Nitco Ltd. — Board/Management Information 2022

Nov 11, 2022

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November 11, 2022

To,

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

Dear Sir/Madam,

Sub: Disclosure under Regulation 30(2) of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015

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 vide circular resolutions passed on November 10, 2022 has considered, approved and recommended to Shareholders: a) Appointment of Mr. Santhosh Kumar Shet (DIN: 09784476) as an Additional Director (Non-Executive Independent) w.e.f. November 11, 2022 for a term of 5 consecutive years;

• b) Appointment of Mr. Harsh Kedia (DIN:09784141) as an Additional Director (Non-Executive Independent) w.e.f. November 11, 2022 for a term of 5 consecutive years; and

• c) Appointment of Ms. Priyanka Agarwal (DIN: 08089006) as an Additional Director (Non-Executive Independent) w.e.f. November 11, 2022 for a term of 5 consecutive years.

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 Mr. Santhosh Kumar Seth, Mr. Harsh Kedia and Ms. Priyanka Agarwal 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 Listing Regulations and SEBI Circular No. CIR/CFD/CMD/4/2015 dated September 09, 2015 are given in the enclosed Annexure I.

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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

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This is for your information and records.

Yours Faithfully, For NITCO LIMITED

Digitally signed by GEETA GEETA GOPALDAS KARIRA DN: c=IN, o=Personal, title=3031, pseudonym=AD3538CE665B389A C554320CF5C52C6A026BF0FB, 2.5.4.20=85d71f2204112314596d7 GOPALD a3f9d3ad9fde197b77e22f2a700eb dc7a0bb386d9bc, postalCode=421004, AS st=Maharashtra, serialNumber=29281389562B3488 4FBE4B81CF52F0602ECF6F835761 4492E472747B7D5DAED2, KARIRA cn=GEETA GOPALDAS KARIRA Date: 2022.11.11 16:49:49 +05'30' Geeta Karira Company Secretary & Compliance Officer

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

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Annexure I

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

		Mr.	Santhosh Kumar Shet (DIN: 09784476)
Sr. No.	Details to provided	be	Information of such event
1.	Reason for change		Appointment of Mr. Santhosh Kumar Shet (DIN: 09784476) as an Additional Non- Executive Independent Director of the Company.
2.	Date of appointment & term of appointment		W.e.f. November 11, 2022 for tenure of 5 years.
3.	Brief profile of the appointee		Mr. Shet is a Chemical Engineer with a Post-Graduation in Management. He has over 30 years work experience in India and abroad, having worked in Production, Projects, Business Development, Sales, Technical Service, Statutory Liaison and procurement. He is a qualified Radiation Safety Professional certified by AERB. He is an active member of All India Management Association and The Institution of Engineers (India). He is associated with JBF Petrochemicals Ltd. as Senior Manager - Project. He is also a keen planner & strategist with expertise in planning & controlling Projects and production operations with accountability on Return on Investment (ROI). He has involved in setting up MSME unit and Network Marketingin major Direct sales companies.
4.	Disclosure of relationships between directors		NIL

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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

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		Mr. Harsh Kedia (DIN:09784141)
Sr. No.	Details to be provided	Information of such event
1.	Reason for change	Appointment of Mr. Harsh Kedia (DIN: 09784141) as an Additional Non- Executive Independent Director of the Company.
2.	Date of appointment & term of appointment	W.e.f. November 11, 2022 for tenure of 5 years.
3.	Brief profile of the appointee	Mr. Harsh Kedia is a qualified Chartered Accountant and seasoned Finance/Tax professional offering over 12+ years of rich experience with focus on Taxation targeting assignments in Compliance/Advisory/Litigation/Due Diligence in Taxation field with Fortune 500 company. He has experience in finalization of Accounts, Statutory audits, Tax audits, TP audits and handling/ executing Taxation matters of West and Central Asia (WCA) Region of A. P. Moller Maersk A/s group entities. He has experience working with Big 4 consultants and senior lawyers/advisors.
4.	Disclosure of relationships between directors	NIL

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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

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Ms. Priyanka Agarwal (DIN: 08089006)

		Ms. Priyanka Agarwal (DIN: 08089006)
Sr. No.	Details to be provided	Information of such event
1.	Reason for change	Appointment of Ms. Priyanka Agarwal (DIN: 08089006) as an Additional Non- Executive Independent Director of the Company.
2.	Date of appointment & term of appointment	W.e.f. November 11, 2022 for tenure of 5 years.
3.	Brief profile of the appointee	Ms. Priyanka Agarwal is a Fellow Member of ICSI, Registered Valuer (Securities & Financial Assets), and Bachelor of Commerce (B.Com ABST Hons.). She has a rich experience of 12 years in handling issues related to Corporate Laws, FEMA, Legal Due Diligence, Corporate Restructuring, Intellectual Property Rights, Stock Audits, drafting agreements etc. Her expertise lies in the field of Company Law, Corporate Restructuring, IPR matters, Valuation of Share & Securities, FEMA compliances, SEBI compliances, IPO, Secretarial Audits, Due diligence and Start up registrations. She regularly appears before regulatory authorities like Registrar of Companies & Regional Director and also provides consultancy to various start ups on crucial matters like capital structuring, tax planning, ESOPs, valuation, seed and angel round of investments,foreign funding,shareholder agreements etc.
4.	Disclosure of relationships between directors	NIL

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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