Nicco Parks & Resorts Initiates Postal Ballot for Director Appointments
Nicco Parks & Resorts Limited has initiated a postal ballot process for two director appointments - Mr. Abhishek Kumar Tiwary, IAS as nominee director representing WBTDCL, and Mr. Vijay Dewan's reappointment as independent director for a second five-year term. The e-voting period runs from January 1-30, 2026, with NSDL facilitating the electronic voting process for eligible shareholders as of December 26, 2025 cut-off date.
*this image is generated using AI for illustrative purposes only.
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:
| Resolution Type: | Director Details |
|---|---|
| Ordinary Resolution: | Appointment of Mr. Abhishek Kumar Tiwary, IAS (DIN: 11250469) as Nominee Director |
| Special Resolution: | Reappointment of Mr. Vijay Dewan (DIN: 00051164) as Independent Director |
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:
| Parameter: | Details |
|---|---|
| E-voting Period: | January 1, 2026 (9:00 AM IST) to January 30, 2026 (5:00 PM IST) |
| Cut-off Date: | December 26, 2025 |
| Service Provider: | National Securities Depository Limited (NSDL) |
| Scrutinizer: | Mr. P. V. Subramanian (C.P No.: 2077 & ACS: 4585) |
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.
Historical Stock Returns for Nicco Parks & Resorts
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| +2.97% | +1.40% | -9.22% | -32.30% | -38.87% | +67.38% |
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