StockWatch
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Board Meeting10 Jul 2026, 06:00 pm

CMPDI Board Approves Audit Committee Reconstitution, Reviews Drilling Progress

AI Summary

Central Mine Planning & Design Institute Ltd (CMPDI) held its 310th Board meeting on July 10, 2026. The board reviewed the drilling progress for FY 2026-27 up to May 2026, noting an overall achievement of 99% of the target. Departmental drilling achieved 112% of its target, while outsourced drilling reached 92%. The company also reviewed the progress of 2D/3D Seismic surveys, achieving 78% of the target. Key decisions included the reconstitution of the Audit Committee and the Risk Management Committee, effective July 10, 2026. Additionally, M/s Deoki Bijay & Co. were appointed as Statutory Auditors for the Q1 FY27 limited review.

Key Highlights

  • Drilling progress for FY27 up to May 2026 stands at 99% of the target.
  • Departmental drilling exceeded target at 112%, outsourced drilling at 92%.
  • Audit Committee and Risk Management Committee have been reconstituted.
  • M/s Deoki Bijay & Co. appointed as Statutory Auditors for Q1 FY27 review.
  • Seismic survey achievement is at 78% of the target for FY27.