Nilachal Carbo Metalicks Ltd accepted the resignation of Mr. Lala Tarun Prakash Narayan as an Independent Director effective June 11, 2026. The resignation follows a communication received by the company citing personal reasons and an inability to spare time for the organisation. The departure reduces the board strength of the metallurgical coke manufacturer, which operates out of Bhubaneswar, Odisha.

The company informed BSE Limited regarding the change in its board composition pursuant to Regulation 30 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015. The disclosure was made by Bibhu Datta Panda, Managing Director of Nilachal Carbo Metalicks Ltd. The filing included an annexure detailing the specifics of the cessation as required under SEBI norms.

Mr. Lala Tarun Prakash Narayan (DIN: 10397955) confirmed that there are no other material reasons for his resignation apart from personal and professional commitments. The resignation was submitted via email dated June 11, 2026, and accepted by the board on the same day. The director did not hold positions in any other listed entities, as per the disclosure.

The following table outlines the key details of the director's resignation:

Nilachal Carbo Metalicks Ltd has stated that the resignation does not involve any material circumstances other than those disclosed. The company will update its records and inform the relevant regulatory authorities regarding the change in board composition.

nilachal carbo metalicks Limited approved and updated its Policy on Related Party Transactions on May 30, 2026, aligning with the Companies Act, 2013 and SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The Board of Directors adopted the revised policy on the recommendation of the Audit Committee to ensure proper reporting, approval, and disclosure processes for transactions with related parties. The policy is effective from July 5, 2024, and was last amended on May 30, 2026.

The revised framework establishes specific materiality thresholds to determine when shareholder approval is required. The policy defines material modifications as any change exceeding 20% of the originally approved transaction value or any alteration in nature, scope, duration, or counterparty that impacts financial position.

Materiality Thresholds

The company has set the following limits for related party transactions:

Approval Framework

Prior approval of the Audit Committee is mandatory for all related party transactions and subsequent material modifications, irrespective of whether they are at arm's length or in the ordinary course of business. The Audit Committee may grant omnibus approval for repetitive transactions for a period of one year, subject to quarterly reviews. Unforeseen transactions not exceeding ₹1 Crore per transaction may also receive omnibus approval.

Transactions not in the ordinary course of business or not at arm's length require prior approval from the Board of Directors. Shareholder approval through an ordinary resolution is necessary if a transaction exceeds the prescribed materiality thresholds. Related parties are barred from voting on such resolutions. The policy will be reviewed by the Board at least once every three years.