HMT Limited – Appointment of Independent Directors (NSE: HMT, BSE: 500191)

Introduction

On 17 August 2026, HMT Limited filed a statutory notice with the National Stock Exchange of India Limited (NSE) and BSE Limited, informing shareholders of the appointment of two new Non‑Official Independent Directors to its Board, in accordance with Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Key Announcement Details

Item	Details
Directors Appointed	Shri Dharmender Varada (Chartered Accountant) <br> Smt Seema Mishra (MPharma)
Effective Date	17 August 2026
Term of Office	Three years from the Government Order dated 17 August 2026, or until further orders, whichever is earlier
Regulatory Basis	SEBI Regulation 30 (LODR) – appointment of independent directors
Previous Communication	Reference to earlier notice dated 14 August 2026
Debarment Status	Neither director is debarred under any SEBI or other authority order
Other Directorships	Both directors do not hold positions in other listed companies
Relationship Disclosure	Nil (no relationship between the two directors)

Profiles of the Newly Appointed Independent Directors

Shri Dharmender Varada

• Professional Background: Chartered Accountant with expertise in finance, real estate, retail, hospitality, and business development.
• Education: B.Com; Chartered Accountant (All‑India Rank 31 in CA Final, 1992).
• Career Highlights:
  • Founded Novus Infra Pvt. Ltd. and Novus Constructions (real‑estate projects).
  • Experience in audit, taxation, financial strategy, and operational excellence across multiple sectors.
• Skills: Audit, real‑estate development, retail & hospitality operations, QuickBooks accounting software.
• Languages: Telugu, English, Hindi.
• Directorships: None in other listed entities.

Smt Seema Mishra

• Age: 45 years
• Education: MPharma, NMIMS University, Mumbai.
• Professional Focus: Social entrepreneurship, MSME, handloom development, CSR, women empowerment, skill development.
• Key Roles:
  • Director, Aryawart Vision Foundation.
  • Founder, Kaswarad Art Cluster – Madhya Pradesh’s first handloom cluster under the Ministry of MSME (300+ weavers).
  • Proprietor, Maheshwari Creations – promoting authentic Maheshwari handloom.
• Social Impact: Trained >2,000 rural women; National Textile Consultant for a UN Skill Development Programme; initiatives on menstrual hygiene, notebook reuse, and more.
• Publications & Speaking: Co‑author of pharmacy books, proof‑reader for a communication skills book, Chairperson of the IMC Committee of ITI Dhamnod, speaker at the G20.
• Directorships: None in other listed entities.

Regulatory and Compliance Notes

• The appointment complies with Regulation 30 of SEBI (LODR) 2015, which mandates the inclusion of independent directors on the board of listed companies.
• The notice references a Government of Heavy Industries order dated 14 August 2026, confirming the eligibility of the appointees.
• Both directors have provided the required disclosure of relationships (none) and confirmation of non‑debarment.

Conclusion

HMT Limited has expanded its board with two seasoned professionals—Shri Dharmender Varada and Smt Seema Mishra—who bring diverse expertise in finance, real estate, social entrepreneurship, and MSME development. Their three‑year tenure aims to strengthen governance and strategic oversight, aligning with SEBI’s independent director requirements. Investors can note the compliance with regulatory norms and the absence of any conflicts of interest or prior debarments.