Nicco Parks & Resorts Limited has notified the Bombay Stock Exchange of an upcoming Board of Directors meeting, scheduled for Thursday, May 14, 2026. The intimation, issued on May 5, 2026, has been made in compliance with Regulation 29(1)(a) of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Board Meeting Agenda

The Board meeting has been convened to consider, approve, and take on record the audited standalone and consolidated financial results of the company for the quarter and year ended March 31, 2026. In addition to the financial results, the Board will also deliberate on a proposal for the recommendation of a final dividend, if any, to equity shareholders, in accordance with Regulation 29(1)(e) of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Key details of the scheduled meeting are outlined below:

Dividend and Record Date

In the event the Board recommends a final dividend, the record date has been set as Friday, May 22, 2026, pursuant to Regulation 42 of the SEBI Regulations. This date will be used to ascertain the eligibility of shareholders for the payment of the final dividend for FY 2025-26.

Trading Window Closure

In continuation of the company's earlier communication dated March 23, 2026, regarding the closure of the trading window, Nicco Parks & Resorts has confirmed that the trading window for dealing in the company's securities will continue to remain closed. The window will reopen only upon the expiry of 48 hours after the unpublished price-sensitive information is submitted to the stock exchanges, in accordance with the company's Code of Conduct to Regulate, Monitor, and Report trading by Designated Persons.

The notice has been signed by Ankit Kumar Bhardwaj, Company Secretary & Compliance Officer of Nicco Parks & Resorts Limited, and was issued from the company's registered office at Jheel Meel, Sector IV, Salt Lake City, Kolkata – 700 106.

Nicco Parks & Resorts Limited has issued a comprehensive postal ballot notice seeking shareholder approval for three critical director appointments that will shape the company's leadership structure. The company has completed dispatch of the postal ballot notice through email and published newspaper advertisements in compliance with regulatory requirements.

Proposed Director Appointments

The postal ballot encompasses three ordinary resolutions for shareholder consideration:

Key Leadership Changes

Mr. Barun Kumar Ray, IAS is being proposed as the Nominee Director representing the Government of West Bengal, Department of Tourism. Currently serving as Additional Chief Secretary, Tourism Department, Government of West Bengal, and Chairman of West Bengal Tourism Development Corporation Limited, Mr. Ray will also be designated as Chairman of Nicco Parks & Resorts Limited. His appointment follows a nomination letter from the Government of West Bengal, Department of Tourism, replacing the outgoing Nominee Director Ms. Nandini Chakravorty, IAS.

Mr. Rahul Mitra is being proposed for dual appointments as Director and Managing Director & CEO. Having served as Company Secretary of Nicco Parks & Resorts Limited since 2011, Mr. Mitra brings extensive experience in corporate governance, regulatory compliance, and operational management across various functional areas of the company.

Remuneration Structure for Managing Director

The proposed terms for Mr. Rahul Mitra's appointment as Managing Director include:

Additional perquisites include servant allowance of Rs. 30,000 per annum, gas and electricity reimbursement up to Rs. 40,000 per annum, and club and home entertainment expenses up to Rs. 75,000 per annum.

E-Voting Process and Timeline

The company has engaged National Securities Depository Limited (NSDL) to facilitate remote e-voting for shareholders. The postal ballot notice has been dispatched through email and published in newspaper advertisements including Business Standard (English) and Ekdin (Bengali) editions.

In compliance with Ministry of Corporate Affairs circulars, the postal ballot notice is being sent only through electronic mode to members whose email addresses are registered with the company, registrar and transfer agent, or depositories. Shareholders whose email IDs are not registered can contact the company at specified email addresses to obtain login credentials for e-voting.

Company Performance Context

The explanatory statement reveals the company's financial performance over recent years:

The company continues to remain profitable despite facing challenges typical of the amusement park industry, including weather dependency, seasonal variations, and operational cost pressures. Management has outlined various strategic initiatives to enhance operational resilience and maintain stable financial performance.

Regulatory Compliance

The postal ballot process complies with Section 110 read with Section 108 of the Companies Act, 2013, and Regulation 44 of the SEBI Listing Regulations. The company has appointed Mr. P. V. Subramanian as the scrutinizer to conduct the polling process in a fair and transparent manner. Results will be declared immediately after the conclusion of e-voting and communicated to stock exchanges where the company's equity shares are listed.