Gmr Power And Urban Infra Limited has informed the Exchange regarding Change in Director(s) of the company.
GMRP&UI · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Awaiting price reaction for this filing.
Mr. Madhva Bhimacharya Terdal has stepped down from the position of Executive Director of GMR Power and Urban Infra Limited effective July 31, 2025, on account of his superannuation (retirement). He will, however, continue on the Board as a Non-Executive Non-Independent Director. Mr. Terdal is a career banker with 45 years of experience across India, Hong Kong, Singapore, and London, specializing in Investment Banking, Corporate Finance, and M&A. The company confirmed he is not debarred by SEBI or any other authority and is not related to any other director on the board.
This is a planned retirement rather than an abrupt exit, and the director remains on the board in a non-executive capacity, so there should be minimal disruption. Shareholders are unlikely to see a meaningful negative reaction as continuity is maintained and no governance red flags were flagged.