NLC India Limited has announced a key board appointment, with the Ministry of Coal, Government of India appointing Shri Mangat Ram Sharma as Part-time Official Director effective January 16, 2026. The appointment was communicated through an official letter dated January 16, 2026, and will remain in effect until further orders from the ministry.

Director Appointment Details

The appointment has been made in compliance with Regulation 30 and 51 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The company has informed both the National Stock Exchange of India Limited and BSE Limited about this board change through official communication.

Professional Background

Shri Mangat Ram Sharma brings extensive administrative experience to the NLC India board. He is a senior IAS officer of the 1992 batch belonging to the Tamil Nadu cadre. Currently, he serves as Additional Chief Secretary (ACS), Public Works Department (PWD), Government of Tamil Nadu, while also holding full additional charge of the post of Principal Secretary, Energy Department, Government of Tamil Nadu.

Compliance and Regulatory Aspects

NLC India Limited has confirmed that Shri Mangat Ram Sharma meets all regulatory requirements for the directorial position. The company has affirmed that he is not debarred from holding the office of Director by virtue of any order of Securities and Exchange Board of India or any other regulatory authority.

Key compliance highlights include:

• No relationship with existing directors of the company
• Meets all SEBI regulatory requirements
• Appointment follows proper government procedures
• Full disclosure provided as per SEBI circular requirements

Corporate Governance Impact

The appointment strengthens NLC India's board composition with the addition of an experienced administrative professional. As a Part-time Official Director, Shri Sharma will contribute to the company's governance while maintaining his current government responsibilities. This appointment reflects the continued government oversight and involvement in the operations of this Navratna public sector enterprise.

The company has provided all required details as per SEBI Circular no. SEBI/HO/CFD/CFD-PoD-1/P/CIR/2023/123 dated July 13, 2023, ensuring full transparency and compliance with regulatory disclosure requirements.

NLC India has signed a Memorandum of Understanding with the Gujarat government to develop large-scale renewable energy projects, marking a significant expansion in the company's clean energy portfolio. The strategic partnership represents a major commitment to India's renewable energy transition and sustainable development goals.

Investment and Employment Impact

The MoU carries substantial financial and social implications for the region:

Strategic Partnership Framework

This collaboration between NLC India and Gujarat represents a convergence of expertise and policy support in the renewable energy sector. Gujarat has established itself as a leading state in renewable energy adoption, while NLC India brings extensive experience in power generation and project development.

The partnership is expected to leverage Gujarat's favorable renewable energy policies and infrastructure, combined with NLC India's technical capabilities and project execution experience. This synergy positions the collaboration for successful implementation of large-scale renewable energy initiatives.

Renewable Energy Development Focus

The MoU encompasses the development of large-scale renewable energy projects, aligning with India's ambitious clean energy targets. The substantial investment commitment of ₹2,500.00 crores demonstrates the scale and significance of the planned renewable energy infrastructure.

The employment generation aspect of the agreement highlights the broader economic benefits expected from the renewable energy projects. These opportunities span across various skill levels and technical expertise areas, contributing to local economic development and the growth of India's renewable energy workforce.

Market Significance

This strategic partnership reinforces NLC India's commitment to expanding its renewable energy portfolio and diversifying its power generation capabilities. The collaboration with Gujarat, a state known for its progressive renewable energy policies, provides a strong foundation for successful project implementation and long-term sustainability.