Hisar Metal Industries Appoints Two Independent Directors, Registers Two Resignations
Hisar Metal Industries Limited announced significant changes to its board composition, detailing the appointment of two new Non-Executive Independent Directors and the acceptance of resignations from two existing directors. The Board of Directors held a meeting on May 30, 2026, and formalized these changes.The Company appointed Mr. Manish Jain and Mr. Shreyaskar Chaudhary as Additional Directors, designated as Non-Executive Independent Directors. Both appointments are effective from May 30, 2026, and are set for a term of five consecutive years, running until May 29, 2031, pending approval by the shareholders.
Mr. Manish Jain, DIN: 00300805, is an advocate practicing in Hisar and brings 25 years of experience in Civil, Arbitration, Commercial, and Corporate Litigation. Mr. Jain confirmed that he has no relationship with any current director of the Company.
Mr. Shreyaskar Chaudhary, DIN: 00059059, brings extensive experience of over 25 years in the apparel and fashion industry. He is recognized for his pioneering work in sustainable practices and has driven the early adoption of initiatives such as WE, LOOP, ALLURE, Fairtrade Apparel Production, Cradle to Cradle, Regenerative Organic Certification (ROC), ZDHC, and Bluesign both in India and globally. Chaudhary is also a founding member of key global sustainability platforms, including Textile Exchange and the Sustainable Apparel Coalition (SAC).
The details of the newly appointed directors are summarized below:
| Director's Name | DIN | Role | Tenure Details |
|---|---|---|---|
| Mr. Manish Jain | 00300805 | Non-Executive Independent Director | May 30, 2026, to May 29, 2031 (subject to shareholder approval) |
| Mr. Shreyaskar Chaudhary | 00059059 | Non-Executive Independent Director | May 30, 2026, to May 29, 2031 (subject to shareholder approval) |
The Company also confirmed the acceptance of the resignations of Mr. Rajender Kumar Leekha (DIN: 03597751) and Mr. Sanjay Kumar Jain (DIN: 02817520). These resignations are effective from the closing hour of May 30, 2026.
Mr. Shreyaskar Chaudhary maintains several prominent roles alongside his directorships, including Industry Member at the NIFT Alumni Industry Advisory Board (NAIAB), Chairman of The Madhya Pradesh Textile Mills Association, and Vice Chairman of the Textile Sector Skill Council (TSSC).
HISARMETAL Stock Price Movement
On Friday, shares of Hisar Metal Industries Limited slipped by 1.95% to close at ₹147.6. The equity saw trading volume of 694 shares during the session, marking a downward trend for the stock.Disclaimer: Due care and diligence have been taken in compiling and presenting news and market-related content. However, errors or omissions may arise despite such efforts.
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