The Orissa Minerals Development Company Limited has informed the Exchange regarding ''.
ORISSAMINE · price
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The Orissa Minerals Development Company Limited has informed the exchanges about the appointment of Shri S. Sharad Rao as Government Nominee Director on its board, effective 11.06.2025, until further orders. He replaces Smt. Swapna Bhattacharya, Deputy Director General, Ministry of Steel. The appointment was made by the President of India, on the recommendation of the Ministry of Steel, under the company's Articles of Association. Shri Rao is an experienced civil servant with over 12 years in strategic leadership roles across the Ministry of Defence, Ministry of Steel, and regulatory bodies like FSSAI. OMDC is a government company under the Ministry of Steel, so this is a routine rotation of its government-nominated board representative.
This is a routine change of the government's nominee on OMDC's board and is unlikely to have any material impact on the company's operations or shareholder value. Investors should note that since OMDC is a government undertaking, board changes are directed by the Ministry of Steel rather than the company's management.