We write to inform you that consequent to the recommendation of the Nomination & Remuneration Committee, the Board at its meeting held today i.e. 09.02.2026 appointed Mr. Barun Kumar Ray, ....
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Nicco Parks & Resorts announced a board change effective February 9, 2026. Ms. Nandini Chakravorty, IAS, stepped down as Nominee Director and Chairperson after the Government of West Bengal withdrew her nomination. In her place, Mr. Barun Kumar Ray, IAS (West Bengal Cadre, 1992), was appointed as Nominee Director and designated Chairman of the Board. Mr. Ray currently serves as Additional Chief Secretary, Tourism Department, Government of West Bengal, and brings nearly three decades of administrative experience. Since Nicco Parks is a joint sector company with the GoWB (through WBIDC and WBTDC), this is a routine rotation of the government's nominee on the board.
This is an administrative change driven by the company's government stakeholders and is unlikely to affect business operations or shareholder value. The Managing Director & CEO, Mr. Rahul Mitra, remains unchanged.