MOIL Limited Appoints Shri Lokesh Chandra as Nominee Director
MOIL Limited appointed Shri Lokesh Chandra, IAS, as a Government Nominee Director. He is the Additional Chief Secretary (Mines) for the Government of Maharashtra. His appointment is effective until 06.03.2027. He is not related to any company director and is not disqualified from holding office.
The appointment of a government nominee director is a standard corporate governance procedure and is unlikely to have a significant immediate impact on the company's operations or stock performance.
The announcement is a routine update regarding a board appointment and does not contain any specific financial or strategic information that would indicate a positive or negative sentiment.
MOIL Limited has announced the appointment of Shri Lokesh Chandra, IAS, as a Government Nominee Director on its Board. The appointment was made by the Government of India via an order dated 06.08.2026 and is effective until 06.03.2027 or until further orders.
Shri Lokesh Chandra, an IAS officer from the 1993 batch, holds a degree in Civil Engineering and an M. Tech in Structures from IIT (Delhi). He currently serves as the Additional Chief Secretary (Mines) for the Government of Maharashtra and is also the Chairman and Managing Director of Maharashtra State Electricity Distribution Company Limited (MSEDCL).
The company has confirmed that Shri Lokesh Chandra is not related to any existing Director or Key Managerial Personnel and is not disqualified from holding a directorship. A brief profile of Shri Lokesh Chandra, detailing his previous roles including his prior service as a Government Nominee Director for MOIL Limited, Chairman and Managing Director of CIDCO, Commissioner of Nagpur Municipal Corporation, and his tenure in the Ministry of Steel and Ministry of Power, has been enclosed as Annexure-I.
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MOIL Limited filed this with the NSE as a statutory disclosure, categorised under board changes. It is a primary document, not a recommendation, and the desk marks it low impact, the band that almost never moves a portfolio on its own.
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