NLC India Limited has informed the Exchange regarding Cessation of Mr Pradeep Kumar Saraogi as Non- Executive Independent Director of the company w.e.f. March 27, 2026, on completion of his term.
NLCINDIA · price
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NLC India Limited, a Government of India Navratna enterprise, has informed the stock exchanges that three Independent Directors — Shri M. T. Ramesh, Dr. Vasant Ashok Patil, and Shri Pradeep Kumar Saraogi — ceased to hold office at the close of business on March 27, 2026. All three were appointed by the Ministry of Coal (the Administrative Ministry) for a fixed term of one year, and their departures are on the natural completion of that term, not on account of any dispute or resignation. Along with their board positions, they also stepped down as members or chairpersons of various board committees from the same date. The company has filed the required disclosures under SEBI LODR Regulations with both NSE and BSE.
This is a routine, scheduled end-of-term exit and is unlikely to materially affect the stock price. Shareholders should watch for announcements on the appointment of new Independent Directors by the Ministry of Coal, as the board will need to be reconstituted to meet SEBI's composition requirements.