Damodar Industries Limited Appoints New Directors and Compliance Officer
Damodar Industries Limited announced several key appointments following a board meeting held on March 17, 2026. The meeting commenced at 1:30 PM and concluded at 3:15 PM.Among the decisions made, the company appointed Mr. Suresh Narayan Nayak as an additional director in the Non-Executive Independent category. Mr. Nayak’s appointment is effective March 17, 2026, and his term will continue until March 16, 2031, subject to shareholder approval. Mr. Nayak brings expertise in banking operations, retail banking, and RBI compliance. He has held leadership roles with YES BANK, Axis Bank, HDFC Bank, and Syndicate Bank.
Additionally, the board appointed Vishal N Manseta, a practicing Company Secretary, as the Scrutinizer for the postal ballot process.
Mr. Subrat Shukla has been appointed as the Company Secretary and Compliance Officer of the company, effective March 17, 2026. He possesses experience in corporate governance, compliance, and administration.
Brief Profile of Mr. Suresh Narayan Nayak:
| Mr. Suresh Narayan Nayak | |
|---|---|
| Date of Birth | 24th January 1959 |
| Education Qualifications | Commerce graduate from the University of Mumbai with a PGDM in personnel Management & Industrial Relations from St. Xaviers College, and a Diploma in Computer Management. |
| Experience | Extensive experience in banking operations, cash management, ATM infrastructure, CTS implementation, retail banking, and treasury operations. He previously held positions at YES BANK, Axis Bank, HDFC Bank, and Syndicate Bank. |
Brief Profile of Mr. Subrat Shukla:
| Mr. Subrat Shukla | |
|---|---|
| Date of Birth | 01st May 1979 |
| Education Qualifications | Qualified Company Secretary from the Institute of Company Secretaries of India (2010), MBA in Marketing & HR (2004), and a B.com degree (1999). |
| Experience | Possesses experience in corporate compliance, governance, and administration. He previously held positions at SNSR Digital & Logistics Private Limited, SN Logistics, Rammaica lndia Limited, and Max Flex & lmaging Systems Limited. |
Source:
Disclaimer: Due care and diligence have been taken in compiling and presenting news and market-related content. However, errors or omissions may arise despite such efforts.
The information provided is for general informational purposes only and does not constitute investment advice, a recommendation, or an offer to buy or sell any securities. Readers are advised to rely on their own assessment and judgment and consult appropriate financial advisers, if required, before taking any investment-related decisions.