NLC India Appoints Dr. Prasanna Kumar Acharya as CMD for Five Years
NLC India Limited announced a corrigendum to its 70th AGM notice. Dr. Prasanna Kumar Acharya has been appointed Chairman cum Managing Director (CMD) for a five-year term effective September 17, 2026. The AGM is scheduled for September 29, 2026.
The appointment of a CMD is a significant leadership change that can impact the company's strategic direction and operational execution, thus having a medium-term impact.
The appointment of a Chairman cum Managing Director for a significant tenure is a positive development for the company's leadership and strategic direction.
NLC India Limited has issued a corrigendum to the notice of its 70th Annual General Meeting (AGM) for the Financial Year 2025-26. The AGM is scheduled to be held on Tuesday, September 29, 2026, at 15:00 Hours IST through Video Conferencing (VC)/Other Audio Visual Means (OAVM).
This corrigendum addresses the appointment of Dr. Prasanna Kumar Acharya as Chairman cum Managing Director (CMD) of the Company. The Ministry of Coal, Government of India, has approved his appointment for a period of five years, effective from September 17, 2026, which is the date of his assumption of charge, or until further orders, whichever is earlier. This appointment was approved by the President of India vide a letter dated September 16, 2026.
Accordingly, item number 11 of the AGM agenda has been proposed as a Special Business requiring an Ordinary Resolution for the shareholders' approval regarding the appointment of Dr. Prasanna Kumar Acharya (DIN: 09625170) as the CMD. The existing business items from Sl. Nos. 1 to 10 remain unchanged.
The detailed corrigendum, along with the explanatory statement, is available on the company's website (https://www.nlcindia.in/webassets/investor/Notice2025-26-2.pdf) and the websites of BSE Limited (www.bseindia.com) and National Stock Exchange of India Limited (www.nseindia.com). The corrigendum forms an integral part of the original AGM Notice, which was circulated to members on September 7, 2026. All other contents of the notice remain unchanged, except as modified or supplemented by this corrigendum.
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