StockWatch
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Other Industrial Products
Management Change11 Aug 2026, 05:12 pm

Oriental Rail Infrastructure Ltd Appoints New MD, Reappoints Independent Director

AI Summary

Oriental Rail Infrastructure Ltd announced significant management changes following a Board Meeting on August 11, 2026. Mr. Saleh N Mithiborwala has been appointed as the new Managing Director for a five-year term, succeeding Mr. Karim N Mithiborwala who resigned. Mrs. Sheetal Nagda has been re-appointed as an Independent Director for another five-year term. The company also approved the re-appointment of Mr. Tahaa S Mithlborwala as an Additional Director and Whole-Time Director. Unaudited financial results for the quarter ended June 30, 2026, were approved, along with the declaration of a record date for a final dividend. The company reported an order book of ₹1,691.91 Crores.

Key Highlights

  • Saleh N Mithiborwala appointed Managing Director.
  • Karim N Mithiborwala resigns as Managing Director.
  • Sheetal Nagda reappointed Independent Director for 5 years.
  • Unaudited financial results for Q1 FY27 approved.
  • Record date set for final dividend payment.