We wish to inform you that Mr. Rahul Mitra, presently serving as Executive President - Company Secretary & Compliance Officer of Nicco Parks & Resorts Limited, has been appointed as a Director ....
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Nicco Parks & Resorts has appointed Mr. Rahul Mitra as the new Managing Director & CEO, effective 27 January 2026. Mr. Mitra, who has been with the company since 2011, was previously serving as Executive President – Company Secretary & Compliance Officer. The Board approved his elevation based on the recommendation of the Nomination & Remuneration Committee. His term as MD & CEO will be for three years, subject to shareholder and other statutory approvals. Upon this appointment, he ceases to hold the position of Company Secretary & Compliance Officer. He is a qualified Company Secretary with experience in corporate governance, compliance, finance, and amusement park operations.
This is a smooth internal succession with continuity in leadership, as the new MD & CEO is a long-serving insider familiar with the business. Short-term stock impact is likely neutral, as the change is an internal promotion rather than a disruptive event.