Coal India Limited has announced the cessation of four independent directors upon completion of their tenure, effective March 28, 2026. The Maharatna company informed both BSE and NSE about this board composition change through a regulatory filing under Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Directors Completing Tenure

The four independent directors who completed their tenure are:

• CA Kamesh Kant Acharya (DIN- 09386642)
• Shri Punambhai Kalabhai Makwana (DIN- 09385881)
• Shri Bhojarajan Rajeshchander (DIN- 02065422)
• Smt. Mamta Palariya (DIN- 07749007)

Regulatory Compliance Details

Coal India Limited has provided comprehensive disclosure information as required under SEBI regulations. The company submitted detailed annexures containing specific information about each director's cessation, including their names, Director Identification Numbers (DIN), and the reason for change.

Filing and Documentation

The notification was signed by B.P. Dubey, Executive Director (Company Secretary) and Compliance Officer, and submitted to both major stock exchanges. The company referenced SEBI Circular No. SEBI/HO/49/14/14(7)2025-CFD-POD2/I/3762/2026 dated January 30, 2026, in its compliance filing.

Company Information

Coal India Limited, headquartered in Kolkata with its registered office at Newtown, Rajarhat, operates as a Maharatna company. The cessation of these independent directors represents a routine governance matter as directors complete their prescribed tenure periods under corporate governance norms.

Coal India Limited has successfully incorporated its strategic joint venture with Damodar Valley Corporation (DVC), with the newly formed entity DVC CIL Power Private Limited receiving official incorporation status from the Ministry of Corporate Affairs on March 27, 2026.

Joint Venture Incorporation Details

The Ministry of Corporate Affairs has allotted Corporate Identification Number (CIN) U35102WB2026PTC287644 to the joint venture company, marking the formal establishment of this strategic partnership.

Shareholding Structure and Investment

The joint venture maintains an equal partnership structure with substantial financial backing for its power sector initiatives.

Business Scope and Operations

DVC CIL Power Private Limited will operate across three primary business segments. The power generation and allied businesses segment focuses on planning, research, design, construction, generation, operation and maintenance, and renovation of power projects based on thermal, hydro and renewable energy sources, including development of related businesses such as e-mobility infrastructure, water treatment, and utilisation of by products like fly ash, silica, sand and FGD residues.

The power transmission and distribution segment will establish, acquire, operate and maintain power generation, transmission and distribution systems in India or abroad under various models including BOT, BOO, BOLT, and BOOT, encompassing infrastructure such as substations, tie-lines and transmission networks.

Regulatory Approvals and Strategic Significance

The joint venture has received necessary approvals from DIPAM (Department of Investment and Public Asset Management) and MOC (Ministry of Coal). This incorporation represents the culmination of the strategic partnership announced earlier, combining Coal India's mining expertise with DVC's power generation capabilities in the energy sector.

The substantial equity commitment of ₹3,132.96 crore demonstrates the scale and ambition of the planned power projects, providing the joint venture with significant financial resources to develop and execute comprehensive power generation initiatives across multiple energy sources.