Nicco Engineering Services Limited has filed a disclosure under Regulation 29(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011, regarding its increased shareholding in Nicco Parks & Resorts Limited. The acquisition represents a strategic move by the promoter group company to strengthen its position in the target entity.

Share Acquisition Details

The company acquired 11,62,514 equity shares of Nicco Parks & Resorts Limited through open market purchases conducted between December 10, 2025, and February 17, 2026. This acquisition represents 2.48% of the target company's total share capital.

Shareholding Pattern Changes

Prior to this acquisition, Nicco Engineering Services Limited held 37,60,211 shares, representing 8.04% of Nicco Parks & Resorts Limited. Following the purchase, the company's shareholding increased to 49,22,725 shares, constituting 10.52% of the total equity capital.

Persons Acting in Concert

The disclosure identifies several persons acting in concert (PAC) with Nicco Engineering Services Limited, including key individuals and corporate entities. The combined holding of the acquirer and PAC entities increased from 91,52,681 shares (19.56%) to 1,03,15,195 shares (22.04%).

Key PAC entities include:

• Mr. Rajive Kaul jointly with Ms. Manjari Mrinalini Kaul holding 21,55,000 shares (4.60%)
• Sunflag Commercial Pvt. Ltd. with 26,70,000 shares (5.71%)
• Hindustan Wire Metal Products Private Ltd. holding 4,49,760 shares (0.96%)

Target Company Information

Nicco Parks & Resorts Limited has an equity share capital of 4,68,00,000 equity shares of Re. 1 each. The company's shares are listed on BSE Limited. The total diluted share capital remains unchanged at 4,68,00,000 equity shares following this acquisition.

Regulatory Compliance

The disclosure was signed by Aanchal Kothari, Company Secretary of Nicco Engineering Services Limited (Membership No. A53924), and filed on February 19, 2026. The acquisition falls under the promoter group category, requiring mandatory disclosure under SEBI takeover regulations when shareholding crosses specified thresholds.

Nicco Parks & Resorts Limited has updated its Key Managerial Personnel (KMP) information in compliance with SEBI's Listing Obligations and Disclosure Requirements Regulations, 2015. The company communicated this update to the Bombay Stock Exchange on February 10, 2026, fulfilling its regulatory obligations under Regulation 30(5).

Key Managerial Personnel Identification

The company has identified two key personnel responsible for determining materiality of events and information, as well as making necessary disclosures to stock exchanges:

Regulatory Compliance Framework

The update serves multiple regulatory purposes under SEBI's framework. The identified KMP will be responsible for assessing the materiality of corporate events and information that require disclosure to stock exchanges. This ensures proper governance and transparency in the company's communication with stakeholders and regulatory bodies.

Corporate Address and Contact Information

The company's registered office is located at Jheel Meel, Sector IV, Salt Lake City, Kolkata - 700 106. As a joint sector company with the Government of West Bengal (WBIDC & WBTDC), Nicco Parks & Resorts operates under CIN L92419WB1989PLC046487.

Disclosure and Documentation

The Managing Director & CEO, Mr. Rahul Mitra (DIN: 07119881), digitally signed the communication to the stock exchange. The company has also disclosed this updated information on its official website, ensuring comprehensive compliance with listing regulations and maintaining transparency with all stakeholders.