Mazagon Dock Shipbuilders Ltd. has announced the conclusion of tenure for one of its key members. Shri. Dattaprasad Prabhakar Kholkar, who was appointed as a Non-Official Independent Director on February 23, 2023, has ceased to hold this position. The cessation is effective from February 23, 2026, upon the completion of his specified three-year term as outlined in his initial appointment agreement. The company confirmed this change to the stock exchanges today.
Director Tenure Concludes at Mazagon Dock
Mazagon Dock Shipbuilders Limited today issued a formal notification regarding a change in its Board composition following the natural conclusion of an appointment term. This announcement pertains to Shri. Dattaprasad Prabhakar Kholkar, who has stepped down from his role as a Non-Official Independent Director.
Key Details of Cessation
The company confirmed that Shri. Dattaprasad Prabhakar Kholkar was initially inducted onto the Board on February 23, 2023, serving as a Non-Official Independent Director for a fixed duration.
Pursuant to the terms of his appointment, Mr. Kholkar ceases to be an Independent Director effective February 23, 2026. This cessation occurs immediately upon the completion of his specified tenure of three years.
Corporate Confirmation
The disclosure was formally made today, February 23, 2026, by the Company Secretary and Compliance Officer, Mr. Lalatendu Acharya, ensuring transparency regarding the composition of the Board for investors and stakeholders.
Source: BSE
