HMT appoints Varada and Mishra as independent directors
HMT Limited expands its Board with two independent directors, Dharmender Varada and Seema Mishra, effective August 17, 2026. The appointments, approved by the Ministry of Heavy Industries, bring expertise in finance, real estate, and social entrepreneurship to the state-owned undertaking. Both directors serve three-year terms with no disclosed conflicts of interest.
*this image is generated using AI for illustrative purposes only.
HMT Limited has appointed Dharmender Varada and Seema Mishra as non-official independent directors on its Board of Directors. The appointments are effective August 17, 2026, and follow a government order received from the Ministry of Heavy Industries on August 14, 2026.
The board notified the exchanges in compliance with Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. Both appointees have been cleared of any debarment from holding director offices by SEBI or other regulatory authorities.
Appointment Details
The new directors will serve for a term of three years from the date of the government order. Their tenure may be terminated earlier if further orders are issued by the relevant authority. HMT confirmed that neither Varada nor Mishra holds directorships in other listed companies, and there are no disclosed relationships between the directors.
Profile: Dharmender Varada
Dharmender Varada is a Chartered Accountant who secured All India 31st Rank in the CA Final examination in 1992. His professional background spans finance, real estate, retail, hospitality, and business development.
Key aspects of his profile include:
- Founded Novus Infra Pvt. Ltd. and Novus Constructions, focusing on quality and sustainable real estate projects.
- Experience in driving operational excellence in retail, hospitality, and quick service restaurant sectors.
- Proficient in audit, taxation, financial strategies, and QuickBooks Accounting Software.
- Languages spoken: Telugu, English, and Hindi.
Profile: Seema Mishra
Seema Mishra is a social entrepreneur and MSME professional with an MPharma degree from NMIMS University, Mumbai. She specializes in women empowerment, entrepreneurship, skill development, and social impact initiatives.
Her key credentials include:
- Director of Aryawart Vision Foundation and founder of Kaswarad Art Cluster, Madhya Pradesh’s first handloom cluster under the Ministry of MSME scheme with over 300 registered weavers.
- Proprietor of Maheshwari Creations, promoting authentic handloom products.
- Trained over 2,000 rural women and served as a National Textile Consultant for a UN Skill Development Programme.
- Co-authored pharmacy books and spoke at the G20 summit.
- Certified ToT Trainer with experience in CSR, market development, and industry-academia engagement.
Historical Stock Returns for HMT
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| +2.62% | -0.05% | -6.12% | +40.15% | +7.57% | +100.93% |
How might Dharmender Varada's expertise in real estate and operational excellence influence HMT's strategic focus on its infrastructure and manufacturing divisions?
What specific CSR or sustainability initiatives could Seema Mishra's background in social entrepreneurship and MSME development introduce to HMT's corporate governance framework?
Given the three-year tenure, what key performance indicators will the Ministry of Heavy Industries likely use to evaluate the impact of these new independent directors?
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