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DMR Engineering's board, at its meeting on February 28, 2026, approved amending the company's Main Objects Clause to include three new business areas: Engineering Consulting and EPC services, Power Trading (including cross-border trade), and Renewable Energy generation/storage/transmission. These changes need shareholder and regulatory approval. The board also appointed Mr. Man Mohan Madan (DIN: 03244335) as an additional Non-Executive Director for a 2-year term, effective immediately. Mr. Madan brings around 50 years of experience in hydropower, dams, hydro and metro tunnels, and highways, and is already serving as Chief Advisor (Hydro, Tunnels and Dams) at DMR. His appointment is also subject to shareholder approval at the next general meeting.
For shareholders, this signals a strategic pivot from a purely hydro-focused engineering firm into broader EPC, power trading, and renewable energy businesses, potentially opening new revenue streams but also introducing execution and regulatory risks. The addition of a senior industry veteran with deep hydropower credentials may strengthen technical capability and credibility as the company diversifies.