Nilachal Refractories has appointed Mr. Mukesh Kumar Shaw as its Company Secretary and Compliance Officer effective June 1, 2026. The Board of Directors approved the appointment during a meeting held on May 29, 2026, to ensure compliance with Section 203 of the Companies Act, 2013 and Regulation 6 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The meeting commenced at 11:30 am and concluded at 12:00 noon.

The appointment addresses a key managerial personnel requirement within the company. Mr. Shaw is an Associate Member of the Institute of Company Secretaries of India, holding membership number ACS:80201. He possesses a B Com degree and has completed NSE's Certificate Course on Capital Market, bringing experience in corporate laws and secretarial compliances to the role.

Details of Appointment

The Board approved the appointment following the provisions outlined in the relevant regulations. The specific details regarding the change and the appointee's profile were disclosed in accordance with SEBI Circular No. SEBI/HO/CFD/PoD2/CIR/P/0155 dated November 11, 2024.

Key Information

Professional Background

Mr. Mukesh Kumar Shaw has previously worked with S K Maheshwari & Associates as a Management Trainee. His qualifications and experience are expected to strengthen the company's regulatory compliance framework.

Vimal Prakash HUF has submitted a revised disclosure to the stock exchanges regarding its shareholding in Nilachal Refractories Limited , correcting an earlier filing submitted under Regulation 29(2) of the SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011. The rectification clarifies that the entity acted as a seller in the transaction, correcting a previous error where the acquirer's name was listed in place of the seller's.

Transaction Details

The transaction involved the sale of 3,62,500 shares through an off-market mechanism on April 22, 2026. The filing to BSE Ltd. and The Calcutta Stock Exchange Ltd., dated May 25, 2026, confirmed that the disclosure was submitted in the capacity of the seller. Consequently, the post-transaction shareholding for Vimal Prakash HUF reflects a zero balance in shares carrying voting rights and encumbered shares.

Holding Status

Following the sale, the acquirer no longer holds any equity in the target company. The revised disclosure indicates that the total share or voting capital of Nilachal Refractories Limited remains at 1.78%, while the total diluted share or voting capital is stated as 0. The rectification specifically addressed Row No. 2 of the initial disclosure to accurately reflect the seller's identity and transaction details.

The revised disclosure was signed by Niraj Jalan, the Authorised Signatory for Nilachal Refractories Limited, on May 25, 2026.