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DMR Engineering's Board, at its meeting on February 28, 2026, approved expanding the company's main objects clause to include Engineering Consulting and EPC services, Power Trading (including cross-border trade), and Renewable Energy power generation, energy storage, and transmission businesses. These changes require shareholder approval. Additionally, the Board appointed Mr. Man Mohan Madan as a Non-executive Director for a 2-year term. Mr. Madan brings about 50 years of experience in hydropower, dams, tunnels, and infrastructure, having previously served at NHPC, GVK Infra, Jindal Power, and LNJ Bhilwara Group, and is already serving as Chief Advisor (Hydro, Tunnels and Dams) at DMR.
The amendment signals a strategic diversification beyond the company's traditional hydro engineering focus into broader EPC consulting, power trading, and renewable energy sectors, which could open new revenue streams if approved by shareholders. The appointment of a highly experienced industry veteran as Non-Executive Director adds credibility to this diversification push.