Damodar Industries Limited has informed the Exchange regarding Outcome of Board Meeting held on March 17, 2026.
DAMODARIND · price
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Damodar Industries' board met on March 17, 2026 and approved several items. The board appointed Mr. Suresh Narayan Nayak (DIN: 11588587) as an Additional Director in the Non-Executive Independent category for a 5-year term, subject to shareholder approval. He brings over three decades of banking experience from YES Bank, Axis Bank, HDFC Bank, and Syndicate Bank, with expertise in retail banking, cash operations, and RBI compliance. The board also appointed Mr. Subrat Shukla as the new Company Secretary and Compliance Officer, effective the same day, replacing the previous incumbent. Additionally, the board approved the cost audit report for FY2024-2025 and initiated a postal ballot process, appointing an e-voting agency and a scrutinizer (Vishal N Manseta).
For shareholders, this is a routine governance update. The induction of a new independent director and company secretary strengthens the board's compliance profile, while the postal ballot will give shareholders a direct vote on the new director's appointment. No material financial or strategic impact is indicated.