NOCIL Limited's Board of Directors, at its meeting held on May 7, 2026, approved the appointment of M/s. Sharp & Tannan Associates, Chartered Accountants, as the Internal Auditors of the company. The decision was made based on the recommendation of the Audit Committee and was disclosed to the stock exchanges pursuant to Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The Board meeting commenced at 2.30 p.m. (IST) and concluded at 6.30 p.m. (IST).

Appointment Details

The following table summarises the key details of the appointment as disclosed in Annexure A of the regulatory filing:

Profile of M/s. Sharp & Tannan Associates

M/s. Sharp & Tannan Associates is described as one of the leading Chartered Accountant firms in India. The firm has expanded to 10 offices with 500+ employees, 22 Partners, and a cross-border reach. Key highlights of the firm include:

• A combined pool of 475 man-years of professional experience
• Deep knowledge of the local business context
• Multi-disciplinary understanding across sectors
• Clientele that includes some of the biggest names in Indian business

Regulatory Compliance

The appointment disclosure was made in accordance with Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, read with SEBI Circular SEBI/HO/CFD/PoD2/CIR/P/0155 dated November 11, 2024. The filing was signed by Amit K. Vyas, Head – Legal & Company Secretary of NOCIL Limited.

NOCIL Limited , at its Board of Directors meeting held on 7th May 2026, announced a series of significant changes to its board composition, pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The meeting commenced at 2.30 p.m. (IST) and concluded at 6.30 p.m. (IST). The changes include the appointment of two new Additional Independent Directors, the re-appointment of the Executive Chairman, and the completion of tenure of an existing Independent Director.

Board Composition Changes at a Glance

The following table summarises the key directorate changes announced by NOCIL Limited:

All appointments and the re-appointment are subject to the approval of shareholders at the 64th Annual General Meeting of the Company.

Appointment of New Independent Directors

Based on the recommendation of the Nomination and Remuneration Committee, the Board appointed Mr. Sanjiv Lal as an Additional Director designated as Independent Director with effect from 7th May 2026. Mr. Lal brings over 41 years of experience in innovation, sustainability, collaborations, and technology adoption, with extensive experience across the Tata Group and Hindustan Unilever. He served as the Managing Director and CEO of Rallis India Ltd, a leading crop care company, from 1st April 2019 to 31st March 2024. Mr. Lal holds a B.Tech degree in Chemical Engineering from the Indian Institute of Technology (IIT), Delhi, earned in 1983, and has completed several executive development programs including the Management Development Program at IMD Switzerland (2000), the Unilever General Management Program (1996), and the Tata Strategic Leadership Program (2007). He currently serves as an Independent Director on the Board of NACL Industries Limited.

Mr. Sabyaschi Patnaik was also appointed as an Additional Director designated as Independent Director with effect from 7th May 2026. Mr. Patnaik has over 30 years of experience in leadership roles across multinational corporations within the chemical sector. He holds a Bachelor of Technology (B.Tech) in Chemical Engineering from IIT BHU, an M.Sc in Chemical Engineering from Colorado State University, USA, and has completed the Advanced Management Program from the Wharton School of Business, USA. Mr. Patnaik brings proven expertise in operational excellence, international business management, organizational change, and supply chain optimization, and has previously served as a Board Member for two companies.

Re-appointment of Executive Chairman

The Board, based on the recommendation of the Nomination and Remuneration Committee, approved the re-appointment of Mr. Hrishikesh Arvind Mafatlal as Executive Chairman for a period of 5 years from 19th August 2026 to 18th August 2031, subject to shareholder approval at the 64th Annual General Meeting. Mr. Hrishikesh Arvind Mafatlal was a Member on the Board of Governors of IIM Ahmedabad for 12 years (1995–2007) and served as the Vice Chairman of The Cotton Textiles Export Promotion Council (TEXPROCIL). He is a Trustee of N.M Sadguru Water and Development Trust, Chairman of Sri Chaitanya Health and Care Trust, and Chairman of BAIF Development Foundation. The company has affirmed that Mr. Hrishikesh Arvind Mafatlal is not debarred from holding the office of Director by virtue of any order of SEBI or any other such authority. It has also been disclosed that Mr. Hrishikesh Arvind Mafatlal is not related to any Director of the Company except Mr. Priyavrata H. Mafatlal, Non-Executive Director.

Completion of Tenure: Mr. Vilas R. Gupte

Mr. Vilas R. Gupte was appointed as an Independent Director of the Company for a period of 5 years, effective from 27th May 2021 to 26th May 2026. Mr. Gupte expressed his intention not to seek re-appointment for a second term, and consequently, his tenure as an Independent Director concluded at the close of business hours on 26th May 2026.

The company has affirmed, in accordance with BSE Circular No. List/Comp/14/2018-19 dated 20th June 2018, that all directors being appointed are not debarred from holding the office of Director by virtue of any order of SEBI or any other such authority. The detailed disclosures as required under Regulation 30 of the SEBI (LODR) Regulations, 2015, read with SEBI Circular No. SEBI/HO/CFD/CFD-PoD-1/P/CIR/2023/123 dated 13th July 2023, have been provided by the company.