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Awaiting price reaction for this filing.
Nicco Parks & Resorts has appointed Mr. Abhishek Kumar Tiwary, IAS, as a Nominee Director on its board with effect from November 10, 2025. He has been nominated by West Bengal Tourism Development Corporation Ltd (WBTDCL), one of the joint sector partners of the company (along with WBIDC). Mr. Tiwary is a 2012-batch IAS officer of the West Bengal cadre and currently serves as the Managing Director of WBTDCL. The appointment follows his receiving a Director Identification Number (DIN) from the Ministry of Corporate Affairs. This is a routine board representation change by the government nominee shareholder, with no other disclosures regarding his relationship with existing directors.
This is a routine nomination by a joint venture partner (WBTDCL) replacing or adding its representative on the board. It is not expected to have a material impact on the stock price or operations, as it reflects the government's continued role as a stakeholder in this joint sector company.