Nicco Parks & Resorts Limited announced that, Mr. Abhijit Dutta (DIN: 00233374), ceases to be the Managing Director & CEO of the company from the close of business hours on June 30, 2023, upon conclusion of his term as Managing Director & CEO. Consequently, Mr. Dutta, ceases to be a Director of the Company from end of day June 30, 2023. The Board of Directors of the company at its meeting held on February 13, 2023 appointed, Mr. Rajesh Raisinghani (DIN: 07137479), as Managing Director & CEO, effective July 01, 2023, subject to requisite approvals.

Mr. Raisinghani will assume the office of the Managing Director & CEO of the company, effective July 01, 2023, in place of outgoing Mr. Dutta.