NBCC appoints Ashutosh Gautam as Director (Projects) effective Oct 19

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Reviewed by
Naman SScanX News Team
Key Highlights
  • NBCC appoints Ashutosh Gautam as Director (Projects) effective October 19, 2026
  • Gautam joins from Rail Vikas Nigam Limited with over 34 years in infrastructure
  • Appointment approved by Ministry of Housing and Urban Affairs
  • Tenure extends until superannuation on April 30, 2029
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NBCC (India) Limited has appointed Ashutosh Gautam as Director (Projects), effective October 19, 2026. The appointment was approved by the Ministry of Housing and Urban Affairs, Department of Capital Development.

Gautam previously served as Executive Director at Rail Vikas Nigam Limited (RVNL). His tenure will continue until his superannuation on April 30, 2029, or until further orders, whichever is earlier. He assumed charge on the evening of October 19, 2026.

Professional background and expertise

Ashutosh Gautam holds a Bachelor of Technology in Civil Engineering and a Master of Technology in Soil Mechanics and Foundation Engineering from IIT Delhi. He also possesses a Postgraduate Diploma in Management and a Bachelor of Law in Corporate Law. His career spans more than 34 years in multi-disciplinary infrastructure sectors, including highways, ports, inland water transport, and urban development.

Prior to joining NBCC, Gautam served as Member (Technical) cum Deputy Project Director for the Jal Marg Vikas Project under the Inland Waterways Authority of India (IWAI). During this period, he held additional charges as Member (Traffic & Logistics) and briefly as Member Finance. He has also served as Managing Director of Ahmedabad Vadodara Expressway Company Ltd and as a Director on the board of Varanasi MMLP Ltd.

Appointment details

Particular Details
Appointee Ashutosh Gautam
DIN 08453290
Designation Director (Projects)
Effective Date October 19, 2026
Tenure End April 30, 2029 (Superannuation)
Pay Scale ₹1,80,000-3,40,000 (IDA)

The company confirmed that Gautam holds no shareholding in NBCC and has no inter-se relationship with other directors. He affirmed that he is not debarred from holding the office of director by any SEBI order or other authority. The appointment follows Office Order No.: O-17034/13/2020-PS (9088301) dated October 19, 2026.

Historical Stock Returns for NBCC

1 Day5 Days1 Month6 Months1 Year5 Years
-2.40%-1.02%-9.47%-20.80%-34.41%0.0%

How will Gautam's extensive experience in inland waterways and expressway projects influence NBCC's strategic priorities for upcoming urban infrastructure tenders?

What impact might Gautam's appointment have on NBCC's project execution timelines and cost management efficiency given his background in soil mechanics and foundation engineering?

Will NBCC's existing backlog of government contracts see accelerated progress under Gautam's leadership, potentially affecting its short-term revenue recognition?

NBCC files corrigendum to MCA order on HSCC merger

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Reviewed by
Shriram SScanX News Team
Key Highlights
  • NBCC (India) Limited filed a corrigendum to the MCA order dated October 9, 2026
  • The amendment clarifies board approval dates for the merger scheme as July 14, 2026
  • It specifies Deepti Gambhir as the authorized signatory for the transferee company's affidavit
  • All other terms of the original first motion order remain unchanged
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NBCC (India) Limited issued a corrigendum to the Ministry of Corporate Affairs (MCA) order concerning the first motion application for its merger with HSCC (India) Limited. The correction, dated October 14, 2026, amends specific paragraphs of the original order dated October 9, 2026.

The MCA directed that Paragraph 3 and Paragraph 5 of the initial order be read as follows. The revised text confirms that the Scheme of Amalgamation was approved by the Board of Directors of both the Transferor Company (HSCC) and the Transferee Company (NBCC) on July 14, 2026. Corresponding board resolutions were duly signed and filed with the application.

Clarifications on Affidavit and Authorization

The corrigendum also rectifies details regarding the supporting affidavit. It states that the application is supported by the affidavit of Deepti Gambhir, the authorized signatory of the Transferee Company. She is duly authorized to file the same on behalf of NBCC in terms of the Board of Directors resolution dated July 14, 2026.

All other terms and conditions of the order dated October 9, 2026, remain unchanged. The matter falls under Sections 230-232 of the Companies Act, 2013, read with the Companies (Compromises, Arrangements and Amalgamations) Rules, 2016.

Key Amendments in the Corrigendum

Section Original Reference Corrected Detail
Para 3 Board Approval Date July 14, 2026 for both Transferor and Transferee Companies
Para 5 Affidavit Signatory Deepti Gambhir, authorized per Board resolution dated July 14, 2026
Status Other Terms Remain unchanged from the October 9, 2026 order

The scheme involves the amalgamation of HSCC (India) Limited with NBCC (India) Limited. Both companies are based in New Delhi, with HSCC located at Vasundhra Enclave and NBCC at Lodhi Road. The corrigendum was forwarded by Manjit Singh, Joint Director, Ministry of Corporate Affairs.

Historical Stock Returns for NBCC

1 Day5 Days1 Month6 Months1 Year5 Years
-2.40%-1.02%-9.47%-20.80%-34.41%0.0%

What is the expected timeline for the final National Company Law Tribunal (NCLT) hearing following this corrigendum?

How might the HSCC-NBCC merger impact the competitive landscape for government infrastructure consultancy services in India?

Are there specific regulatory hurdles remaining under Sections 230-232 that could delay the completion of the amalgamation?

More News on NBCC

1 Year Returns:-34.41%