NMDC Steel Limited has announced a key leadership change, assigning additional charge of the Director (Finance) position to its current Chairman & Managing Director, Shri Amitava Mukherjee. The appointment comes as an interim measure to ensure continuity in the company's financial leadership.

Leadership Assignment Details

The assignment has been made through official orders from the Ministry of Steel, Government of India, demonstrating the government's direct involvement in the company's leadership structure as a state enterprise.

Regulatory Framework

The appointment has been formalized under Regulation 30 of SEBI (LODR) Regulations, 2015, which mandates disclosure of material events and information. The company has duly informed all major stock exchanges where its shares are listed.

Stock Exchange Notifications

NMDC Steel Limited has communicated this development to three stock exchanges:

• BSE Limited: Scrip Code 543768
• National Stock Exchange of India Limited: Security ID NSLNISP
• Calcutta Stock Exchange Limited: Scrip ID 74920

Government Orders and Authority

The assignment is backed by specific government orders that provide the legal framework for this interim arrangement. The Ministry of Steel issued Order No. S-14013/1/2024-BLA-Part(1) dated January 27, 2026, which references an earlier Order No. 4(3)/2022-NMDC dated March 20, 2023.

The appointment will remain effective until the earliest of three conditions: completion of the 3-month period, assumption of charge by a regular incumbent, or issuance of further orders from the government.

Company Background

NMDC Steel Limited operates as a Government of India enterprise with its registered office located at NMDC Iron & Steel Plant, Post: Nagarnar, District: Bastar, Chhattisgarh. The company holds Corporate Identity Number L27310CT2015GOI001618, reflecting its incorporation in 2015.

NMDC Steel Limited has announced a key leadership appointment, assigning additional charge of the Director (Personnel) position to Shri Joydeep Dasgupta, who currently serves as Director (Production). The appointment reflects the company's strategic approach to executive management during transitional periods.

Appointment Details

The assignment has been formalized through official government orders and carries specific tenure parameters:

Regulatory Framework

The appointment operates under a structured regulatory framework involving multiple government orders. The Ministry of Steel, Government of India issued Order No. S-14013/1/2025-BLA-Part(1) dated January 14, 2026, which references an earlier Order No. 4(3)/2022-NMDC dated March 20, 2023. This dual-order structure ensures proper authorization and continuity in the appointment process.

Compliance and Disclosure

NMDC Steel Limited has fulfilled its disclosure obligations under Regulation 30 of SEBI (LODR) Regulations, 2015, by notifying all relevant stock exchanges. The company communicated this development to BSE Limited (Scrip Code: 543768), National Stock Exchange of India Limited (Security ID: NSLNISP), and Calcutta Stock Exchange Limited (Scrip ID: 74920).

Corporate Structure Impact

The additional charge arrangement allows Shri Joydeep Dasgupta to oversee both production and personnel functions within the organization. This dual responsibility structure provides operational continuity while maintaining executive oversight across critical business functions. The three-month initial period offers flexibility for the company to evaluate long-term leadership arrangements.

The appointment demonstrates NMDC Steel Limited's commitment to maintaining robust governance standards while ensuring seamless operational management during leadership transitions.