Mumbai, May 14, 2023 – The future of chemical manufacturer Hikal Industries is hanging in the balance as a bitter feud between its sibling promoters threatens to derail the company’s growth prospects. Corporate governance watchdog, InGovern, has raised concerns over the ongoing power struggle within the company, highlighting the potential risks to shareholders and the overall stability of Hikal Industries.
InGovern, a leading advisory firm specializing in corporate governance and shareholder activism, has issued a report outlining the contentious situation unfolding at Hikal Industries. The report emphasizes the detrimental impact of the conflict on the company’s ability to operate effectively and deliver long-term value to its stakeholders.
According to InGovern’s analysis, the power struggle between the sibling promoters has caused significant disruptions in Hikal’s management and decision-making processes. This internal turmoil has resulted in delays in critical strategic initiatives, including expansion plans and product development, which could potentially hamper the company’s competitive position in the market.
The report further states that the lack of cohesive leadership and a clear vision for Hikal Industries have eroded investor confidence and raised concerns among shareholders. The continuous bickering and public spats between the warring siblings have created an atmosphere of instability, which could discourage potential investors and impact the company’s stock performance.
InGovern has urged the board of directors at Hikal Industries to take swift action to address the ongoing dispute and restore stability within the company. The watchdog recommends appointing an independent mediator or seeking external expertise to facilitate a resolution between the warring factions.
The future of Hikal Industries hangs in the balance as the power struggle between the sibling promoters shows no signs of abating. The company’s shareholders and stakeholders anxiously await a resolution that will pave the way for sustainable growth and secure the long-term prospects of the chemical manufacturer.
