Semac Construction re-appoints Harivansh Dalmia as WTD for five years
Semac Construction Ltd has re-appointed Harivansh Dalmia as Whole Time Director for five years, effective August 29, 2026. The move, approved by the Board on August 14, 2026, requires shareholder consent at the next AGM. Dalmia is related to the company's CMD, Abhishek Dalmia.
*this image is generated using AI for illustrative purposes only.
Semac Construction Limited has approved the re-appointment of Mr. Harivansh Dalmia as Whole Time Director for a further term of five years. The Board of Directors made the decision during its meeting held on August 14, 2026, following a recommendation from the Nomination and Remuneration Committee.
The new term is effective from August 29, 2026. The re-appointment is subject to the approval of shareholders at the company’s forthcoming Annual General Meeting (AGM).
Appointment Details
Mr. Dalmia, who holds DIN 08750555, brings diversified experience in statutory audit from a leading multinational accounting firm. His professional background includes working with listed and unlisted clients across various industries, including consumer electronics, refractories, and IT services.
| Detail | Information |
|---|---|
| Name | Mr. Harivansh Dalmia |
| Designation | Whole Time Director |
| Term Duration | Five years |
| Effective Date | August 29, 2026 |
| Status | Subject to AGM approval |
Related Party Disclosure
The filing discloses that Mr. Harivansh Dalmia is related to Abhishek Dalmia, the Chairman and Managing Director of Semac Construction, and Mrs. Deepali Dalmia, a Director of the company. This relationship is disclosed pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.
Regulatory Compliance
The disclosure was made in compliance with Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, read with Schedule III and SEBI Circular No. SEBI/HO/CFD/CFDPoD1/P/CIR/2023/120 dated July 11, 2023. The Board meeting commenced at 10:00 am and concluded at 3:50 pm on August 14, 2026.
Historical Stock Returns for Semac Construction
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| +3.08% | +5.48% | -0.87% | +18.86% | -38.72% | -23.76% |
How might the re-appointment of a family-related executive as Whole Time Director influence investor confidence regarding corporate governance and independence at Semac Construction?
What specific strategic initiatives or operational targets is Mr. Dalmia expected to prioritize during his new five-year term given his background in statutory audit?
Could the upcoming AGM approval process reveal any dissenting views from institutional shareholders regarding the related-party appointment?
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