NLC India Limited: Three Independent Directors Cease Positions Upon Term Completion

NLC India Limited has announced the cessation of three Independent Directors following the completion of their appointed terms. The Navratna Government of India Enterprise informed stock exchanges about this board composition change on March 27, 2026.

Directors Completing Terms

Three Independent Directors ceased their positions upon completion of their one-year terms appointed by the Ministry of Coal, the Administrative Ministry. The cessation became effective at the close of business hours on March 27, 2026.

Director Details:	Information
Shri M. T. Ramesh:	DIN: 07313892
Dr. Vasant Ashok Patil:	DIN: 09352913
Shri Pradeep Kumar Saraogi:	DIN: 03083365
Cessation Date:	March 27, 2026
Term Duration:	1 (One) year

Committee Positions Impact

Consequent to their cessation as Independent Directors, all three directors also ceased to be members or chairpersons of respective committees of the Board of Directors with effect from March 27, 2026. This change affects the composition of various board committees where these directors held positions.

Regulatory Compliance

The company has fulfilled its disclosure obligations under Regulation 30 and 51 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The intimation was sent to both National Stock Exchange of India Ltd. and BSE Ltd., providing detailed information as prescribed under SEBI regulations.

Compliance Details:	Information
Regulation:	SEBI LODR Regulation 30 and 51
SEBI Circular:	SEBI/HO/CFD/CFDPoD1/P/CIR/2023/123
Circular Date:	July 13, 2023
NSE Symbol:	NLCINDIA
BSE Code:	513683

The notification was signed by Sushanta Kumar Panda, Company Secretary & Compliance Officer, ensuring proper documentation and regulatory adherence for the directorial changes.

1 Day	5 Days	1 Month	6 Months	1 Year	5 Years
+1.10%	+3.27%	+2.64%	-3.27%	+8.51%	+453.53%

NLC India has announced that India Ratings & Research Private Limited has affirmed credit ratings for the company's financial instruments worth ₹11,423 crore. The rating affirmation covers bank loan facilities, commercial papers, and non-convertible debentures, demonstrating the company's strong creditworthiness across multiple debt categories.

Credit Rating Details

India Ratings & Research has provided comprehensive rating affirmation across three key financial instruments:

Instrument Type	Amount (₹ crore)	Rating/Outlook	Rating Action
Bank loan facilities	2,923	IND AAA/Stable/IND A1+	Affirmed
Commercial Papers (CPs)	6,000	IND A1+	Affirmed
Non-Convertible Debenture (NCD)	2,500	IND AAA/Stable	Affirmed

The ratings reflect NLC India's strong financial profile, with the highest credit quality rating of IND AAA assigned to both bank facilities and NCDs, indicating extremely strong capacity for timely payment of financial commitments.

Rating Significance

The IND AAA rating with stable outlook for bank loan facilities and NCDs represents the highest credit quality rating, suggesting minimal credit risk. The IND A1+ rating for commercial papers indicates the highest degree of safety regarding timely payment of short-term debt obligations. These affirmations provide confidence to investors and lenders about the company's financial stability and repayment capacity.

Regulatory Compliance

NLC India has disclosed this rating affirmation in compliance with Regulation 30 & 51 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The company communicated this development to both National Stock Exchange of India Limited and BSE Limited, ensuring transparency with stakeholders and maintaining regulatory compliance standards.