NLC India Limited (NSE: NLCINDIA, BSE: 513683), a 'Navratna' Government of India Enterprise, announced the untimely demise of Dr. Beela Venkatesan, who served as the Government Nominee Director on the company's board. Dr. Venkatesan passed away on September 24, 2025, leaving behind a legacy of dedicated service to the organization.

Board Composition Impact

Dr. Beela Venkatesan, who held the Director Identification Number (DIN) 02729408, ceased to be a director of NLC India Limited effective from the date of her passing. The company, in its official communication to the stock exchanges, described her unexpected demise as an 'irreparable loss' to the organization.

Corporate Governance Compliance

In compliance with the Securities and Exchange Board of India (SEBI) regulations, NLC India Limited promptly informed the National Stock Exchange of India Ltd. and BSE Ltd. about this significant event. The company adhered to Regulation 30 of the SEBI (Listing Obligations and Disclosures Requirements) Regulations, 2015, which mandates the disclosure of such material events.

Condolences and Remembrance

The Board Members and employees of NLC India Limited have expressed their deep sympathy, sorrow, and condolences to Dr. Venkatesan's family. The company's statement reflected the high regard in which Dr. Venkatesan was held, emphasizing the profound impact of her loss on the organization.

Corporate Updates

In a separate but related corporate announcement, NLC India Limited also notified the stock exchanges about the closure of the trading window for company insiders. The trading window will remain closed from September 30, 2025, until 48 hours after the declaration of the Un-Audited Financial Results for the Quarter and Half Year ending on September 30, 2025. This closure is in accordance with the company's internal procedures and SEBI regulations on insider trading.

NLC India Limited, with its registered office in Chennai and corporate office in Neyveli, Tamil Nadu, continues to operate as a key player in the Indian energy sector. As the company navigates this period of transition, stakeholders will be watching closely for any updates on the appointment of a new Government Nominee Director to fill the vacancy left by Dr. Venkatesan's passing.

NLC India Limited (NLCIL), a prominent player in the Indian energy sector, has announced significant developments in its mining operations while continuing its strategic focus on rare earths and renewable energy integration.

New Mining Blocks in Chhattisgarh

NLC India Limited has received Letters of Intent from the Government of Chhattisgarh for two mining blocks:

1. Semhardih Phosphorite & Limestone Block
2. Raipura Phosphorite & Limestone Block

Both blocks are located in Balod, Chhattisgarh. The company communicated this development to stock exchanges through a regulatory disclosure.

Strategic Shift to Rare Earths and Renewable Energy

An executive from NLC India has revealed that the company is primarily concentrating on rare earths and renewable energy integration for its future operations and development. This strategic pivot reflects the growing importance of sustainable resources and clean energy in the global market.

The focus on rare earths could potentially open new revenue streams for NLC India, as these elements are crucial in various high-tech applications, including renewable energy technologies. By integrating this with their renewable energy initiatives, NLC India appears to be positioning itself as a key player in the green technology supply chain.

Global Recognition for Project Management Excellence

NLC India has achieved a significant milestone in its operational capabilities. The company has become the first Central Public Sector Enterprise (CPSE) in India to be awarded the prestigious International Project Management Association (IPMA) Delta Certification – Level 3 (Standardized).

This certification recognizes NLC India's maturity in Project, Program, and Portfolio Management governance practices. It serves as a testament to the company's commitment to:

• Transparency
• Accountability
• Innovation
• Alignment with global project management standards

Implications for Stakeholders

The IPMA Delta Certification is expected to reinforce stakeholder confidence in NLC India's ability to execute projects with excellence and sustainability. It sets a new benchmark for project management standards among Indian CPSEs and aligns with the company's Vision 2030.

Looking Ahead

NLC India's expansion into new mining operations, coupled with its focus on rare earths and renewable energy, and newly recognized project management capabilities, suggests a forward-thinking approach to energy sector challenges. As the company navigates this strategic shift, stakeholders will be watching closely to see how these initiatives translate into operational success and market performance.

The company's proactive stance in adopting global best practices and exploring emerging sectors could potentially strengthen its position in an increasingly competitive and sustainability-focused energy market.