StockWatch
·
Power Generation
Management Change18 Sept 2026, 08:20 pm

NLC India Appoints Dr. Prasanna Kumar Acharya as CMD

AI Summary

NLC India Ltd has announced a significant management change with the appointment of Dr. Prasanna Kumar Acharya as Chairman cum Managing Director (CMD). This appointment, approved by the President of India via the Ministry of Coal, is for a period of five years effective September 17, 2026. The company has issued a corrigendum to its 70th Annual General Meeting (AGM) notice to include this appointment as a special business requiring an ordinary resolution. Shareholders will vote on the appointment at the AGM scheduled for September 29, 2026.

Key Highlights

  • Dr. Prasanna Kumar Acharya appointed as CMD for five years.
  • Appointment effective from September 17, 2026.
  • AGM on September 29, 2026, to approve the appointment.
  • Ministry of Coal approval received for the appointment.