Management Change12 Oct 2026, 06:20 pm
Skipper Ltd Appoints Rabindra Nath Nayak as Additional Director
AI Summary
Skipper Ltd announced that its Board of Directors has approved the appointment of Mr. Rabindra Nath Nayak as an Additional Director (Non-Executive Independent) for a period of 5 years, commencing October 12, 2026. This appointment is subject to shareholder approval. The board also approved the incorporation of a wholly-owned subsidiary. Mr. Nayak brings over 40 years of experience in the power sector, having previously served as Chairman & Managing Director of Power Grid Corporation of India Limited. He holds a Master's in Electrical Engineering from IIT, Kharagpur and is not related to any existing directors of Skipper Ltd.
Key Highlights
- Appointment of experienced industry veteran Mr. Rabindra Nath Nayak as Additional Director.
- Appointment is for a term of 5 years, subject to shareholder approval.
- Company to incorporate a new wholly-owned subsidiary.
- Mr. Nayak has extensive experience in the power sector, including leadership roles at PGCIL.
- Director Nayak is not related to any existing directors of the company.
Price Impact
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