MMTC Limited has appointed Kundan Kumar Mishra as Director (Finance) on its Board, effective August 3, 2026. The appointment follows an office order from the Department of Commerce, Ministry of Commerce & Industry, Government of India, dated June 28, 2026. This leadership change is part of the company’s governance structure update under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

The appointment was made pursuant to the recommendation of the Public Enterprises Selection Board (PESB) and approved by the Competent Authority in pursuance of the Secretariat of the Appointments Committee of the Cabinet. Mishra’s consent to hold office was recorded on August 3, 2026, and the filing with stock exchanges was completed after receiving approval from all directors on August 6, 2026.

Appointment Details

Kundan Kumar Mishra, aged 54, has been appointed for a period of five years or until further orders, whichever is earlier. He joins from NTPC Limited, where he served as Additional General Manager. His pay scale is fixed at ₹1,80,000-₹3,40,000 (IDA).

Professional Background

Mishra is a graduate in Chemistry and a Fellow Member of Cost & Works Accountant. He possesses over 28 years of professional experience. Prior to his role at NTPC Limited, he worked as DGM/CFO at KBUNL, a subsidiary of NTPC. He has also held the position of AGM (Business Development) and worked at CMHQ Ranchi.

His experience includes strengthening strategic financial planning, negotiation with stakeholders, and monitoring total operations. He has been responsible for the maintenance of budget and capital budget controls throughout his career.

Regulatory Compliance

The company confirmed that Mishra is not debarred from holding the office of Director by virtue of any order passed by the Securities and Exchange Board of India or any other authority. He has no relationship with any of the existing directors of MMTC Limited. The intimation was submitted to NSE Limited and BSE Limited in compliance with SEBI Master Circular No. SEBI/HO/CFD/PoD2/CIR/P/0155 dated November 11, 2024.

MMTC Limited has notified the National Stock Exchange of India Ltd and Bombay Stock Exchange Limited that the tenure of Nabarun Nayak as Non-Executive Independent Director on its Board expires on August 2, 2026. The intimation, issued on August 3, 2026, carries no immediate financial impact but marks a scheduled change in the company’s governance structure.

The disclosure was made in compliance with Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations 2015. Ajay Kumar Misra, Company Secretary of MMTC Limited, signed the communication to the exchanges.

Key Details

The expiration is a routine procedural event tied to the maximum term limits for independent directors under Indian corporate governance norms. No successor has been named in this filing, and no further action by shareholders is required at this stage.