Appointment of Non-executive Chairman
ORISSAMINE · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
OMDC has appointed Shri MNVS Prabhakar, Chairman & Managing Director of Rashtriya Ispat Nigam Limited (RINL), as the new Non-Executive Chairman on the Board of OMDC. He replaces Shri Manish Raj Gupta with effect from 25.05.2026. This change follows RINL's nomination letter dated 25.05.2026, as RINL is the ultimate holding company of OMDC. Shri Prabhakar assumed charge as CMD of RINL on 12.05.2026 and brings over three decades of experience in the Indian steel sector, having previously served as Executive Director at NMDC Steel Limited where he led operational turnaround initiatives. The company confirms compliance with Companies Act, 2013 and SEBI LODR requirements.
This is a routine board change driven by the holding company leadership transition. For shareholders, this signals continuity of government control with a new experienced nominee from RINL taking the chairmanship position.