Mishra Dhatu Nigam Limited has informed the Exchange regarding 'Update on appointment of Chairman and Managing Director'.
MIDHANI · price
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Mishra Dhatu Nigam Limited (MIDHANI), a Government of India defence enterprise, has announced the appointment of Dr. S.V.S. Narayana Murty as its new Chairman & Managing Director. The appointment was conveyed by the Department of Defence Production, Ministry of Defence via a letter dated April 15, 2025. He will be in the pay scale of Rs. 1,80,000 – Rs. 3,20,000 (IDA Pattern) and will serve until his superannuation on December 31, 2029, or until further orders. His DIN application is currently being processed, and the exact date of him assuming charge will be communicated later.
Provides leadership clarity at the top of this defence PSU. As a government-appointed CMD, the appointment is not expected to materially disrupt operations, but investors will await further disclosures about the incoming chief's strategic direction.