NLC India Replaces Three Independent Directors After One‑Year Term

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Core Change: Three independent directors appointed by the Ministry of Coal completed their 1‑year term and stepped down, prompting a re‑constitution of NLC India Limited’s board with new independent directors.
Effective Date: 27 March 2026 – the date the three directors formally resigned.
Impacted Parties:
- NLC India Limited (board composition and committee structure)
- Investors (governance oversight)
- Regulators – SEBI, NSE, and BSE (filing and disclosure requirements)
- Ministry of Coal (appointing authority)
Why: The change is a routine, procedural rotation to satisfy statutory independence requirements and uphold corporate‑governance norms.
Key Compliance / Legal Requirements:
- Notice filed in accordance with SEBI (LODR) Regulations 2015, Regulation 30 & 51.
- Reference to SEBI circular SEBI/HO/CFD/CFDPod1/P/CIR/2023/123 dated 13 July 2023.
- Intimation submitted to both NSE and BSE with the required annexure.

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