NMDC Limited has informed the Exchange about change in Management
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NMDC Limited has appointed two new Non-Official Independent Directors — Shri Bharat Baburo Patil and Shri Mahendra Singh Rao — on the Board for a period of three years from May 15, 2025, based on a Ministry of Steel, Government of India order. Shri Patil brings over 25 years of experience in education, infrastructure, and public administration, while Shri Rao has 25+ years in the mining industry and runs multiple mines in Rajasthan. The updated Board now has 5 Functional Directors, 1 Government Nominee Director, and 3 Non-Official Independent Directors. Both appointees are not debarred from holding directorship by any SEBI order, and neither has any inter se relationship with existing Board members.
This is a routine government-mandated board appointment with no material impact on operations or financials. Shareholders may note strengthened board diversity, including mining-sector expertise from Shri Rao which could be relevant to NMDC's core business.