Nicco parks & resorts Limited has announced a significant leadership change with the appointment of Mr. Rahul Mitra as Managing Director & Chief Executive Officer. The appointment was made at the Board Meeting held on January 27, 2026, following recommendations from the Nomination & Remuneration Committee.

Leadership Transition Details

The appointment represents an internal promotion for Mr. Mitra, who was previously serving as Executive President – Company Secretary & Compliance Officer of the company. Upon his elevation to the MD & CEO position, he will cease to hold his former office as Company Secretary & Compliance Officer.

Professional Background and Qualifications

Mr. Rahul Mitra brings extensive experience to his new role, having been associated with Nicco Parks & Resorts Limited since 2011. He is a senior management professional and qualified Company Secretary with comprehensive expertise across multiple business functions.

Educational and Professional Credentials

• Associate Member of the Institute of Company Secretaries of India (ICSI)
• LL.B., PGDBM (Finance & Marketing)
• CAIIB and B.Com (Honours)
• Management Development Programmes from IIM Calcutta and IIM Ahmedabad
• Listed Company Compliance certification (NISM)
• CSR, BRSR & ESG and Social Audit certifications (ICSI)
• IAAPA and IAAPi certifications

Industry Experience and Leadership

Mr. Mitra has developed enterprise-wide leadership capabilities across various operational areas including amusement park operations, hospitality, guest experience, and safety management. His expertise spans corporate governance, regulatory compliance, legal matters, finance, and administration. He currently serves as State Chairman of IAAPi and brings significant domestic and international exposure in the amusement and leisure industry.

Regulatory Compliance and Approvals

The Board has confirmed that Mr. Mitra fulfills all conditions specified under the Companies Act, 2013 and related rules. The company has disclosed that he is not debarred from holding the office of Director or Key Managerial Personnel by any order from SEBI or other statutory authorities. The appointment is subject to shareholder approval and other requisite statutory approvals.

Corporate Governance

Mr. Mitra is not related to any existing Director of the company, ensuring independence in the leadership structure. The appointment follows proper corporate governance protocols with recommendations from the Nomination & Remuneration Committee and Board approval under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Nicco Parks & Resorts Limited has issued a postal ballot notice dated November 12, 2025, seeking shareholder approval for the appointment of two directors through electronic voting. The company has engaged National Securities Depository Limited (NSDL) to facilitate the remote e-voting process for its members.

Proposed Director Appointments

The postal ballot covers two key resolutions for director appointments:

Nominee Director Appointment

Mr. Abhishek Kumar Tiwary, IAS, was initially appointed as a nominee director on November 10, 2025, following the withdrawal of nomination of Mr. Shashank Sethi, IAS, by West Bengal Tourism Development Corporation Limited (WBTDCL). Mr. Tiwary currently serves as Managing Director of WBTDCL and holds a Bachelor of Technology in Electrical and Electronics Engineering from the Indian Institute of Technology, Kanpur. He represents WBTDCL's interests on the company's board and will be liable to retire by rotation if appointed.

Independent Director Reappointment

Mr. Vijay Dewan seeks reappointment as an independent director for a second term of five consecutive years, effective from February 12, 2026, to February 11, 2031. He currently serves as Managing Director of Apeejay Surrendra Park Hotels Ltd and brings over 40 years of experience in the hospitality industry. Mr. Dewan holds a Master's degree in Organic Chemistry and a Post Graduate Diploma in Hotel Management, with additional professional courses from Cornell University, London Business School, and Harvard Business School.

E-Voting Process and Timeline

The company has established a comprehensive e-voting framework for the postal ballot process:

Shareholders whose names appear in the Register of Members or List of Beneficial Owners as on the cut-off date are entitled to vote. The voting rights will be proportionate to their shareholding in the company's paid-up equity share capital.

Compliance and Communication

In compliance with Ministry of Corporate Affairs circulars, the postal ballot notice is being sent only through electronic mode to members whose email addresses are registered with the company, registrar and transfer agent, or depositories. Physical copies of the notice along with postal ballot forms are not being distributed for this process.

The notice is available on multiple platforms for shareholder access:

• Company website: www.niccoparks.com
• BSE Limited website: www.bseindia.com
• NSDL e-voting portal: www.evoting.nsdl.com

The scrutinizer will prepare a detailed report after the conclusion of e-voting on January 30, 2026, and the results will be declared forthwith. The resolutions, if passed by requisite majority, will be deemed effective from January 30, 2026, being the last day of remote e-voting.