Please find the attached letter which is self explanatory.
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Awaiting price reaction for this filing.
Mr. Rajesh Raisinghani (DIN: 07137479), Managing Director & CEO and Key Managerial Personnel of Nicco Parks & Resorts Ltd, has taken early retirement on medical and compassionate grounds. He had been with the company since January 5, 2009, and submitted his retirement request via letter dated July 29, 2025. The Board of Directors, at its meeting on August 12, 2025, accepted the request based on the recommendation of the Nomination & Remuneration Committee, making the retirement effective the same day. His directorship on the Board has also ceased from August 12, 2025. The Board has stated it is in the process of identifying and appointing a new Managing Director and will notify the Stock Exchange once finalised.
This is a leadership transition at the top due to health reasons, not governance concerns. Shareholders may see short-term uncertainty as the company searches for a new MD & CEO, but the exit appears orderly and planned. The stock may experience mild volatility until a successor is announced.