NALCO has announced a key board change with the cessation of Shri Sanjay Lohiya, IAS as Part-time Official Director. The company informed stock exchanges about this development in compliance with regulatory requirements.

Director Transition Details

The board change stems from Lohiya's administrative transfer within the government structure. He has been relieved of his duties in the Ministry of Mines through office order No. A-22012/1/2021-ESTT dated April 1, 2025, with effect from the forenoon of April 1, 2026.

Regulatory Compliance

The company has fulfilled its disclosure obligations under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The notification was sent to both major stock exchanges where the company's shares are listed.

New Government Assignment

Lohiya's cessation from the NALCO board is consequent upon his new assignment in the Department of Financial Services, Ministry of Finance, where he will serve as Special Secretary. This represents a significant role transition within the government administrative structure.

Company Communication

The formal communication was signed by B. K. Sahu, Company Secretary & Compliance Officer (ACS: 9953), and sent from the company's registered and corporate office in Bhubaneswar. The notification ensures transparency and keeps stakeholders informed about the board composition changes.

National Aluminium Company Limited has officially notified stock exchanges regarding the cessation of tenure of three Independent Directors, marking a significant change in the company's board composition. The intimation was made in compliance with regulatory requirements under SEBI listing regulations.

Directors Stepping Down

The company has informed that the following Independent Directors will cease to hold their positions effective from March 31, 2026:

All three directors are completing their tenure as Independent Directors of the company on the specified date.

Regulatory Compliance

The intimation was made pursuant to Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, read with Schedule III of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015. This ensures full compliance with mandatory disclosure requirements for listed companies.

The notification was signed by Bharat Kumar Sahu (B. K. Sahu), Company Secretary & Compliance Officer (ACS: 9953), and was digitally signed on March 31, 2026. The communication was addressed to both BSE Limited and National Stock Exchange of India Ltd., where the company's shares are listed under scrip code 532234 and symbol NATIONALALUM respectively.

Company Information

National Aluminium Company Limited operates as a Government of India Enterprise with its registered and corporate office located at Nalco Bhawan, Nayapalli, Bhubaneswar. The company maintains its commitment to regulatory transparency through timely disclosures of material events and changes in board composition.