Nicco Parks & Resorts Appoints New Directors Following Board Meeting
Nicco Parks & Resorts Ltd., a Joint Sector Company, made significant changes to its board on July 20, 2026. Consequent to the recommendations of the Nomination & Remuneration Committee, the company appointed two directors: Shri Soumitra Sankar Sengupta and Mr. Shiv Siddhant Narayan Kaul.Shri Soumitra Sankar Sengupta was appointed as a Nominee Director, representing the West Bengal Tourism Development Corporation Limited (WBTDC). He is a 2009 batch IAS officer of the West Bengal cadre and currently serves as the Managing Director of the West Bengal Tourism Development Corporation Limited. Shri Sengupta also holds the position of Secretary of the Tourism Department.
Mr. Shiv Siddhant Narayan Kaul was appointed as a Non-Executive and Non-Independent Director on the board. Mr. Kaul brings extensive business leadership and governance experience, having worked in both India and overseas. He is an honors graduate with a dual degree in Computer Science and Economics and holds a Master's in Operation Research and Financial Engineering from Princeton University, New Jersey, USA. Mr. Kaul has significant exposure to the Theme Parks Industry.
The details of the newly appointed directors are summarized below:
| Particulars | Shri Soumitra Sankar Sengupta (Nominee Director) | Mr. Shiv Siddhant Narayan Kaul (Non-Executive & Non-Independent Director) |
|---|---|---|
| Date and Term of Appointment | July 20, 2026 | July 20, 2026 |
| Reasons for Change | Nomination by the Nominating Institution i.e. West Bengal Tourism Development Corporation Limited. | Appointed by the Board of Directors as a Non-Executive, Non-Independent Director. |
| Brief Profile | IAS officer (2009 batch) and Managing Director of West Bengal Tourism Development Corporation Limited; Secretary of the Tourism Department. | Possesses extensive business leadership and governance experience in India and overseas. Holds a Masters in Operation Research and Financial Engineering from Princeton University and has exposure to the Theme Parks Industry. |
| Disclosure of Relationships | Not related to any Directors. | Not related to any Directors. |
Stock Price Movement
Nicco Parks & Resorts Ltd. shares settled at ₹77.02 today, edging higher after gaining 2.90%. Throughout the trading session, the stock moved within an intraday range of ₹75.58 to a high of ₹77.70.Disclaimer: Due care and diligence have been taken in compiling and presenting news and market-related content. However, errors or omissions may arise despite such efforts.
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