Nicco Parks & Resorts Limited has successfully completed its postal ballot process, with shareholders approving both director appointment resolutions with decisive majorities. The company announced the voting results on January 31, 2026, following the conclusion of the e-voting period on January 30, 2026.

Postal Ballot Overview

The postal ballot process was conducted entirely through electronic voting, facilitated by National Securities Depository Limited (NSDL). Shareholders whose names appeared on the register as of the record date December 26, 2025, were eligible to participate in the voting process.

Resolution Results

Ordinary Resolution - Nominee Director Appointment

The appointment of Mr. Abhishek Kumar Tiwary, IAS (DIN: 11250469) as a nominee director received overwhelming support from shareholders. Mr. Tiwary represents West Bengal Tourism Development Corporation Limited and is liable to retire by rotation.

Special Resolution - Independent Director Re-appointment

Shareholders approved the re-appointment of Mr. Vijay Dewan (DIN: 00051164) as an independent director for a second consecutive term of five years, effective from February 12, 2026, to February 11, 2031.

Voting Process and Compliance

The postal ballot was conducted in accordance with Section 110 read with Section 108 of the Companies Act, 2013, and Regulation 44 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. Company Secretary P. V. Subramanian served as the scrutinizer, ensuring compliance with all regulatory requirements.

Key aspects of the voting process included:

• Electronic voting facility provided by NSDL
• Voting period from 9:00 AM on January 1, 2026, to 5:00 PM on January 30, 2026
• No invalid votes recorded across any category
• Votes unblocked in the presence of prescribed witnesses

Corporate Governance Impact

Both resolutions strengthen the company's board composition and governance structure. Mr. Tiwary's appointment as nominee director reinforces the company's joint sector status with the Government of West Bengal, while Mr. Dewan's re-appointment ensures continuity in independent oversight for the next five years.

The company's VP & CFO Subhra Das Mukherjee communicated the results to the Bombay Stock Exchange, fulfilling disclosure obligations under SEBI regulations. The overwhelming shareholder support demonstrates confidence in the proposed board appointments and the company's governance direction.

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.