DPSC Limited Appoints Naveen Prakash as Independent Director
DPSC Limited has appointed Mr. Naveen Prakash as an Additional Independent Director. His term will be for five years, starting from January 1, 2026, to December 31, 2030. Mr. Prakash brings extensive administrative experience from his career in the Indian Administrative Service (IAS).
The appointment of an independent director is a significant governance event, but its immediate financial impact is not quantifiable from the announcement alone. It contributes to long-term stability and governance.
The appointment of an experienced individual as an Independent Director is generally viewed positively, as it can enhance corporate governance and strategic oversight.
India Power Corporation Limited (formerly DPSC Limited) announced the appointment of Mr. Naveen Prakash (DIN: 00059549) as an Additional Director in the Independent category. The decision was made by the Board of Directors based on the recommendation of the Nomination and Remuneration Committee during their meeting held on December 15, 2025. Mr. Prakash's appointment is for a term of five consecutive years, effective from January 1, 2026, to December 31, 2030, and is subject to shareholder approval.
Mr. Naveen Prakash is a distinguished member of the Indian Administrative Service (IAS) from the 1987 batch of the West Bengal cadre, bringing over 38 years of extensive experience in public service across varied administrative roles in both the West Bengal Government and the Government of India. Prior to his superannuation in August 2021, he served as the Additional Chief Secretary of the Public Works Department. He has also held significant positions such as Principal Advisor (Infrastructure) to the State Government, State Information Commissioner, Additional Chief Secretary of the Irrigation and Waterways Department, and held charges of Agriculture and Water Resources Investigation and Development Departments. His tenure in the Government of India included roles as Joint Secretary in the Ministry of Consumer Affairs, Food & Public Distribution, Chief Vigilance Officer (CVO) of Steel Authority of India (SAIL) Ltd., and Director in the Ministry of Culture.
Academically, Mr. Prakash holds a Master's in Development Management (MDM) with Distinction from the Asian Institute of Management, Manila, Philippines, a Gold Medal in Master's in Business Administration (MBA), and a Bachelor of Science (BSc.) from the University of Allahabad. He also possesses a Post Graduate Diploma in International Marketing & E-Business (DIMB) and has completed various training courses and executive leadership programs internationally. The company confirmed that Mr. Naveen Prakash is not debarred from holding the office of Director by any order from SEBI or any other statutory authority. He is also not related to any Director of the Company. The Board meeting commenced at 03:30 p.m. and concluded at 04:00 p.m. on December 15, 2025.
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