Management Change26 May 2026, 06:11 pm
OMDC Appoints MNVS Prabhakar as Non-Executive Chairman
AI Summary
Orissa Minerals Development Company Ltd (OMDC) has appointed Shri MNVS Prabhakar, Chairman & Managing Director of Rashtriya Ispat Nigam Limited (RINL), as Non-Executive Chairman, effective May 25, 2026. This appointment follows a nomination from RINL, the ultimate holding company, and replaces Shri Manish Raj Gupta. Shri Prabhakar is not related to any Director of the Company and is not debarred from holding the office of Director by any order passed by SEBI or any other such authority.
Key Highlights
- MNVS Prabhakar appointed Non-Executive Chairman of OMDC.
- Appointment effective May 25, 2026, replacing Manish Raj Gupta.
- Prabhakar is currently Chairman & Managing Director of RINL.
- He is not related to any OMDC director and is not debarred by SEBI.
- Board composition complies with Companies Act, 2013 and SEBI regulations.
Price Impact
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