Mishra Dhatu Nigam Limited has informed the Exchange about change in Management
MIDHANI · price
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Mishra Dhatu Nigam Limited (MIDHANI) has disclosed that the tenure of three Independent Directors concluded on April 17, 2026. The departing directors are Smt. V.T. Rema, Shri Ajay Kumar Chauhan, and Ms. Aruna Sarap. All three were Part-time Non-official Independent Directors whose appointments were governed by a Ministry of Defence letter. This effectively reduces the board's independent director count by three, potentially impacting board composition and committee structures. The company filed this disclosure under SEBI LODR Regulation 30.
The simultaneous conclusion of three independent directors' tenures represents a significant change in board composition for this defence PSU. This may raise concerns about board independence and governance continuity until new directors are appointed. Shareholders should monitor for replacement appointments.