The Orissa Minerals Development Company Limited has informed the Exchange regarding 'Appointment of Non Executive Chairman'.
ORISSAMINE · price
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The Orissa Minerals Development Company Limited (OMDC) has appointed Shri MNVS Prabhakar (DIN: 11711977), Chairman & Managing Director of Rashtriya Ispat Nigam Limited (RINL), as Non-Executive Chairman on the Board of OMDC with effect from 25.05.2026. He replaces Shri Manish Raj Gupta who held the position. RINL is the ultimate holding company of OMDC, making this an internal nomination from the parent entity. 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. He is not related to any director of the company and is not debarred from holding the office of director.
This is a routine leadership change from the parent company RINL and is unlikely to have any immediate impact on OMDC's stock price. The appointment maintains board compliance under the Companies Act, 2013 and SEBI LODR regulations.