National Aluminium Company Limited has informed the Exchange about Assignment of additional charge of Director (Finance) to Shri Brijendra Pratap Singh, Chairman-cum-Managing Director w.e.f. 01.05.2025.
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NALCO's Director (Finance) Shri Ramesh Chandra Joshi retired on April 30, 2025, upon reaching superannuation. To ensure continuity, the company's Chairman-cum-Managing Director (CMD), Shri Brijendra Pratap Singh, has been given the additional charge of Director (Finance) with effect from May 1, 2025. This interim arrangement will remain in place until a new full-time Director (Finance) joins or until further orders, whichever comes first. NALCO is a Government of India enterprise, and the Director (Finance) position is typically filled through a formal selection process by the Appointments Committee of the Cabinet.
This is a routine interim arrangement following a planned retirement and does not signal any governance concern. However, shareholders should watch for a permanent appointment of a new Director (Finance) in due course, as the prolonged absence of a full-time finance head could delay key financial decisions.