Nitco Ltd. — Board/Management Information 2022

Oct 19, 2022

October 19, 2022

To,
Corporate Service Dept.	The Listing Department,
BSE Limited	National Stock Exchange of India Limited
Jeejeebhoy Towers	Exchange Plaza, Bandra Kurla Complex,
Dalal Street,	Bandra (E),
Mumbai –400 001	Mumbai –400051
Script code: 532722	Script code: NITCO

Dear Sir/Madam,

Sub: Outcome of the Board Meeting of NITCO Limited (the "Company") held today i.e. on Wednesday, October 19, 2022

Pursuant to Regulation 30 read together with Part A of Schedule III of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 ("the Listing Regulations"), we hereby inform that the Board of Directors of the Company at their meeting held today i.e. on Wednesday, October 19, 2022 has consider and recommended to Shareholders:

• a) Appointment of Ms. Poonam Talwar (DIN: 00043300) as an Additional Non-Executive Director of the Company with effect from October 19, 2022.
• b) Appointment of Mr. Ajay Bakshi (DIN: 07038685), as an Additional Director (Non-Executive and Independent) w.e.f. October 19, 2022 for a term of 5 consecutive years w.e.f. October 19, 2022 to October 18, 2027.

Further, in compliance with SEBI directives dated June 14, 2018 to the Stock Exchanges, NSE Circular No. NSE/CML/2018/24 dated June 20, 2018 and BSE Circular No. LIST/COMP/ 14/2018-19 dated June 20, 2018, this is to affirm that Ms. Poonam Talwar and Mr. Ajay Bakshi has not been debarred from holding the office of director by virtue of any SEBI order or any other such authority.

The details required under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 and SEBI Circular No. CIR/CFD/CMD/4/2015 dated September 09, 2015 are given in the enclosed Annexure I.

The Meeting of Board of Directors of the Company commenced at 5:30 P.M. and concluded at 6:05 P.M.

This is for your information and records.

Yours Faithfully, For NITCO LIMITED

VIVEK PRANNA TH TALWAR Digitally signed by VIVEK PRANNATH TALWAR DN: c=IN, o=Personal, title=7098, pseudonym=886A9C4B095EBFE3D20 EFE8B5537929D6B3763F1, 2.5.4.20=1ba122b609153a6d361743f9 a364e2289b1fe2116e39287aee98d91 29baa257b, postalCode=400026, st=Maharashtra, serialNumber=487A93C67F0077B930 E213846F4B5034936C03CE6AC9EE1C 56371AD800C03DC8, cn=VIVEK PRANNATH TALWAR Date: 2022.10.19 18:12:07 +05'30'

Vivek Talwar Managing Director

Annexure I

Disclosures pursuant to Regulation 30 of the Listing Regulations and SEBI Circular No. CIR/CFD/CMD/4/2015 dated September 9, 2015

Sr.	Detailstobe	Information of such event
No.	provided
1.	Reason for change	Appointment of Ms.Poonam Talwar (DIN: 00043300) as
		an Additional Non-Executive Director of the Company.
2.	Dateof	W.e.f. October 19, 2022.
	appointment&
	termof
	appointment
3.	Brief profile of theappointee	Ms.Poonam Talwaris Commerce Graduate, holds degreeof LLBand Diploma in Fashion Designing. She has beenworking actively in the family business since 1999.Shetook over a managementofsick unit manufacturingMosaic Tiles and turned it around to a profitable one andstarted 2 more factories in Mumbai manufacturing MosaicTiles, Chequered Tiles and Interlocking Pavers.She isindependently looking after the operations of Mosaic,Chequered and Interlocking Pavers in Bangalore andHyderabad and started her own business of constructingand renting out industrial sheds in Hyderabad andBangalore. She also undertook a Construction Project inNew Delhi, independently.She was also actively involved in the Company, lookingafter the sales of certain clients, administration andmaking strategies to control expenses few years back.
4.	Disclosureof	Ms.Poonam Talwaris sister of Mr.Vivek Talwar,
	relationships	Managing Director of the Company.
	between directors

Sr.No.	Detailstobeprovided	Information of such event
1.	Reason for change	Appointment of Mr.Ajay Bakshi (DIN: 07038685) as an
		Additional Non-Executive Independent Director of the
		Company
2.	Dateof	W.e.f. October 19, 2022for tenure of 5years
	appointment&
	termof
3.	appointmentBrief profile of the	Mr.Ajay Bakshi is a Mechanical Engineer. He also has a
	appointee	Master'sdegreeinBusinessAdministrationand
		completed his PHD in Philosophy, specializing in Human
		Resources and Organizational Development.
		Mr.Ajay Bakshi is a Senior HR thought leader, Ex CHRO,
		Independent Board, Executive Coach at C suite levels and
		Business Leader with extensive experience in HR, Sales
		and Business leadership with an experience of 30 plus
		years in transforming organizations through people.
		HehascontributedasaCHROandLeadershipmanagement Team member in various organizations likeVodafoneGlobalServices(India),PrudentialGlobalServices India and Sterlite Technologies and Power.Hehas international experience with Prudential Plc as Headof Talent for UK& Europe where he was responsible fortheTalentmanagementstrategydesignandimplementationincludingDevelopmentcentersforPrudential Plc across UK, Hong Kong, India, Malaysia,Vietnam and Singapore. He has been Head HR for SterliteTechnologies and was instrumental in the successfulintegration and merger of the Telecom cables and PowerTransmission business of the Sterlite group.
		In 2022, Mr.Ajay Bakshi was appointed as the Presidentand Board Director of Intelligent Leadership ExecutiveCoaching.
4.	Disclosureof	NIL
	relationships
	between directors

Registered Office: NITCO Limited, NITCO House, Sheth Govindram Jolly Marg, Kanjur Marg (East), Mumbai- 400 042. Tel.: 91-22-67302500|67521555, Fax: 91-22-25786484. CIN: L26920MH1966PLC016547. Email: investorgrievances@nitco.in, Website: www. nitco.in