Nicco Parks & Resorts Limited held its 37th Annual General Meeting (AGM) on Friday, July 3, 2026, through Video Conferencing (VC)/Other Audio-Visual Means (OAVM). The meeting commenced at 3:30 PM IST and concluded at 4:30 PM IST.

Mr. Barun Kumar Ray, IAS, Chairman, presided over the meeting. The following directors were present: Mr. Barun Kumar Ray, IAS (Chairman); Mr. Dipankar Chatterji (Chairman of Nomination & Remuneration Committee); Mr. Vijay Dewan (Chairman of Audit Committee, Corporate Social Responsibility Committee and Stakeholders Relationship Committee); Ms. Nayantara Palchoudhuri; and Mr. Rahul Mitra.

Representatives from M/s. Lodha & Co LLP (Statutory Auditors), Mr. P.V. Subramanian (ACS No.: 4585 & CP No.: 2077, Secretarial Auditor), and the scrutinizer were also present.

The company provided e-voting facility to members in compliance with Section 108 of the Companies Act, 2013 and Regulation 44 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. Remote e-voting commenced on Tuesday, June 30, 2026 (9:00 AM) and ended on Thursday, July 2, 2026 (5:00 PM). E-voting was also available during the AGM.

The Chairman informed members that both the Statutory Auditors and Secretarial Auditor had issued qualified opinions in their respective reports on the Standalone and Consolidated Financial Statements and Secretarial Audit Report for the financial year ended March 31, 2026.

Mr. Rahul Mitra, Managing Director & CEO, responded to queries from members regarding the company's operational and financial performance for the year ended March 31, 2026.

The following ordinary businesses were transacted at the meeting:

1. Adoption of Financial Statements: The audited Standalone and Consolidated Financial Statements for the financial year ended March 31, 2026, together with the Reports of the Board of Directors and the Auditors thereon, were received, considered, and adopted.

2. Dividend Declaration:

  • The interim dividend of 100% (Re. 1.00 per equity share of par value Re. 1/- each) paid to shareholders for FY 2025-26, as approved by the Board of Directors on August 12, 2025, was noted and confirmed.
  • A final dividend of 25% (Re. 0.25 per equity share of par value Re. 1/- each) for the financial year ended March 31, 2026, as recommended by the Board of Directors at its meeting held on May 14, 2026, was declared.

3. Director Re-appointment: Ms. Vandana Yadav, IAS (DIN: 02202329), who retires by rotation and is eligible for re-appointment, was re-appointed as a Director of the company as the Nominee of West Bengal Industrial Development Corporation Ltd (WBIDCL).

The voting results along with the Scrutinizer's Report will be furnished to the exchanges within the stipulated time in compliance with Regulation 44(3) of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

The e-voting facility remained open for 30 minutes post conclusion of the AGM for members who had not exercised their votes through the remote e-voting facility.