Coal India Limited (CIL), a leading coal producer, has announced significant changes in its senior management, promoting two experienced officials to Executive Director positions. The move, disclosed in a regulatory filing, strengthens the company's leadership team just below the Board level.

New Executive Director Appointments

Human Resource Leadership

Goutam Banerjee, 59, has been appointed as Executive Director (Human Resource). With a career spanning over three decades, Banerjee brings extensive experience to his new role:

• Joined Coal India Limited on June 29, 1994
• Over 31 years of experience in Human Resource and Industrial Relations
• Holds a Post Graduate Diploma in Personnel Management from XISS (Xavier Institute of Social Service)

Financial Expertise

Sanjay Srivastava, 56, has been promoted to Executive Director (Finance). His appointment adds significant financial acumen to the senior management:

• Associated with Coal India Limited since January 1991
• An Associate member of the Institute of Cost Accountants of India
• Diverse experience across various capacities, from mines to corporate offices

Strategic Significance

These promotions are particularly noteworthy as Executive Director positions are one level below the Board of Directors, indicating their strategic importance to Coal India Limited's operations and decision-making processes.

Regulatory Compliance

The company has made this announcement in compliance with Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations 2015 and SEBI Circular No. SEBI/HO/CFD/PoD2/CIR/P/0155 dated November 11, 2024. This transparency ensures that shareholders and the market are promptly informed of significant changes in senior management.

Coal India Limited's decision to promote from within demonstrates a commitment to recognizing and leveraging internal talent. These appointments are expected to bring fresh perspectives to the company's human resource management and financial strategies, potentially influencing its future direction and performance in the dynamic energy sector.

Coal India , India's largest coal mining company, has announced a significant change in the leadership of its wholly-owned subsidiary, Northern Coalfields Limited (NCL). Mamta Palariya has been appointed as a Non-Official Independent Director on the Board of NCL, marking an important addition to the company's governance structure.

Appointment Details

The Ministry of Coal issued the appointment letter on August 25, confirming Mamta Palariya's new role. Her tenure as an Independent Director is set to commence from the date of notification and will continue until March 27, 2026, or until further orders, whichever comes earlier.

Significance of the Appointment

This appointment is noteworthy for several reasons:

1. Governance Enhancement: The inclusion of an independent director strengthens NCL's corporate governance framework, potentially bringing fresh perspectives to the board.

2. Alignment with Parent Company: Palariya's tenure on NCL's board is aligned with her role as a Non-Official Director on the Board of Coal India Limited, ensuring consistency in governance across the parent company and its subsidiary.

3. Regulatory Compliance: The appointment demonstrates Coal India's commitment to maintaining robust board structures in its subsidiaries, in line with regulatory requirements and best practices in corporate governance.

About Northern Coalfields Limited

Northern Coalfields Limited, as a wholly-owned subsidiary of Coal India Limited, plays a crucial role in India's coal production. This appointment may have implications for the company's strategic direction and operational oversight.

Corporate Disclosure

Coal India, adhering to its obligations as a listed entity, promptly disclosed this information to the stock exchanges. The company secretary, B. P. Dubey, communicated the appointment to both the Bombay Stock Exchange (BSE) and the National Stock Exchange of India Limited (NSE) on August 26.

This appointment reflects ongoing changes in the leadership landscape of India's coal sector, potentially influencing the industry's future direction and governance standards.