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.