Hindusthan National Glass & Industries Limited — Board Meeting, 08-08-2025: Outcome of Board Meeting
08-08-2025 | 05:22 pm
08-08-2025 | 05:22 pm
Hindusthan National Glass announced key outcomes from its recent board meeting. The board approved financial results for the quarter ended June 30, 2025, showing a net profit of ₹2.13 Cr on revenue of ₹411.72 Cr. The company remains under Corporate Insolvency Resolution Process (CIRP). Its Committee of Creditors (CoC) re-approved the INSCO resolution plan with a 96.16% vote share, now awaiting NCLT approval. Auditors flagged significant financial distress, including accumulated losses and negative net worth, raising going concern doubts. The 79th Annual General Meeting is set for September 23, 2025.
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