Hatsun Agro Product Limited Announces Demise of Independent Director V R Muthu
Hatsun Agro Product Limited announced the demise of Independent Director Mr. V R Muthu on March 4, 2026, describing it as an irreparable loss. He served on key committees including Audit, Nomination and Remuneration, and Stakeholders Relationship Committees. The company has complied with SEBI disclosure requirements and informed stock exchanges about the cessation of his directorship and committee memberships.
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Hatsun Agro Product Limited has announced the sad and untimely demise of Mr. V R Muthu, Independent Director of the company, on March 4, 2026. The company informed both BSE and NSE about this development in compliance with regulatory requirements under SEBI Listing Regulations.
Board Leadership Changes
Mr. V R Muthu, who held Director Identification Number (DIN) 01908841, served as an Independent Director on the company's board. His sudden passing has been described by the company as an "irreparable loss." The board of directors and employees have conveyed their deep sympathy, sorrow, and condolences to his family during this difficult time.
Committee Memberships Affected
The director's demise has resulted in changes to the composition of several key board committees. Mr. Muthu was an active member of multiple important committees that oversee critical aspects of corporate governance.
| Committee: | Status |
|---|---|
| Audit Committee: | Ceased membership |
| Nomination and Remuneration Committee: | Ceased membership |
| Stakeholders Relationship Committee: | Ceased membership |
Regulatory Compliance
The company has fulfilled its disclosure obligations under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The notification was made in accordance with Part A of Schedule III to the SEBI Listing Regulations and the SEBI Master Circular dated January 30, 2026.
| Particulars: | Details |
|---|---|
| Reason for Change: | Death of Mr. V R Muthu (DIN: 01908841) |
| Date of Cessation: | March 4, 2026 |
| Position: | Independent Director |
Corporate Communication
The formal intimation was signed by C Sathyan, Vice Chairman of Hatsun Agro Product Limited, who holds DIN 00012439. The communication was digitally signed and submitted to both stock exchanges on the same day as the unfortunate incident. The company has requested the exchanges to take this information on record and ensure appropriate dissemination to stakeholders.
This development marks a significant change in the board composition of the dairy products company, particularly affecting the oversight functions of key committees responsible for audit, remuneration, and stakeholder relations.
Historical Stock Returns for Hatsun Agro Product
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| -1.33% | -0.32% | +1.99% | -0.82% | +0.40% | +27.79% |
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