NLC India Limited has announced the internal promotion of Shri Ashok Kumar Mali to the position of Executive Director, effective March 1, 2026. Mr. Mali is currently the Chief Financial Officer at Neyveli Uttar Pradesh Power Limited, a subsidiary. His extensive background spans three decades in project financing, treasury management, and capital expenditure planning, promising strong contributions to the company’s operational efficiency.
Key Personnel Update
NLC India Limited has formally communicated a significant organizational change via a regulatory filing dated February 28, 2026. The company confirmed the departmental promotion of Shri Ashok Kumar Mali to the role of Executive Director, classified as Senior Management Personnel. This promotion will take effect from March 1st, 2026.
Profile of the New Executive Director
Shri Ashok Kumar Mali holds qualifications as a Cost & Management Accountant. Prior to this elevation, he was serving as the Chief Financial Officer at Neyveli Uttar Pradesh Power Limited, which is a subsidiary of NLC India Limited.
His professional experience spans over three decades, focusing heavily on specialized financial areas including project financing, treasury management, capital expenditure planning, and cost optimization. His expertise also encompasses statutory compliance under Ind AS, coordination of audits (including C&AG oversight), and the implementation of SAP ERP systems, underscoring his commitment to robust financial management and operational efficiency.
Compliance Documentation
The necessary details regarding this change, as prescribed under relevant circulars, have been attached as Annexure I for record-keeping purposes.
Source: BSE
