Coal India Subsidiary Appoints Mamta Palariya as Independent Director
Coal India has appointed Mamta Palariya as a Non-Official Independent Director on the Board of its subsidiary, Northern Coalfields Limited (NCL). The appointment, effective from August 25, will last until March 27, 2026, or until further orders. This move aligns with Palariya's existing role as a Non-Official Director on Coal India's Board and aims to enhance corporate governance at NCL.

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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:
Governance Enhancement: The inclusion of an independent director strengthens NCL's corporate governance framework, potentially bringing fresh perspectives to the board.
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.
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.
Historical Stock Returns for Coal India
1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
---|---|---|---|---|---|
+0.50% | -1.02% | -1.07% | +1.34% | -28.89% | +169.18% |