Mazagon Dock Shipbuilders Limited has informed the Exchange regarding Appointment of Mr Kedar Nath Gupta as Non- Executive Independent Director of the company w.e.f. May 21, 2025.
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Mazagon Dock Shipbuilders has appointed Mr. Kedar Nath Gupta (DIN: 06460508) as a Part-time Non-Official Independent Director on its Board, effective May 21, 2025. He will serve for a period of 3 years from the date of notification, or until further orders, whichever is earlier. Mr. Gupta is a Science and Law graduate from Raipur, Chhattisgarh, and has been in public service since 1989, having served twice as Vice Chairman of the Chhattisgarh Tourism Board (2008 and 2016). He is not debarred by SEBI or disqualified under Section 164 of the Companies Act, 2013, and has no familial relationship with any existing director.
This is a routine regulatory disclosure regarding the induction of an Independent Director, fulfilling board composition norms. No material impact on the stock price or existing shareholders is expected from this appointment.