NMDC Limited — Others, 23-12-2024: Change in Director(s)

Shri Subodh Kumar Singh has stepped down as a Government Nominee Director on the board of NMDC Limited effective December 18, 2024, following his transfer back to the Government of Chhattisgarh. This change aligns with the Ministry of Steel's regulations stipulating that a government nominee must vacate their position upon transfer. The board composition remains crucial as it impacts governance and strategic decision-making. Investors may view this transition as a neutral impact, signifying normal governance changes rather than a shift in corporate strategy or risk profile. The updated list of directors has been provided for reference.