NLC India Limited has announced the promotion of Shri Ashok Kumar Mali to Executive Director, marking a significant leadership appointment within the Navratna government enterprise. The promotion takes effect from March 1, 2026, as part of the company's departmental advancement process.

Leadership Appointment Details

The promotion has been communicated to both the National Stock Exchange of India and BSE Limited in compliance with Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The appointment follows the company's extant policy framework for executive positions.

Professional Background

Shri Ashok Kumar Mali brings substantial financial and operational expertise to his new role. He is a qualified Cost & Management Accountant from the Institute of Cost Accountants of India and currently serves as Chief Financial Officer at Neyveli Uttar Pradesh Power Limited, a subsidiary of NLC India Limited.

Mali's professional experience spans three decades, encompassing critical areas of corporate finance and operations. His expertise includes:

• Project financing and treasury management
• Capital expenditure planning and cost optimization
• Statutory compliance under Indian Accounting Standards (Ind AS)
• Audit coordination including Comptroller and Auditor General oversight
• Corporate governance frameworks
• SAP ERP implementation and management

Corporate Governance Compliance

The appointment notification was signed by Sushanta Kumar Panda, Company Secretary and Compliance Officer, ensuring proper regulatory disclosure. The communication includes comprehensive details as prescribed under SEBI circular No. SEBI/HO/CFD/CFDPoD1/P/CIR/2023/123 dated July 13, 2023.

NLC India Limited, headquartered in Chennai with its corporate office in Neyveli, Tamil Nadu, continues to strengthen its leadership team through internal promotions. The company maintains its registered office at No.135, EVR Periyar High Road, Kilpauk, Chennai, and operates under CIN L93090TN1956GOI003507.

NLC India Limited has announced the retirement of Executive Director Shri Vanchinathan T, who ceased his role on February 28, 2026, upon attaining superannuation age. The Navratna public sector enterprise formally notified both the National Stock Exchange of India and BSE Limited about this senior management change in compliance with regulatory requirements.

Leadership Transition Details

The company provided comprehensive details regarding the executive transition as mandated under SEBI regulations:

Regulatory Compliance

NLC India Limited fulfilled its disclosure obligations under Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The notification was issued in accordance with SEBI circular SEBI/HO/CFD/CFDPoD1/P/CIR/2023/123 dated July 13, 2023, ensuring complete transparency regarding senior management changes.

Company Secretary and Compliance Officer Sushanta Kumar Panda signed the official communication, confirming the company's adherence to prescribed regulatory frameworks. The formal intimation was dispatched to both major stock exchanges where NLC India shares are listed.

About the Transition

The cessation represents a routine leadership transition as Shri Vanchinathan T reached the mandatory retirement age. As an Executive Director, he held a senior management position within the organization's leadership structure. The retirement follows standard corporate governance practices for public sector enterprises regarding age-related superannuation policies.

NLC India Limited, headquartered in Chennai with corporate offices in Neyveli, Tamil Nadu, continues its operations in lignite mining and power generation. The company maintains its status as a Navratna enterprise under the Government of India, reflecting its strategic importance in the energy sector.