Intimation under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, Appointment of Mr. Ashok Bhutada as Additional Director Designated as Independent ....
Awaiting price reaction for this filing.
Gammon India Limited has appointed Mr. Ashok Bhikamchand Bhutada as an Additional Director designated as Independent Director, effective from 11th June 2025. He is a Civil Engineer with over 40 years of experience in construction, having worked on bridges, industrial structures, and hydro/nuclear power projects across India, Nepal, and Bhutan. His previous stints include Gammon India itself, Continental Constructions, Cemindia, and Patel Engineering (last role: Senior Vice President). Subject to shareholder approval, he will serve a five-year term ending 10th June 2030, and is not related to any existing director or KMP.
This is a routine board strengthening move that adds deep construction-industry expertise to the board. For shareholders, it signals renewed focus on core infrastructure expertise but is unlikely to have any immediate impact on the stock price.