Foseco India Limited announced that at its Board of Directors meeting held on 6 May 2021, On the recommendation of the Nomination and Remuneration Committee, the Board of Directors of the Company has appointed Mr. Prasad Chavare as an Additional Director on the Board of the Company with effect from 6th May 2021 and consequently will be appointed and designated as the Managing Director and Chief Executive Officer (MD & CEO), for a period of 5 years with effect from 1st June 2021 up to 31st May 2021.