Description
Trading in HINDNATGLS equity shares to be suspended from September 3, 2025 following NCLT approval of resolution plan under IBC.
Summary
The National Stock Exchange has announced the suspension of trading in equity shares of Hindusthan National Glass & Industries Limited (HINDNATGLS) effective September 3, 2025. This follows the approval of a resolution plan by the National Company Law Tribunal (NCLT), Kolkata Bench, under the Insolvency and Bankruptcy Code, 2016. As per the approved resolution plan, existing equity shares will be cancelled and the company will be delisted.
Key Points
- NCLT Kolkata has approved the resolution plan for Hindusthan National Glass & Industries Limited under IBC 2016
- Existing equity shares will be cancelled without any further act from the effective date of the resolution plan
- Trading suspension implemented to avoid market complications
- Company equity shares will be delisted following the resolution plan
Regulatory Changes
No new regulatory changes introduced. Action taken under existing provisions of the Insolvency and Bankruptcy Code, 2016.
Compliance Requirements
- Members and market participants must cease trading in HINDNATGLS shares from September 3, 2025
- Shareholders should note that existing equity shares will be cancelled as per the NCLT-approved resolution plan
Important Dates
- September 2, 2025: Circular announcement date
- September 3, 2025: Trading suspension effective date
Impact Assessment
This suspension has significant impact on existing shareholders as their equity shares will be cancelled without further action required. The delisting removes the stock from exchange trading permanently. Investors holding HINDNATGLS shares will be affected by the complete loss of tradability and eventual cancellation of their holdings as per the IBC resolution plan.
Impact Justification
Complete suspension of trading and delisting of equity shares affects all shareholders