Intimation under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, Appointment of Mr. Vemparala Dakshinamurty as Additional Director designated ....
Awaiting price reaction for this filing.
Gammon India has appointed Mr. Vemparala Dakshinamurty as an Additional Director designated as Whole Time Director, effective October 24, 2025, for a 3-year term (until October 23, 2028), subject to shareholder approval at the next AGM. Mr. Dakshinamurty is a long-serving insider who joined the company in 1978 and brings over 45 years of experience in accounts, finance, banking, and FEMA-related matters. The Board appointed him on the recommendation of the Nomination & Remuneration Committee. The company noted his expertise will help it navigate current financial challenges. He is not related to any existing director or key managerial personnel, and is not debarred by SEBI or any authority.
This is an internal appointment bringing a seasoned finance expert onto the Board, which could signal stability and continuity. The reference to 'current challenges' and the company's 'financial position' suggests Gammon India may be going through financial difficulties, and shareholders should watch for further updates on its financial health and turnaround efforts.