Mazagon Dock Shipbuilders Limited has informed the Exchange regarding Cessation of Mr (Dr.) Vivek Atul Bhuskute as Independent Director of the company w.e.f. April 21, 2026.
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Mazagon Dock Shipbuilders has informed the exchanges that two Non-Official Independent Directors — Dr. Vivek Atul Bhuskute (DIN: 09417992) and Smt. Veni Thapar (DIN: 01511724) — will cease to be Directors of the company effective April 21, 2026. Both directors were appointed on April 21, 2025 for a fixed one-year tenure, and their departure is on completion of that term rather than due to any resignation or governance issue. The disclosure was made under SEBI LODR Regulation 30 by the Company Secretary. The board will now need to fill these two independent director positions in due course.
This is a routine, expected exit linked to the end of a one-year tenure and is unlikely to materially affect the stock price or operations. Shareholders should, however, keep an eye on who the government nominates as replacements, given Mazagon Dock is a key defence PSU.