Haryana Leather Chemicals Ltd shares jump 5.28% as board approves continuation of Pankaj Jain as Managing Director
Why did Haryana Leather Chemicals Ltd shares jump today?
Haryana Leather Chemicals Ltd shares experienced a notable surge of today, closing at as of . This upward movement came in response to a positive announcement following the company's board meeting.
The primary reason for the jump was the board's decision to continue as the Chairman & Managing Director, even after he attains the age of 70. This is a significant move because it ensures the continuation of experienced and stable leadership at the top of the company. The decision, subject to shareholder approval at the upcoming Annual General Meeting, removes any uncertainty about a potential change in the company's management.
Investors likely reacted positively to this news, viewing it as a sign of stability and confidence in the existing leadership's ability to steer the company forward. The clarification that Mr. Jain is not debarred by any regulatory authority further reinforces this positive sentiment, providing assurance about the company's governance and future direction.
What does Haryana Leather Chemicals Ltd do?
Haryana Leather Chemicals Limited is located at 1405 B, Signature Towers, South City -1 in Gurugram, India. The company can be contacted via phone, fax, and email, and its website is listed as leatherchem.com.
The company's Board of Directors recently held a meeting on August 8, 2026. A key decision made was to continue Mr. Pankaj Jain as the Chairman & Managing Director of the company following his attainment of the age of 70 years, subject to shareholder approval.
Haryana Leather Chemicals Ltd Financials
In CroresHaryana Leather Chemicals Ltd reported revenue growth from ₹11.78 Crores in December 2025 to ₹14.72 Crores in March 2026, indicating an increase in sales. However, profit declined from ₹0.57 Crores to ₹0.39 Crores over the same period, suggesting that rising costs or other factors impacted bottom-line performance despite the top-line expansion.
Haryana Leather Chemicals Ltd Shareholding Pattern
Promoter holding stands at 41.28% of the total share capital. Foreign Institutional Investors (FIIs) hold 0.0% stake in the company, while Domestic Institutional Investors (DIIs) hold 0.12%. Public shareholders hold the remaining 58.620000000000005% stake in Haryana Leather Chemicals Ltd.
Haryana Leather Chemicals Ltd FAQs
Q: Why did Haryana shares jump 5.28% today?
Outcome of Board Meeting - Continuation of Mr. Pankaj Jain as Managing Director on attaining the age of 70 years .. This corporate action caught investor attention, leading to increased trading activity in the stock.
Q: What is the shareholding pattern of Haryana Leather Chemicals Ltd?
As per the latest data, promoters hold 41.28% stake in Haryana Leather Chemicals Ltd, while FII holding stands at 0.0%. Domestic institutional investors hold 0.12%, and public shareholders account for 58.620000000000005% of the equity.
Q: What is the current stock price of Haryana Leather Chemicals Ltd?
Haryana Leather Chemicals Ltd shares are currently trading at ₹64.75, recording a gain of 5.28% from the previous close.
Q: What is the market capitalization of Haryana Leather Chemicals Ltd?
The company currently has a market capitalization of ₹31.78 crore, reflecting its valuation in the Indian equity market.