Mumbai: Mazagon Dock Shipbuilders Ltd. (MAZDOCK), a Government of India undertaking, announced that Mr. Dattaprasad Prabhakar Kholkar has ceased to serve as a Non-Official Independent Director on its Board. The cessation follows the completion of his three-year tenure, effective February 23, 2026.
Appointment and Tenure Details
Mr. Kholkar was originally appointed to the Board on February 23, 2023, for a fixed term of three years. The company clarified that his stepping down is solely due to the completion of this tenure and is not attributable to any other reason.
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Corporate Disclosure to Stock Exchanges
The company made the disclosure in compliance with Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The announcement was formally confirmed by the Company Secretary and Compliance Officer, Mr. Lalatendu Acharya, ensuring transparency for investors and stakeholders regarding the Board’s composition.
Board Update and Governance
Mazagon Dock Shipbuilders Ltd. highlighted that Mr. Kholkar’s tenure brought valuable insights and governance expertise to the Board. His departure is part of the natural rotation of Independent Directors, reflecting corporate governance norms for public sector enterprises.
About Mazagon Dock Shipbuilders Ltd. (MDL)
Mazagon Dock Shipbuilders Ltd. (MDL), headquartered in Mumbai, is a leading Indian shipbuilding company specializing in naval and defense vessels. As a key Public Sector Undertaking under the Ministry of Defence, MDL has played a crucial role in building submarines, warships, and other strategic platforms for the Indian Navy and Coast Guard, upholding high standards of quality and compliance.
