Mishra Dhatu Nigam Limited has informed the Exchange about change in Management
MIDHANI · price
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Mishra Dhatu Nigam Limited (MIDHANI), a Government of India defence enterprise, has informed the exchanges that Shri Gown Sankara Rao Naramsetti ceased to hold the position of Director (Finance) and Chief Financial Officer (CFO) with effect from June 1, 2025. The Ministry of Defence has approved the existing Chairman & Managing Director, Dr. S.V.S. Narayana Murty, to take additional charge of the Director (Finance) post for an initial period of three months from June 1, 2025, or until a regular incumbent is appointed. The arrangement is interim in nature and pending a permanent appointment.
The CFO exit is a senior-level change but the finance function is being managed by the CMD on an interim basis, so there is no immediate leadership vacuum. Investors should watch for the announcement of a permanent CFO/Director (Finance) in the coming months, as prolonged interim arrangements can affect financial oversight and decision-making. Short-term impact on the stock is likely limited.