HMT Limited has announced the appointment of Shri N Ramesh Kumar as Chairman & Managing Director (Additional Charge), effective March 25, 2026. The appointment follows the completion of Shri Rajesh Kohli's tenure and comes with comprehensive leadership credentials from Bharat Heavy Electricals Limited (BHEL).

Leadership Appointment Details

The Ministry of Heavy Industries, Government of India, through its order dated March 24, 2026, approved the entrustment of additional charge to Shri N Ramesh Kumar, who currently serves as Executive Director (SBD) at BHEL. The appointment is subject to ex-post facto approval from the Appointments Committee of the Cabinet (ACC).

Professional Background and Expertise

Shri N Ramesh Kumar brings over 35 years of industry experience to HMT Limited. He graduated from BITS, Pilani with BE (Hons) Mechanical Engineering and joined BHEL's Electronics Division at Bangalore in August 1990 as a Graduate Engineer Trainee. He subsequently pursued Post Graduation (PGDMM) from IGNOU and received advanced leadership training at IIM-Ahmedabad and IIM-Bangalore.

Technical Expertise and Achievements

During his tenure at BHEL, Shri N Ramesh Kumar worked across diverse advanced technology areas including Gas Turbine Controls, Distributed Control Systems, new product development, strategic planning, material procurement and management, and erection and commissioning of various solar projects. He led teams in design, engineering, and commissioning of Gas Turbine Controls for refineries and captive power plants in both domestic and overseas projects.

His recent responsibilities as Executive Director in BHEL Bangalore included EPC for solar projects (floating, ground mount, and rooftop), development of new products for substation and transmission business, creation of manufacturing facilities for Indian Railway's wheel casting, and establishment of a Centre of Excellence for KAVACH (Train collision and avoidance systems).

Regulatory Compliance and Transition

HMT Limited has fulfilled its disclosure obligations under Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The company confirmed that Shri N Ramesh Kumar is not debarred from holding the office of Director by virtue of any order passed by SEBI or any other authority. The appointment announcement was signed by Kishor Kumar S, AGM (Company Secretary), ensuring proper corporate governance protocols during this leadership transition.

HMT Limited has officially announced the dissolution of its wholly owned subsidiary HMT Watches Limited, marking the end of the subsidiary's corporate existence. The announcement was made to stock exchanges under Regulation 30 of SEBI (LODR) Regulations, 2015.

Dissolution Details

The dissolution process reached completion with HMT Watches Limited being struck off from the Register of Companies under Section 248(2) of the Companies Act, 2013. The striking off became effective from 02.03.2026, formally ending the subsidiary's legal status.

Timeline of Events

The dissolution process began earlier when HMT Limited communicated to stock exchanges on 05.01.2026 regarding the filing of an application for striking-off HMT Watches Limited with the Ministry of Corporate Affairs, Government of India. This initial communication set the formal process in motion for the subsidiary's dissolution.

Regulatory Compliance

The announcement was made in compliance with regulatory requirements under SEBI (LODR) Regulations, 2015. HMT Limited, being a government undertaking, has fulfilled its disclosure obligations by informing both BSE Limited and National Stock Exchange of India Limited about this corporate development.

The communication was signed by Kishor Kumar S, AGM (Company Secretary) of HMT Limited, and was digitally authenticated on 02.03.2026. This formal closure represents a significant corporate restructuring move by the government-owned enterprise.