execution
• Educational Qualifications: Electrical Engineering graduate from Utkal University and MBA degree holder

Corporate Structure and Governance

As a Government of India Company (Central Public Sector Enterprise), Hindustan Fluorocarbons operates under the administrative control of the Ministry of Chemicals & Fertilizers, Department of Chemicals and Petro Chemicals. The appointment authority for directors rests with the administrative ministry, Government of India, reflecting the company's public sector status.

Regulatory Compliance

The announcement was made in compliance with Regulation 30 read with Schedule III (Part A) of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The disclosure also adheres to SEBI Circular CIR/CFD/CMD/4/2015 dated September 9, 2015, ensuring full transparency regarding the leadership change.

Mishra's appointment strengthens the leadership structure of Hindustan Fluorocarbons, bringing his proven track record in managing complex industrial projects and his deep understanding of the chemicals and petrochemicals sector to guide the company's operations.