NBCC (India) Limited has announced changes in its Board composition following the completion of tenure of two Independent Directors on April 22, 2026. The Navratna Central Public Sector Enterprise informed stock exchanges about this development in compliance with regulatory requirements.

Board Changes Details

The company disclosed that two Independent Directors have ceased from the Board of Directors upon completion of their tenure:

Regulatory Compliance

The disclosure was made pursuant to Regulation 30 of Securities and Exchange Board of India (Listing Obligation and Disclosure Requirements) Regulation 2015. NBCC had previously intimated the exchanges about this development on April 23, 2025, indicating advance notice of the tenure completion.

The company emphasized that there is no other reason for the cessation of the Independent Directors except the natural completion of their directorial tenure. This clarification ensures transparency and addresses any potential concerns about the circumstances surrounding their departure.

Information Accessibility

NBCC has made the information available on its official website at nbccindia.in under the announcements and notices section, ensuring broader stakeholder access to this corporate development. The communication was signed by Deepti Gambhir, Company Secretary (F-4984), from the company's registered and corporate office at NBCC Bhawan, Lodhi Road, New Delhi.

This board transition represents a routine corporate governance matter for the government enterprise, which operates as an ISO 9001:2015 certified company providing project management consultancy and project execution services.

NBCC has successfully emerged as the highest bidder in an e-auction process for a commercial tower project at Bharat Business Park, Sarojini Nagar, New Delhi. The company disclosed this development under Regulation 30 of SEBI regulations, with a total estimated investment of ₹1,374.45 crore for the commercial real estate acquisition.

Project Specifications

The e-auction, held on April 16, 2026, concluded with NBCC securing the winning bid for the commercial tower project. The property spans approximately 279,989 sq. ft. of super built-up area and is intended for multiple purposes including self-use, leasing, and investment opportunities.

Regulatory Compliance and Investment Structure

The Board of Directors had previously approved the company's participation in this e-auction process. The total estimated investment of ₹1,374.45 crore includes duties and taxes, with payments structured on a construction-linked basis according to project progress. This payment methodology aligns with industry standards for large-scale commercial real estate acquisitions.

Strategic Business Expansion

This acquisition represents NBCC's strategic expansion into prime commercial real estate markets in Delhi. The multi-purpose nature of the investment—encompassing self-use, leasing, and investment opportunities—demonstrates the company's diversified approach to commercial property development. The substantial investment amount reflects both the scale of the project and NBCC's financial commitment to expanding its commercial real estate portfolio.

Transaction Status

While NBCC has emerged as the highest bidder, the acquisition remains subject to completion of necessary formalities and execution of definitive agreements. The company has fulfilled its disclosure obligations under SEBI regulations, ensuring transparency in this significant business development.