Key Quantitative Figures

  • Director age: 71 years (Rabindra Nath Nayak, born 23.09.1955)
  • Proposed tenure: 5 years (from 12th October 2026 to 11th October 2031)
  • Cut-off date for shareholder eligibility: Friday, 23rd October 2026
  • E-voting period: From Thursday, 29th October 2026 (9:00 A.M.) to Friday, 27th November 2026 (5:00 P.M.)
  • Results declaration date: On or before Tuesday, 1st December 2026

Dates of Action

  • Board meeting date: 12th October 2026
  • Initial appointment as Additional Director: 12th October 2026
  • Postal ballot notice date: 27th October 2026
  • Cut-off date: 23rd October 2026
  • E-voting commencement: 29th October 2026
  • E-voting end: 27th November 2026
  • Results declaration: 1st December 2026

Parties Involved

  • Proposed Director: Mr. Rabindra Nath Nayak (DIN: 02658070)
  • Scrutinizer: Mr. Raj Kumar Banthia, Practicing Company Secretary (Membership no- A17190/CP-18428)
  • E-voting agency: National Securities Depository Limited (NSDL)
  • Stock Exchanges: National Stock Exchange of India Limited (Symbol: SKIPPER) and BSE Limited
  • Company Secretary: Anu Singh (ICSI Membership No: F9782)

Purpose and Rationale

Appointment of Mr. Rabindra Nath Nayak as Independent Director based on recommendations of Nomination and Remuneration Committee. The Board considers his appointment beneficial due to his skills, integrity, expertise and experience in the power sector. Special resolution required under Regulation 17(1A) of SEBI LODR Regulations as he will attain age of 75 years during his tenure.

Director Qualifications and Experience

  • Education: Master's in Electrical Engineering from IIT Kharagpur; Graduation from NIT Rourkela (1977)
  • Experience: 40 years in power sector including former Chairman & Managing Director of Power Grid Corporation of India Limited (Maharatna Company with turnover over ₹46,000 Crores, net profit over ₹15,000 Crores, asset base over ₹3,20,000 Crores)
  • Expertise: Power generation, transmission & distribution, manufacturing; introduced technologies including 800 kV UHV HVDC, 1200 kV UHV AC, Smart Grid, RE Integration into Indian Grid
  • Awards: "Outstanding Entrepreneurship Award" at Asia Pacific Entrepreneurship Awards 2014 India; Best CEO in Power Sector in Institutional Investor Survey of Asia (2013, 2014, 2015)

Current Directorships (11 companies)

1. Odisha Power Transmission Corporation Limited

2. TP Northern Odisha Distribution Limited

3. TP Western Odisha Distribution Limited

4. GRIDCO Limited

5. Diamond Power Infrastructure Limited

6. Yash Highvoltage Limited

7. IMP Powers Limited

8. OHPC

9. GEDCOL

10. Powerica Ltd

11. Future Smartec (OPC) Private Limited

Committee Memberships

  • Yash Highvoltage Ltd: Chairman in Audit Committee
  • IMP Powers Ltd: Member in Audit Committee
  • OHPC: Member in Audit Committee
  • GRIDCO Ltd: Member in Audit Committee
  • Diamond Power Infrastructure Limited: Member in Audit Committee
  • Powerica Limited: Member in Audit Committee
  • TP Northern Odisha Distribution Limited: Member in Audit Committee

Compliance Status

Mr. Nayak has submitted: (i) consent to act as Director (Form DIR-2), (ii) disclosure of non-disqualification (Form DIR-8), (iii) declaration of independence criteria compliance, (iv) declaration of registration with data bank of Independent Directors, (v) declaration of no circumstances impairing duties. Confirmed directorships within prescribed limits under Companies Act and Listing Regulations.

Remuneration Details

Will be paid sitting fees for attending Board and Committee meetings. May receive profit-related commission as approved by Board and shareholders from time to time.

Shareholding and Relationships

  • Mr. Nayak holds nil shares in Skipper Limited
  • No direct or indirect pecuniary relationship with the Company
  • Not related to any other existing Directors/KMPs of the Company

Voting Procedure

E-voting through NSDL platform available to shareholders registered as of cut-off date (23rd October 2026). Multiple login methods provided for demat account holders (both NSDL and CDSL) and physical shareholders. Institutional shareholders required to submit Board Resolution/Authority letter.

Result Declaration

Scrutinizer will submit report to Chairman within 2 working days of e-voting conclusion. Results will be placed on company website (www.skipperlimited.com), displayed at registered office, and communicated to stock exchanges and NSDL.

Inspection of Documents

All documents referred to in the notice available for inspection by members without payment of fees until results declaration date. Requests to be sent to investor.relations@skipperlimited.com from registered email addresses.