Management Change12 Oct 2026, 06:21 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 term of 5 years, commencing October 12, 2026. The company also approved the incorporation of a wholly-owned subsidiary, EVERGRID PVT. LTD. The appointment of Mr. Nayak is subject to shareholder approval, and a postal ballot notice will be issued. 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.
Key Highlights
- Appointment of Mr. Rabindra Nath Nayak as Additional Director approved.
- Director appointment term is for 5 years from October 12, 2026.
- Company to incorporate a new wholly-owned subsidiary.
- Shareholder approval required for director appointment.
- Mr. Nayak has extensive experience in the power sector.
Price Impact
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