Key Event Details
The Board of Directors at its 388th meeting held on Tuesday, 3 November 2026 (commencing at 12:30 PM and concluding at 5:00 PM) appointed G. P. Kundargi (DIN: 08378473) as an Additional Director in the category of Non-Executive Director of the Company.
Effective Date and Terms
The appointment is effective from 12 November 2026. The director is liable to retire by rotation. The appointment is based on the recommendation of the Nomination and Remuneration Committee and subject to shareholders' approval through a Postal Ballot.
Director Qualifications and Background
G. P. Kundargi is not debarred from holding the office of a Director by virtue of any SEBI order or any other authority. He brings extensive technical and leadership experience in the mining and metals sector with a strong academic foundation in science and mineral processing. He holds a B.Sc. in Chemistry from Karnataka University and an M. Tech in Mineral Processing. He has significant proficiency in both opencast and underground mining operations, as well as mineral processing and beneficiation.
Previous Roles and Current Positions
He previously served as Chairman and Managing Director of MOIL Limited (formerly Manganese Ore India Limited). Currently serves as Director on the Board of Nava Limited, Royal Sandur Metals Private Limited (formerly Arjas Steel Private Limited), Hira Electro Smelters Limited, and Royal Sandur Hospitality Private Limited.
Director Relationships
No relationships exist between directors as disclosed in the annexure.
Rationale for Appointment
The appointment was made considering G. P. Kundargi's rich experience in the mining and metals industry, with the expectation that his continued association would be beneficial to the Company.
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