Please find enclosed Postal Ballot Notice dated 12th November, 2025.
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Nicco Parks & Resorts, a joint sector company with the Government of West Bengal, has issued a Postal Ballot Notice dated November 12, 2025 seeking shareholder approval for two resolutions. The first is the appointment of Mr. Abhishek Kumar Tiwary, IAS as a Nominee Director representing West Bengal Tourism Development Corporation, replacing Mr. Shashank Sethi who was withdrawn by WBTDCL. The second is the reappointment of Mr. Vijay Dewan as Non-Executive Independent Director for a second 5-year term from February 12, 2026 to February 11, 2031. Mr. Tiwary is a 2012 batch IAS officer currently serving as Managing Director of WBTDCL, while Mr. Dewan is the Managing Director of Apeejay Surrendra Park Hotels with over 40 years of hospitality industry experience. The e-voting window runs from January 1, 2026 to January 30, 2026 via NSDL.
Routine governance action with no material impact expected on shareholders or stock price. The Nominee Director change reflects a routine government nominee rotation by WBTDCL, and Vijay Dewan's reappointment as Independent Director ensures continuity on the board.