Nyssa Corporation Limited has announced significant changes to its Board of Directors and Key Managerial Personnel, marking a comprehensive restructuring of its leadership team. The changes were approved during a board meeting held on January 23, 2026, and became effective immediately.

New Appointments

The company has appointed four new members to strengthen its leadership structure:

All newly appointed directors will serve for a term of five years from January 23, 2026, and are not eligible to retire by rotation. The remuneration for directors has been set at ₹5,000.00 per meeting plus actual out-of-pocket expenses.

Director Profiles

The new appointees bring diverse expertise to the board:

Brinda Kar is a mechanical engineering professional with six years of industry experience and 20 years of successful experience in running a self-owned plastic production factory. He holds a Diploma in Mechanical Engineering and was born on February 6, 1966.

Vandana Singh brings over eight years of experience in management and administration with active participation in employee coordination. She is a graduate (B.A.) and was born on August 10, 1997.

Dhiraj Kumar Das possesses approximately 20 years of knowledge in accounting matters. He is a commerce graduate (B.Com.) and was born on July 1, 1986.

Resignations Accepted

The board simultaneously accepted resignations from four existing members, all citing voluntary resignation due to other commitments and business assignments:

Regulatory Compliance

The company has ensured full compliance with SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, particularly Regulation 30. Additional disclosures have been provided as required under Schedule III - Para A(7B) of Part A of the Listing Regulations.

For the resigning independent directors, the company noted that Sonal Atal also serves as an Independent Director at TTI Enterprise Limited, where she is a member of the Audit Committee and Chairperson of the Nomination & Remuneration Committee. Hemant N. Gokhale does not hold any other listed company directorships.

Meeting Details

The board meeting commenced at 10:00 hours and concluded at 11:35 hours on January 23, 2026. The decisions were communicated to BSE Limited under the company's scrip code 531463, with Managing Director Sandeep Gaur (DIN: 05284870) signing the official communication.

All newly appointed directors have confirmed they hold no shareholding in the company and have no relationships with the company or other directors. None of the new appointees hold directorships in other public companies or memberships in audit and stakeholders' relationship committees across public companies.

Nyssa Corporation Limited has announced significant changes in its leadership and business structure, along with the release of its financial results for the second quarter and half-year ended September 30, 2025.

Board Approves New Director Appointment

The company's board has approved the appointment of Sandeep Gaur as an Additional Wholetime Director, effective November 14, 2025. Gaur brings 23 years of experience in General Administration, Marketing, and Information Technology to the role. He holds a Bachelor's and Master's degree in Business Administration, along with an A+ certification.

Exit from Partnership Business

In a strategic move, Nyssa Corporation has decided to dispose of its 99% partnership interest in Mark Developers, Surat. The stake will be sold to Grace United Developers Pvt. Ltd., Mumbai, for Rs. 99,000.00. This transaction marks Nyssa Corporation's complete exit from the partnership firm.

Financial Performance

The board has approved the unaudited standalone and consolidated financial results for Q2 and H1 FY2026. Key financial highlights include:

All figures in crore rupees

The company's standalone profit before tax and extraordinary items for the half-year stood at Rs. 52.93 crore, compared to Rs. 388.93 crore in the same period last year. On a consolidated basis, this figure was Rs. 93.85 crore, down from Rs. 383.32 crore in the previous year.

Cash Flow and Liquidity

Nyssa Corporation reported a positive net cash flow from operating activities of Rs. 83.33 crore on a standalone basis, a significant improvement from the negative Rs. 607.21 crore in the previous year. The consolidated net cash flow from operating activities was Rs. 37.21 crore, also an improvement from the negative Rs. 461.82 crore last year.

The company's cash and cash equivalents decreased slightly, with the standalone balance at Rs. 3.00 crore and the consolidated balance at Rs. 4.03 crore as of September 30, 2025.

These developments reflect Nyssa Corporation's efforts to streamline its operations and strengthen its leadership team amidst challenging market conditions.