Engineers India Limited has informed the Exchange regarding Change in Director(s) of the company.
ENGINERSIN · price
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Engineers India Limited (EIL), a PSU under the Ministry of Petroleum & Natural Gas, has informed the stock exchanges that Shri Praveen M. Khanooja (DIN: 09746472) has been given the additional charge of the post of Chairman & Managing Director with effect from 1 March 2026. Shri Khanooja is currently serving as Additional Secretary in the Ministry of Petroleum & Natural Gas since August 2022 and belongs to the 1994 batch of the Indian Audit & Accounts Service (IA&AS). He holds a B.Tech in Chemical Engineering and an M.Tech in Management & Systems, and has extensive experience in government audit, finance, and petroleum sector roles. The filing confirms he is not debarred from holding a director's office under any SEBI or other authority order, and has no inter-se relationship with other EIL directors. This is presented as a continuation of an earlier intimation dated 1 March 2026, suggesting an interim/temporary leadership arrangement.
This is an 'additional charge' appointment, meaning the new CMD continues in his existing government role while temporarily heading EIL — typically a stop-gap arrangement. For shareholders, this signals continuity in government oversight rather than a strategic leadership shift, and could introduce some uncertainty until a permanent CMD is appointed.