Nicco Parks & Resorts Ltd has expanded its Board with the appointment of two new directors, Shri Soumitra Sankar Sengupta and Mr. Shiv Siddhant Narayan Kaul, effective July 20, 2026. The appointments were approved during a board meeting held on the same day, following recommendations from the company's Nomination & Remuneration Committee. These changes aim to strengthen the governance structure of the amusement park and hospitality company.

Shri Soumitra Sankar Sengupta has been appointed as the Nominee Director of West Bengal Tourism Development Corporation Limited. A 2009 batch IAS officer of the West Bengal cadre, Sengupta currently serves as the Secretary of the Tourism Department and holds the position of Managing Director at West Bengal Tourism Development Corporation Limited. His appointment brings significant administrative experience to the Board.

Mr. Shiv Siddhant Narayan Kaul has been inducted as a Non-Executive & Non-Independent Director. Kaul brings extensive business leadership and governance experience, with a background in both domestic and international markets. He is an honours graduate with a dual degree in Computer Science and Economics and holds a Masters in Operation Research and Financial Engineering from Princeton University, New Jersey, USA. Additionally, he possesses significant exposure to the Theme Parks Industry.

The Board confirmed that both appointees fulfil the conditions specified under the Act and relevant rules. Neither director is debarred from holding the office of Director pursuant to any order of SEBI or any other authority. Furthermore, the disclosures confirm that neither Sengupta nor Kaul is related to any other existing directors on the Board.

The board meeting, which commenced at 12:00 Noon and concluded at 03:35 P.M., addressed these statutory appointments. The company has communicated these changes to the Bombay Stock Exchange Ltd, adhering to the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Director Appointments

Nicco Parks & Resorts Ltd declared a final dividend of Re. 0.25 per share for the financial year ended March 31, 2026, at its 37th Annual General Meeting held on July 3, 2026. The company confirmed the payment of an interim dividend of Re. 1.00 per share, which was paid in August 2025. The meeting was conducted via video conferencing and other audio-visual means, commencing at 3:30 P.M. and concluding at 4:30 P.M.

The statutory auditors issued qualified opinions on the standalone and consolidated financial statements for FY26. The Secretarial Auditor also expressed qualifications and observations in the audit report for the same period. Mr. Barun Kumar Ray, IAS, Chairman, informed members about these qualifications during the proceedings.

Shareholders adopted the audited standalone and consolidated financial statements for the financial year ended March 31, 2026. The resolutions to receive and consider these documents, along with the reports of the Board of Directors and Auditors, were passed as ordinary business. The remote e-voting facility was available from June 30, 2026, to July 2, 2026, and during the AGM.

The board re-appointed Ms. Vandana Yadav, IAS, as a Director, representing the nominee of West Bengal Industrial Development Corporation Ltd (WBIDCL). She retires by rotation and was eligible for re-appointment. The voting results and the Scrutinizer's Report will be submitted to the exchanges within the stipulated time.

Dividend Details

The AGM was attended by key directors, including Mr. Dipankar Chatterji, Mr. Vijay Dewan, Ms. Nayantara Palchoudhuri, and Mr. Rahul Mitra. Mr. Rahul Mitra, Managing Director & CEO, responded to queries regarding the operational and financial performance of the company for the year ended March 31, 2026.