NLC India Limited appointed Shri P L S S Chaitanya Prakash as Director (Power) with effect from October 5, 2026. The appointment was approved by the Ministry of Coal, Government of India, to oversee the company's power generation operations.

Prakash assumes the role following his tenure as Executive Director at Damodar Valley Corporation (DVC). His term extends until his superannuation on December 31, 2029, or until further orders, whichever is earlier. The appointment aligns with SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Professional Background

Shri P L S S Chaitanya Prakash is a senior executive and Mechanical Engineer with over three decades of experience in India's power and energy infrastructure sector. His expertise spans thermal power plant operations, large-scale project execution, corporate governance, and energy transition initiatives.

Prior to this appointment, he served as Executive Director (Operations) at Damodar Valley Corporation (DVC), where he managed strategic operations and the execution of major capital projects. He also holds board-level experience at GVREL and DVC-CIL Power Private Limited.

Key Areas of Expertise

The company highlighted several core competencies relevant to NLC India's operational goals:

• Thermal Power Management: Expertise in boiler performance, efficiency optimization, and environmental compliance systems including FGD and fly ash management.
• Project Governance: Proficiency in EPC contract management, risk assessment, and delay analysis for large-scale infrastructure projects.
• Clean Energy Initiatives: Contributions to emerging technologies such as floating solar PV, pumped storage projects, and Battery Energy Storage Systems (BESS).

Educational Qualifications

Prakash holds a B.E. in Mechanical Engineering with Distinction from Andhra University and a PGDM from XIM Bhubaneswar. The company confirmed that he is not related to any other directors and is not debarred from holding office by any regulatory authority.

NLC India shareholders approved all proposed resolutions at the company's 70th Annual General Meeting held on September 29, 2026. The meeting, conducted via video conferencing, saw unanimous support for key strategic moves, including the transfer of renewable energy assets to a wholly owned subsidiary.

Key resolutions approved

The voting results, disclosed on October 1, 2026, confirmed that every item listed in the notice and corrigendum passed with the requisite majority. The most significant operational resolution involved the sale and transfer of the company's renewable energy assets to NLC India Renewables Limited, a wholly owned subsidiary.

This move received overwhelming support, with 99.85% of valid votes cast in favor. Only 0.15% voted against the proposal. The dividend declaration also saw near-unanimous approval, with shareholders confirming an interim dividend of ₹3.6 per share and declaring a final dividend of ₹0.25 per share for FY26.

Board composition changes

Several director appointments were ratified during the meeting. Dr. Prasanna Kumar Acharya was reappointed as Chairman cum Managing Director with 98.68% support. Similarly, Shri Rajesh Pratap Singh Sisodia was appointed as Director with 98.44% in favor.

Two Government Nominee Directors, Shri Anil Meshram and Shri Gopal Singh, were appointed with slightly lower but still substantial majorities of approximately 90.5%. Poonam Chandrakar was appointed as an Independent Director via a special resolution, receiving 90.55% support.

What the numbers show

The voting patterns reveal a clear distinction between operational restructuring and governance appointments. While structural changes like the asset transfer to the subsidiary garnered nearly 100% approval, government nominee appointments faced roughly 9.5% dissent. This suggests that while minority shareholders largely align with the management's strategic direction regarding renewable energy consolidation, there is minor resistance or abstention regarding specific government-nominated board members.

The e-voting process was managed by NSDL, with remote voting open from September 25 to September 28, 2026. The scrutinizer's report confirmed no invalid votes affected the outcome of any resolution.