NMDC Limited has announced a change in its board composition following the superannuation of its Director (Personnel). The state-owned mining company informed stock exchanges about the cessation of Smt. Priyadarshini Gaddam from her directorial position effective 31.01.2026.

Board Transition Details

Smt. Priyadarshini Gaddam, who held Director Identification Number (DIN) 10977645, was appointed as Director (Personnel) by the Ministry of Steel, Government of India through Order No. 3(3)/2020-BLA dated 28.02.2025. Upon reaching the age of superannuation on 31.01.2026, she ceased to be Director (Personnel) and was relieved from the company's services on the same date.

Current Board Composition

Following the transition, NMDC Limited's board now comprises 10 directors distributed across three categories. The functional directors include Shri Amitava Mukherjee serving as Chairman & Managing Director with additional charge as Director (Finance), Shri Vinay Kumar as Director (Technical) with additional charge as Director (Commercial), and Shri Joydeep Dasgupta as Director (Production) with additional charge as Director (Personnel).

Functional Directors Structure

Government and Independent Directors

The board also includes two government nominee directors from the Ministry of Steel: Shri Ashish Chatterjee, Additional Secretary & Financial Advisor (DIN: 07688473), and Shri Abhijit Narendra, Joint Secretary (DIN: 07851224). The independent directors category comprises four non-official members including Shri Sanjay Tandon, Shri Bharat Baburao Patil, Shri Mahendra Singh Rao, and Shri Achal Kumar Sinha.

Regulatory Compliance

The announcement was made in compliance with Regulation 30 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015. NMDC Limited communicated the board changes to BSE Limited, National Stock Exchange of India Limited, and The Calcutta Stock Exchange Limited through their respective listing platforms. The company secretary Pravin Shekhar digitally signed the disclosure document dated 01.02.2026.

NMDC Limited has announced a key leadership development with its Chairman and Managing Director taking on additional responsibilities in the finance function. The Ministry of Steel, Government of India has issued specific orders regarding this organizational change.

Leadership Assignment Details

The Ministry of Steel has communicated through Order No. S-14013/1/2024-BLA-Part(1) dated January 27, 2026, that Shri Amitava Mukherjee, Chairman and Managing Director of NMDC Limited, will assume additional charge of the Director (Finance) position.

Regulatory Compliance

NMDC Limited has fulfilled its disclosure obligations under Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The company communicated this development to multiple stock exchanges where its shares are listed.

The announcement was simultaneously sent to:

• BSE Limited (Scrip Code – 526371)
• National Stock Exchange of India Limited (Scrip Code – NMDC)
• The Calcutta Stock Exchange Limited (Scrip Code – 24131)

Corporate Communication

The official communication was signed by Pravin Shekhar, Company Secretary & Compliance Officer, and digitally authenticated on January 28, 2026. This appointment represents a temporary organizational structure adjustment while the company manages its senior leadership positions.

The three-month initial period provides flexibility for the Ministry of Steel to issue further orders regarding the Director (Finance) position, ensuring continuity in NMDC's financial operations during this transitional phase.