NCL Industries Limited has announced the appointment of Dr. Durga Prasad Subramanyam Anapindi as an Independent Director, following a Board of Directors meeting held on January 22, 2026. The appointment marks a strategic addition to the company's leadership structure as it strengthens its board composition with experienced industry expertise.

Board Meeting Outcome and Appointment Details

The Board of Directors, acting on recommendations from the Nomination and Remuneration Committee, appointed Dr. Anapindi as an additional Director in the Independent Category. The appointment details are structured as follows:

The appointment is subject to shareholder approval, which the Board will seek either through an Extraordinary General Meeting or via Postal Ballot, in accordance with the Companies Act, 2013 and SEBI Listing Regulations.

Professional Qualifications and Experience

Dr. Anapindi brings substantial credentials to NCL Industries' board, with qualifications that include:

• Fellow Member of Institute of Cost Accountants of India (ICMAI)
• PhD in Accounting

His professional experience spans over four decades in infrastructure, finance, corporate governance, and strategic management. Dr. Anapindi has held senior board and committee leadership roles, including positions as Chairman and Audit Committee Chair, with active involvement in strengthening governance, risk management, internal controls, and compliance frameworks.

Leadership Background and Industry Contributions

Dr. Anapindi served as President of the Institute of Cost Accountants of India (ICMAI), a statutory professional body established under an Act of Parliament. During his tenure, he participated as a Member of the Company Law Committee under the Ministry of Corporate Affairs and chaired the Task Force on Costing in Healthcare for the Ministry of Health & Family Welfare.

His expertise encompasses capital structuring, mergers & acquisitions, fund-raising, business valuation, and strategic advisory across infrastructure and allied sectors. His board engagements include roles as Independent Director and Chairman of infrastructure and financial services companies.

Current Directorships and Professional Associations

Dr. Anapindi currently holds directorships and interests in several organizations:

• NCC Limited
• Swell Financial Services Private Limited
• ICMAI Social Auditors Organisation
• Truplusco India LLP

Regulatory Compliance and Meeting Details

The appointment announcement was made pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The Board meeting commenced at 12:15 PM and concluded at 12:45 PM on January 22, 2026. The company has provided requisite disclosures in accordance with SEBI Master Circular SEBI/HO/CFD/PoD2/CIR/P/0155 dated November 11, 2024.

The appointment reflects NCL Industries' commitment to strengthening its board governance structure with experienced professionals who bring diverse expertise in corporate management, financial oversight, and strategic planning capabilities.

NCL Industries Limited has successfully completed its postal ballot process, securing shareholder approval for three critical director appointments that will shape the company's leadership structure. The remote e-voting concluded on January 18, 2026, with all proposed resolutions receiving requisite majority approval from shareholders.

Key Director Appointments Approved

The postal ballot process, initiated through a notice dated December 3, 2025, sought shareholder approval for three strategic appointments. The company successfully secured approval for all three resolutions with strong shareholder participation.

Mr. K Ravi's appointment as Vice Chairman and Managing Director carries a five-year term, representing a significant leadership transition for the company. The appointment required special resolution approval due to the executive nature of the role.

Voting Process and Participation

The remote e-voting process commenced on December 20, 2025, at 9:00 AM IST and concluded on January 18, 2026, at 5:00 PM IST. The company engaged Central Depository Services (India) Limited (CDSL) to facilitate the electronic voting platform for its shareholders.

The voting results demonstrated strong shareholder confidence in the proposed appointments. Mr. K Ravi's appointment as Vice Chairman and Managing Director received approval from 99.51% of valid votes, while both Non-Executive Director appointments secured 99.38% approval rates.

Regulatory Compliance and Oversight

The postal ballot process was conducted under the supervision of scrutinizer Mr. A. Ravishankar (COP No: 4318), a practicing Company Secretary from Ravi & Subramanyam Company Secretaries. The process adhered to Section 110 of the Companies Act, 2013, and the Companies (Management and Administration) Rules, 2014.

The company distributed the postal ballot notice electronically to all members with registered email addresses on December 15, 2025. Public notices were published in Business Standard (English) and Nava Telangana (Telugu) newspapers on December 16, 2025, ensuring comprehensive shareholder communication.

Detailed Voting Breakdown

The voting results across all three resolutions showed minimal opposition, reflecting strong shareholder alignment with the board's recommendations.

The resolutions are deemed approved as of January 18, 2026, the last date of e-voting. The company has fulfilled its disclosure obligations under Regulation 44 and Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, by submitting the voting results to both BSE and NSE.