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.

Hindustan Fluorocarbons Limited (HFL) has reported a net profit of Rs 24.93 lakh for the quarter ended September 30, compared to a loss of Rs 3.00 lakh in the previous quarter. The company's financial performance shows improvement as it continues to navigate through its closure and delisting process.

Financial Performance

HFL's total income for the quarter increased to Rs 80.20 lakh, consisting entirely of other income. This reflects the company's non-operational status following the government-approved closure of its factory in January 2020.

The company's total expenses increased to Rs 55.27 lakh, but were offset by the higher income, resulting in a profit for the quarter.

Corporate Governance

The Board of Directors approved the unaudited financial results and addressed several key matters in their meeting:

1. Appointment of Statutory Auditors for the financial year 2025-26 by CAG and fixing their fee.
2. Other governance matters were also discussed.

Regulatory Challenges

HFL faces a regulatory challenge as BSE has imposed a fine of Rs 4.55 lakh plus GST for non-compliance with SEBI's Listing Obligations and Disclosure Requirements (LODR) for Q1 FY2025-26. In response, the company has submitted a waiver application to BSE, seeking complete waiver of all fines. HFL's management noted that the company is under the delisting process and that BSE had previously waived similar fines under comparable circumstances.

Closure Status

HFL's factory closure, which was approved by the Government of India on January 29, 2020, has progressed significantly. The company has completed closure activities, including:

1. VRS payments to employees
2. Settlement of bank loans
3. Sale of plant and machinery in March 2023

The proceeds from the sale of assets have been deposited as fixed deposits in SBI.

Looking Ahead

As Hindustan Fluorocarbons Limited continues its delisting process, the company faces the dual challenges of managing its financial position and addressing regulatory compliance issues. The outcome of the waiver application to BSE and the progression of the delisting process will be crucial factors in determining the company's path forward.

Investors and stakeholders will be closely watching how HFL navigates these challenges in the coming months, particularly in light of its non-operational status and the ongoing process of winding down its affairs.