Nyssa Corporation Limited has filed its unaudited financial results for the third quarter of FY26 with the Bombay Stock Exchange, marking another regulatory milestone for the Mumbai-based company. The results cover the quarter ended December 31, 2025, and were submitted under Regulation 33 of SEBI LODR Regulations, 2015.

Board Meeting and Regulatory Compliance

The board of directors approved the financial results during a meeting held on February 14, 2026. The meeting commenced at 10:40 hours and concluded at 11:45 hours, with Managing Director Sandeep Gaur (DIN: 05284870) overseeing the proceedings.

Business Operations and Segments

The company's current income streams are derived from two primary business segments: Investment activities and Real Estate operations. For its real estate projects, Nyssa Corporation follows the "Percentage Completion Method" for revenue recognition, adhering to the guidance note issued by the Institute of Chartered Accountants of India (ICAI) for Real Estate Companies.

Significant Corporate Development

A major corporate restructuring occurred during the quarter when Nyssa Corporation sold its 99% partnership interest in Partnership Firm Mark Developer on November 14, 2025. This transaction resulted in Mark Developers ceasing to be a subsidiary of the company effective from November 14, 2025.

Financial Reporting Impact

Due to the divestment of Mark Developer, the consolidated results have been prepared only till the interim period ending November 14, 2025. Consequently, the consolidated figures are not comparable with the corresponding period figures, as noted in the company's disclosure.

The company has also indicated that figures for previous periods have been regrouped or rearranged wherever considered necessary, following standard accounting practices for better presentation and comparability.

Nyssa Corporation Limited has announced significant changes to its Board of Directors and Key Managerial Personnel, marking a comprehensive restructuring of its leadership team. The changes were approved during a board meeting held on January 23, 2026, and became effective immediately.

New Appointments

The company has appointed four new members to strengthen its leadership structure:

All newly appointed directors will serve for a term of five years from January 23, 2026, and are not eligible to retire by rotation. The remuneration for directors has been set at ₹5,000.00 per meeting plus actual out-of-pocket expenses.

Director Profiles

The new appointees bring diverse expertise to the board:

Brinda Kar is a mechanical engineering professional with six years of industry experience and 20 years of successful experience in running a self-owned plastic production factory. He holds a Diploma in Mechanical Engineering and was born on February 6, 1966.

Vandana Singh brings over eight years of experience in management and administration with active participation in employee coordination. She is a graduate (B.A.) and was born on August 10, 1997.

Dhiraj Kumar Das possesses approximately 20 years of knowledge in accounting matters. He is a commerce graduate (B.Com.) and was born on July 1, 1986.

Resignations Accepted

The board simultaneously accepted resignations from four existing members, all citing voluntary resignation due to other commitments and business assignments:

Regulatory Compliance

The company has ensured full compliance with SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, particularly Regulation 30. Additional disclosures have been provided as required under Schedule III - Para A(7B) of Part A of the Listing Regulations.

For the resigning independent directors, the company noted that Sonal Atal also serves as an Independent Director at TTI Enterprise Limited, where she is a member of the Audit Committee and Chairperson of the Nomination & Remuneration Committee. Hemant N. Gokhale does not hold any other listed company directorships.

Meeting Details

The board meeting commenced at 10:00 hours and concluded at 11:35 hours on January 23, 2026. The decisions were communicated to BSE Limited under the company's scrip code 531463, with Managing Director Sandeep Gaur (DIN: 05284870) signing the official communication.

All newly appointed directors have confirmed they hold no shareholding in the company and have no relationships with the company or other directors. None of the new appointees hold directorships in other public companies or memberships in audit and stakeholders' relationship committees across public companies.