Nicco Parks & Resorts Limited shareholders approved the appointment of two new directors through a postal ballot process concluded on October 16, 2026. The resolutions, which received requisite majority support, formalize the positions of Soumitra Sankar Sengupta and Shiv Siddhant Narayan Kaul on the board.

The voting results were announced following the scrutiny of remote e-votes cast between September 17, 2026, and October 16, 2026. The company issued a notice on August 13, 2026, inviting members to vote on these appointments in compliance with SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Resolution outcomes

Both resolutions were passed as ordinary resolutions. The first resolution concerned the appointment of Soumitra Sankar Sengupta, IAS, as a Nominee Director representing West Bengal Tourism Development Corporation Limited. He was initially appointed as an additional director on July 20, 2026.

The second resolution approved the appointment of Shiv Siddhant Narayan Kaul as a Non-Executive, Non-Independent Director. Kaul was also appointed as an additional director on July 20, 2026, and is liable to retire by rotation.

Voting details

The e-voting facility was provided by National Securities Depository Limited (NSDL). Shareholders holding shares as of the cut-off date, September 11, 2026, were eligible to vote. The total number of shareholders on record was 10,234.

What the numbers show

A clear divergence exists in shareholder sentiment between the two appointments. While both resolutions passed with overwhelming majorities, the vote against Mr. Kaul was significantly higher than that against Mr. Sengupta. Specifically, votes against Mr. Kaul totaled 19,316 shares compared to just 2,963 shares against Mr. Sengupta. This indicates greater hesitation or dissent among public non-institutional shareholders regarding Mr. Kaul’s appointment, despite the promoter group voting unanimously in favor of both candidates.

Nicco Parks & Resorts has issued a postal ballot notice dated August 13, 2026, seeking member approval for the appointment of two new directors. The resolutions cover the induction of Mr. Soumitra Sankar Sengupta as a Nominee Director and Mr. Shiv Siddhant Narayan Kaul as a Non-Executive, Non-Independent Director.

The company will conduct remote e-voting through National Securities Depository Limited (NSDL). The voting window commences on September 17, 2026, at 9:00 am and concludes on October 16, 2026, at 5:00 pm. Members holding shares as of the cut-off date, September 11, 2026, are eligible to vote.

Board Appointments

The postal ballot seeks approval for two ordinary resolutions regarding board composition:

• Mr. Soumitra Sankar Sengupta: Appointment as a Nominee Director representing West Bengal Tourism Development Corporation Limited (WBTDC). He replaces Mr. Abhishek Kumar Tiwary, whose nomination was withdrawn by the Department of Tourism, Government of West Bengal.
• Mr. Shiv Siddhant Narayan Kaul: Appointment as a Non-Executive, Non-Independent Director. He is currently the Managing Director of Nicco Engineering Services Limited.

Both appointees were initially appointed as additional directors on July 20, 2026, and are liable to retire by rotation upon confirmation by shareholders.

Director Profiles

Mr. Sengupta brings administrative expertise from his role as a 2009-batch IAS officer and Managing Director of WBTDC. Mr. Kaul holds a Master’s degree in Operation Research and Financial Engineering from Princeton University and possesses significant exposure to the theme parks industry.

Voting Process

In compliance with Ministry of Corporate Affairs circulars, the notice is being dispatched electronically only to members with registered email addresses. Physical copies are not being sent. Shareholders can access the e-voting facility via the NSDL platform or their depository participants.

The Company Secretary, Ankit Kumar Bhardwaj, confirmed that the results will be declared immediately after the conclusion of the e-voting period on October 16, 2026.