Outcome of Board Meeting of Board of Directors held on 20-05-2026- Updates
CMPDI · price
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CMPDIL's Board of Directors met on 20 May 2026 and announced four key outcomes. First, the board was reconstituted effective 11 May 2026 with the appointment of Shri Anand Mohan as Director (Technical), bringing the total strength to seven directors including the CMD and two Part-Time Official Directors. Second, the company reported strong drilling progress in April 2026 (FY 2026-27), achieving 103% of its target with about 11% year-on-year growth, with total 2D/3D seismic survey also hitting 100% of target. Third, the board approved a draft 3-year MoU with NTPC Mining Ltd for continued consultancy services in mine development and operations, replacing the earlier MoU that expired on 05 May 2026, with fees chargeable project-to-project under prevailing norms and no direct financial commitment involved. Fourth, Statutory Auditor M/s Deoki Bijay & Co. was appointed as Tax Auditor for FY 2025-26 at a remuneration of ₹1,17,950 plus GST.
The reconstitution adds technical depth to the board. Strong drilling and seismic performance signals robust execution in FY 2026-27. The NTPC MoU renewal secures a key client relationship for consultancy revenue over the next three years without any immediate financial risk.