Goa Carbon Limited has announced a key management change with the resignation of its General Manager (Operations), marking a significant transition in the company's senior leadership team.

Senior Management Departure

Mr. A. Venugopala Naidu, who served as General Manager (Operations) and was classified as Senior Management Personnel under SEBI Listing Regulations, has tendered his resignation from the company. The resignation was formally accepted by the company's management on March 5, 2026.

Regulatory Compliance and Disclosure

The company has fulfilled its disclosure obligations under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The announcement was made to both BSE Limited and National Stock Exchange of India Limited through their respective listing platforms.

The resignation letter, dated February 21, 2026, highlighted Mr. Naidu's commitment to ensuring a smooth transition during his notice period. In his formal communication, he expressed gratitude for the opportunities provided during his tenure and emphasized his dedication to maintaining operational continuity.

Operational Responsibilities

Mr. Naidu held significant operational responsibilities as the unit head for both Paradeep and Bilaspur units of the company. His role encompassed overseeing critical operational functions across these key manufacturing facilities.

In his resignation letter, Mr. Naidu acknowledged the professional enrichment and personal meaning derived from his association with the organization. He specifically mentioned his commitment to extending complete support during the handover process to ensure seamless operational transition.

Management Transition

The company has indicated that the last working day may be subject to mutual agreement between the management and Mr. Naidu, providing flexibility in the transition timeline. This approach demonstrates the company's commitment to ensuring proper knowledge transfer and operational stability during the leadership change.

The resignation represents a strategic career move for Mr. Naidu, who cited alignment with long-term professional goals and career growth opportunities as primary factors in his decision. The company has acknowledged his contributions to operations and collaborative work with colleagues in driving organizational objectives.

Goa Carbon Limited has secured a significant legal victory with the National Green Tribunal (NGT) dismissing an environmental pollution case against its Goa manufacturing plant. The company received the final order dated 27/02/2026 from the NGT's western zone bench in Pune, marking the conclusion of Original Application No. 80 of 2024 (WZ).

Tribunal's Key Findings

The National Green Tribunal ruled decisively in favor of Goa Carbon after conducting a comprehensive review of the allegations. The Tribunal's analysis revealed several critical factors that led to the dismissal of the case.

Regulatory Compliance and Environmental Standards

The Tribunal specifically noted that Goa Carbon maintains a valid Consent to Operate issued by the Goa State Pollution Control Board. This regulatory approval demonstrated that the competent authority was satisfied with the company's environmental compliance standards. The Joint Committee Inspection conducted as part of the proceedings found no instances of non-compliance, and all recommendations made by the inspection committee have been duly implemented by the company.

Case Background and Resolution

The environmental pollution case was filed by applicants who alleged that villagers were suffering from serious ailments due to pollution caused by the company's industrial activities. However, the Tribunal found that the medical reports presented were general in nature and insufficient to establish any specific health impacts directly attributable to Goa Carbon's operations.

Financial and Operational Impact

The company has confirmed that the favorable tribunal order results in no financial impact on its operations. With the dismissal of the case, Goa Carbon can continue its manufacturing operations at the Goa plant without any restrictions or closure directives that were sought by the applicants.

The Tribunal's decision reinforces the company's environmental compliance record and validates its operational practices. The ruling noted that no grounds existed for directing the shifting or closure of the company's Goa plant, given the subsisting valid regulatory approvals and substantial compliance demonstrated through official inspections.