HMTNSEHMT Limited· Automobiles - 4 WheelersHighNeutral
Announced Wed, 25 Mar · 21:16 IST

HMT Limited has informed the Exchange regarding Appointment of Mr N Ramesh Kumar as Chairman & Managing Director of the company w.e.f. March 25, 2026.

Ceo Appointed ExternalManagement Changes View source PDF

HMT · price

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Price reaction · full curve 14 horizons · vs prior close
-5.4%1-day move
₹60.38
prior close
₹59.00
base price
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AI summary

HMT Limited has appointed Mr. N Ramesh Kumar as Chairman & Managing Director with additional charge, effective March 25, 2026. He currently serves as Executive Director (Solar Business Division) at Bharat Heavy Electricals Limited (BHEL) and has been given this additional responsibility for a period of one year, or until a regular CMD joins, whichever is earliest. The appointment is subject to ex-post facto approval from the Appointments Committee of the Cabinet (ACC). Mr. Kumar, aged 57, is a BITS Pilani Mechanical Engineering graduate with over 35 years of experience across gas turbine controls, solar EPC, railway traction, and strategic planning at BHEL. He is not debarred from holding a directorship by SEBI or any other authority.

Likely market impact

This is a temporary leadership arrangement from a fellow government PSU (BHEL), bringing experienced technical and project management expertise to HMT. Shareholders should note this is not a permanent appointment and the company is still awaiting a regular CMD, which may create some leadership uncertainty in the near term.