NCC Limited has informed the Exchange regarding Appointment of Mr A Karthik as Company Secretary & Compliance Officer of the company w.e.f. May 15, 2026.
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NCC Limited's Board meeting on May 15, 2026 approved multiple items including audited standalone net profit of Rs. 576.76 crore and consolidated net profit of Rs. 723.96 crore for FY2025-26 (vs Rs. 759.44 crore and Rs. 868.25 crore in previous year respectively), reflecting revenue decline. The Board recommended a dividend of Rs. 2.20 per share (110%) subject to shareholder approval. Key appointments include Mr A Karthik as Company Secretary & Compliance Officer (KMP) effective May 15, 2026, and Smt. Kauslya Bhupathi Raju (promoter family member) as Director (Commercial) from September 1, 2026 (related party transaction). Sri Rajender Mohan Malla elected as new Board Chairman from May 24, 2026, succeeding Dr. A.S. Durga Prasad. Sri A V N Raju reappointed as Whole-time Director for 5 years. The 36th AGM scheduled for August 27, 2026.
Revenue and profit declined year-on-year though Q4 showed sequential recovery. Promoter family entry into senior management is a governance development worth monitoring. Dividend maintained at same rate despite lower profits, signaling board confidence. New chairman and board reconstitution following independent director's term completion represents routine board evolution.