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DMR Engineering's Board meeting on May 9, 2026 approved multiple leadership changes. Two new Executive Directors were appointed: Mr. Divay Mittal (son of Chairman Subhash Chander Mittal) for a 5-year term, bringing 15 years of consulting experience from PwC and currently serving as EVP since February 2024; and Mr. Arvind Bhat for a 2-year term, a 40-year hydropower veteran who retired as Executive Director from NHPC. The company also appointed Mr. Nakul Yadav as Internal Auditor for FY 2026-27 and 2027-28. Meanwhile, Mr. Krishan Kumar Gupta retired from his Non-executive Director position as the Board did not recommend his re-appointment. All appointments are subject to shareholder approval in the ensuing general meeting.
The appointment of Mr. Divay Mittal, being the son of the Chairman, suggests a potential succession planning move, which may attract investor attention. The addition of Mr. Arvind Bhat brings extensive hydropower sector expertise that could strengthen the company's operations.