Coal India Limited (CIL) has announced the retirement of Shri P.D. Sharma, who served as the Executive Director (Materials & Contracts). His superannuation became effective on April 1, 2025. This change is in accordance with Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 and SEBI (Prohibition of Insider Trading) Regulations, 2015.

Retirement of P.D. Sharma

Shri P.D. Sharma has had a long and distinguished career at Coal India Ltd (CIL), significantly contributing to the company's procurement, materials management, and contract administration. As Executive Director (Materials & Contracts), he played a vital role in overseeing supply chain operations, negotiating key contracts, and ensuring seamless procurement strategies. His retirement marks the conclusion of his tenure in the company’s leadership.

Impact on Coal India Limited

The retirement of a senior leader like Shri P.D. Sharma brings about a transition in Coal India Ltd’s supply chain and procurement divisions. His departure is expected to result in:

1. Leadership Transition – A successor may be announced or an internal restructuring might take place.

2. Operational Continuity – The company is expected to continue its efficient procurement and contract management practices.

3. Strategic Growth – The leadership shift aligns with Coal India’s long-term business goals and operational strategies.

Compliance with SEBI Regulations

In compliance with SEBI Regulation 30, Coal India Ltd has formally disclosed this senior management change to the BSE and NSE, ensuring transparency for investors and stakeholders. Additionally, the disclosure aligns with SEBI (Prohibition of Insider Trading) Regulations, 2015, reinforcing ethical corporate governance practices.

What’s Next for Coal India Limited?

• The company is expected to appoint a new Executive Director (Materials & Contracts) soon.

• There will be a structured transition process to ensure no disruptions in materials procurement and contract execution.

• Coal India Ltd will continue to strengthen its supply chain strategies, focusing on efficiency, cost-effectiveness, and technological advancements.

Conclusion

The superannuation of Shri P.D. Sharma, Executive Director (Materials & Contracts) at Coal India Ltd, is a notable development in the company's senior management. His contributions to procurement strategies and contract management have been crucial for the company’s operational success. As Coal India Ltd moves forward, it remains committed to leadership excellence, strategic procurement, and sustainable growth in the industry.

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