We write to inform you that consequent to the recommendations of the Nomination and Remuneration Commmittee the Board at its meeting held today ie 27.05.25 has appointed Shri Abhishek Kumar ....
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The Board of Nicco Parks & Resorts has appointed Shri. Abhishek Kumar Tiwari, IAS as Nominee Director representing West Bengal Tourism Development Corporation Limited (WBTDC). He replaces the outgoing Shri. Shashank Sethi, IAS, whose nomination was withdrawn by WBTDC. Mr. Tiwari is a 2012-batch IAS officer (West Bengal cadre) and currently serves as Managing Director of WBTDC with additional charge as Director of Tourism, Government of West Bengal. His appointment is effective from the date his Director Identification Number (DIN) is approved. Since Nicco Parks is a joint sector company between GoWB entities (WBIDC and WBTDC), this change reflects a routine government nominee rotation rather than any governance or operational shift.
This is a routine nominee director rotation at a government-backed joint venture and is unlikely to materially affect the company's operations, financials, or stock price. Investors can view this as a standard portfolio reshuffle by the West Bengal government rather than a signal of any underlying concern.