DMR Engineering Limited's Board of Directors held a strategic meeting on February 28, 2026, approving key business expansion initiatives and leadership appointments that position the company for growth in emerging sectors. The board session commenced at 5:00 p.m. IST and concluded at 5:58 p.m. IST, addressing critical matters requiring regulatory compliance under SEBI regulations.

Business Expansion Through Amended Objects Clause

The board approved comprehensive amendments to the company's Main Objects Clause, subject to shareholder approval in the upcoming general meeting. These strategic additions will enable DMR Engineering to diversify its service portfolio across multiple high-growth sectors.

The amendments require consequential changes to the Memorandum of Association and approval from shareholders in the ensuing general meeting, along with other statutory authorities as may be required.

Leadership Enhancement with Industry Veteran

The board appointed Mr. Man Mohan Madan (DIN: 03244335) as additional director in the capacity of Non-executive Director with immediate effect from February 28, 2026. His appointment includes a two-year term, pending shareholder approval at the ensuing general meeting.

Extensive Professional Background

Mr. Madan brings approximately 50 years of national and international experience spanning hydropower, dams, hydro tunnels, highway, and metro rail tunnels. His educational credentials include a B.Tech in Civil Engineering from G B Pant University of Agriculture & Technology, Pantnagar, along with PGDHRM and MBA from IGNOU.

His career trajectory encompasses significant roles across public and private sectors, starting in 1976 with MN Dastur & Co and NHPC, where he rose to Regional Executive Director. His private sector leadership includes CEO (Hydro) at LNJ Bhilwara Group, Director (Hydro) at GVK Infra Group, and President and CEO at Jindal Power Limited for 6000 MW hydro projects.

Professional Recognition and Expertise

Mr. Madan holds fellowship memberships in prestigious institutions including the Indian National Academy of Engineering (FINAE), Institution of Engineers India (FIE), and Institution of Valuers (FIV). His specialization encompasses tunnel execution using DBM, NATM, NTM, and TBM technologies, along with construction of various dam types and diaphragm walls.

Regulatory Compliance and Next Steps

The company has fulfilled disclosure requirements under Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The board confirmed that Mr. Madan maintains no relationships with existing directors and faces no debarment from holding directorial positions by SEBI or other authorities. Both the business expansion initiatives and directorial appointment await shareholder approval at the company's upcoming general meeting.

DMR Engineering Limited has announced the receipt of a substantial work order for solar power project execution in Bihar, marking a significant development for the renewable energy-focused company.

Project Details and Scope

The company has secured a contract for the EPC (Engineering, Procurement, and Construction) execution of a 1.00 MW (AC) Solar PV project located at PSS-Kharagpur, Munger, in the state of Bihar. The project has been awarded by Mrs. Bibha Rani Yadav, operating as a sole proprietorship firm, representing a domestic client engagement.

Financial and Commercial Terms

The total contract value stands at Rs. 4,00,00,000 (Rupees Four Crore only), which includes GST amount. The project carries a completion timeline of 6 months from the commencement date. This represents a purely domestic engagement with no international components involved in the execution.

Regulatory Compliance and Disclosure

DMR Engineering Limited disclosed this information to the BSE SME Platform under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The company confirmed that neither the promoter, promoter group, nor group companies have any interest in the entity that awarded the contract. Additionally, the order does not fall within the purview of related party transactions.

Company Background

The disclosure was signed by Ravinder Kumar Bhatia, Company Secretary and Compliance Officer of DMR Engineering Limited (formerly DMR Hydroengineering & Infrastructures Limited). The company trades on the BSE SME Platform under scrip code 543410, positioning itself in the renewable energy and infrastructure development sector.