Additional charge of Director (Finance), NMDC Steel Limited assigned to Smt. Priyadarshini Gaddam, Director (Personnel).
Awaiting price reaction for this filing.
NMDC Steel Limited has assigned the additional charge of Director (Finance) to Smt. Priyadarshini Gaddam, who is currently serving as Director (Personnel) at the company. This temporary arrangement is for an initial period of 3 months effective from March 6, 2025, or until further orders, whichever comes first. The decision is based on a Ministry of Steel, Government of India order dated April 3, 2025. Since NMDC Steel is a government-owned entity, this is an internal administrative appointment by the Ministry rather than an external hiring.
This is a routine temporary arrangement with no change in ownership or business direction. Shareholders should note that the Director (Finance) post is being handled on an additional-charge basis, which may be a signal that a permanent appointee is yet to be finalized. Short-term impact on stock price is expected to be neutral.