Coal India Limited has strengthened its board with the appointment of Smt. Sona Kumari as a non-official Independent Director for a term of three years. The appointment is effective from the date of notification, which is July 18, 2026, or until further orders from the Ministry of Coal, whichever is earlier. This strategic addition to the governance structure comes following a directive from the Ministry of Coal via letter number 21/21/2022-Estt(B) dated July 15, 2026.

The company confirmed that the new appointee is not related to any other director on the board. Furthermore, it was affirmed that Smt. Sona Kumari is not debarred from holding the position of a director by any order of SEBI or other regulatory authorities. The disclosure was made in compliance with Regulation 30 of the SEBI (LODR) Regulations 2015 and the SEBI (Prohibition of Insider Trading) Regulations 2015.

Smt. Sona Kumari brings a diverse background to the role, holding a degree in Sociology from Kuwait University. Her professional experience includes serving as an English teacher at Shri Guru Ramrai Saraswati Shishu Mandir. She has also contributed to national committees and actively mentors non-governmental organizations (NGOs) focused on education and social upliftment. As per the filing, she does not hold any shares in Coal India Limited.

The appointment details were submitted to the stock exchanges, including the Bombay Stock Exchange and the National Stock Exchange of India, for information and record purposes. The company provided an annexure detailing her profile and confirming her eligibility and lack of disqualification under Section 164 of the Companies Act, 2013.

Appointment Details

Coal India Ltd has signed a joint venture agreement with U.P. Rajya Vidyut Utpadan Nigam Limited (UPRVUNL) to develop renewable energy projects in Uttar Pradesh. Signed on July 3, 2026, the agreement aims to establish a presence in the renewable energy sector through various projects, including ground-mounted solar, floating solar, pumped storage projects, and wind projects. This strategic move allows Coal India to diversify its energy portfolio while contributing to the state's green energy goals.

The joint venture entity will be incorporated as a Private Limited Company with an initial paid-up capital of INR 10 lakh and an authorised share capital of INR 10 crore. Coal India will hold a 51% equity stake in the venture, while UPRVUNL will hold the remaining 49%. The registered office of the new entity will be located in Lucknow, Uttar Pradesh.

Key Details of the Agreement

The following table outlines the key parameters of the joint venture agreement:

Governance and Operational Structure

The governance framework of the joint venture has been clearly defined to ensure smooth operations. The Board will consist of five directors, with Coal India nominating three directors and UPRVUNL nominating two. Coal India will also have the right to nominate the Chairperson of the Board. The agreement includes pre-emptive rights for further share issuance to maintain the existing shareholding ratio. Additionally, there is a lock-in period of five years on share transfers, subject to the terms of the Joint Venture Agreement.

The transaction does not fall under related party transactions, as both parties are Central and State Public Sector Enterprises respectively. The filing was made to the stock exchanges in compliance with Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.