HMT Limited has informed the Exchange about General Updates
HMT · price
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HMT Limited has informed the stock exchanges that the Ministry of Heavy Industries, Government of India, has approved the appointment of Shri. N. Ramesh Kumar as Chairman and Managing Director of HMT Limited on additional charge basis. Shri. Ramesh Kumar is currently serving as Executive Director (SBD) at Bharat Heavy Electricals Limited (BHEL). The additional charge is for a period of one year effective 25 March 2026, or till a regular incumbent joins, whichever is earlier, and is subject to approval from the Appointment Committee of the Cabinet (ACC). The company will complete the necessary appointment formalities under the Companies Act, 2013 and SEBI LODR Regulations.
This is a government-led leadership change at PSU HMT Limited, bringing in a senior executive from BHEL on a temporary basis. For shareholders, this signals continued administrative oversight by the Ministry of Heavy Industries rather than a permanent strategic appointment, which may limit near-term decisiveness on the company's revival plans.