Hindustan Zinc Share Price in Focus as CFO Sandeep Modi Resigns from his Role

Hindustan Zinc Limited has announced a change in its senior leadership, with its finance head set to exit later this month. The development marks a transition phase for the company’s financial management structure. 

Resignation and Timeline Details 

As per the exchange filings, Sandeep Modi, Chief Financial Officer of Hindustan Zinc, has tendered his resignation from the role.  

His resignation was submitted on May 4, 2026, and will come into effect at the close of business hours on May 30, 2026. 

With this, Modi will step down from his responsibilities within the company’s leadership team, concluding his tenure in the organisation’s finance function.  

The transition timeline allows for a structured handover of duties before his final exit. 

Reason for Exit and Statement 

The reason cited for his departure is to pursue opportunities outside the organisation. Modi has clarified that there are no additional factors influencing his decision beyond this career move. 

In his resignation communication, he acknowledged the support and cooperation extended to him during his time with the company.  

He expressed gratitude towards the board, senior management, and colleagues, highlighting the collaborative environment during his tenure.  

He also stated his commitment to ensuring a smooth transition process and supporting the company during the handover phase. 

Company Response and Next Steps 

Hindustan Zinc recognised Modi’s contributions and placed on record its appreciation for his role during his tenure. The company also conveyed its best wishes for his future professional journey. 

Looking ahead, the company is expected to initiate steps for appointing a new Chief Financial Officer.  

Further updates regarding the succession plan are anticipated in due course, as the organisation works to maintain continuity in its financial operations. 

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Hindustan Zinc Share Price Performance  

As of 04 May 2026, at 3:30 AM, Hindustan Zinc Limited share price closed at ₹606.80 per share, reflecting a surge of 1.82% from the previous closing price.  

Conclusion 

The resignation of a key executive such as the CFO represents an important leadership change, with Hindustan Zinc now entering a transition phase. The focus will remain on ensuring operational stability while preparing for the next phase of financial leadership. 

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