Coal India Limited has announced significant leadership developments with Shri B. Sairam's appointment as Chairman-cum-Managing Director effective December 15, 2025, followed by his additional appointment as Chief Executive Officer. The Board of Coal India Limited, at its meeting held on December 26, 2025, appointed Shri B. Sairam as CEO, expanding his leadership responsibilities within the organization.

Leadership Transition and Appointments

The comprehensive leadership changes are outlined in the following details:

Shri Sanoj Kumar Jha, who was holding additional charge of Chairman-cum-Managing Director, ceased to be CMD of Coal India Limited effective December 15, 2025. The company has confirmed that the new appointee is not related to any other director of the company and is not debarred from holding the office of Director by SEBI or any other authority.

Professional Background and Experience

Shri B. Sairam brings extensive experience to his expanded role, having previously served as CMD of Northern Coalfields Limited, a wholly owned subsidiary of Coal India Limited. His professional journey spans over three decades of dedicated service in the coal sector, encompassing various critical domains.

His educational qualifications and career highlights include:

Key Achievements and Expertise

During his tenure at various positions, Shri Sairam has demonstrated significant expertise in multiple areas of coal mining operations. At Central Coalfields Limited, he played pivotal roles in the development of coal logistics, First Mile Connectivity projects, Forest Environment Clearances, and projectising greenfield and brownfield mines.

His notable accomplishments include leadership in community development initiatives during his stint as Executive Director at Coal India Limited, instrumental role in projectisation and structuring of project financing at NCL, and development of compensation and rehabilitation framework for urban township shifting. He managed what is considered the largest mining rehabilitation resettlement programme for Jayant expansion project and fast-tracked multiple regulatory clearances for important mining projects.

Strategic Impact and Regulatory Compliance

The dual appointment comes at a crucial time for Coal India Limited, as the company continues to navigate the evolving energy landscape. Shri Sairam's multi-pronged expertise in the coal mining ecosystem is expected to benefit the company significantly in the coming years. His proven track record in earning community trust and accomplishing complex assignments within tight timeframes demonstrates his capability to lead the organization effectively in both CMD and CEO capacities.

Both appointments were announced in compliance with Regulation 30 of the SEBI (LODR) Regulations 2015 and SEBI (Prohibition of Insider Trading) Regulations 2015, ensuring transparency and regulatory adherence in the appointment process.

Coal India Ltd has seen a significant increase in shareholding by Life Insurance Corporation of India (LIC) through a series of market purchases. LIC's stake in the company has risen to 11.497% from the previous 9.450%. This disclosure was made on December 11, 2025, in compliance with SEBI regulations governing substantial acquisitions.

Shareholding Details

The acquisition involved 12,61,62,334 shares, representing 2.047% of Coal India's total share capital. LIC's shareholding progression shows a substantial increase in its investment in the coal mining company.

Transaction Timeline and Method

The share acquisition was conducted through market purchases over an extended period from October 31, 2017 to December 10, 2025. This indicates a systematic accumulation strategy by LIC rather than a single large transaction. The purchases were made through open market operations on NSE and BSE, where Coal India shares are listed.

Regulatory Compliance

LIC filed the disclosure under Regulation 29(2) of the SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011. This regulation mandates disclosure when any person or entity acquires shares that result in their holding exceeding certain thresholds in a listed company.

Strategic Investment

LIC's increased stake in Coal India represents a significant investment by India's largest insurance company in the state-owned coal mining enterprise. The acquisition demonstrates LIC's confidence in Coal India's business prospects and aligns with its investment strategy in large-cap public sector companies. Coal India remains one of the world's largest coal mining companies and a key player in India's energy sector.

The disclosure confirms that LIC does not belong to the promoter or promoter group of Coal India, maintaining its status as an institutional investor. This substantial shareholding increase positions LIC as one of the major institutional stakeholders in the company.