Nelco Limited announced that Mr. R.R.Bhinge, Chairman (Non - Executive Non-Independent Director) has stepped down from the Board of Directors of the Company w.e.f. 29th May 2022 pursuant to the "Group Governance Guidelines on Board Effectiveness" for retirement of Non-Executive Directors adopted by the Company on attaining the age of 70 years (the age of retirement). The Board of Directors (on the recommendation of the Nomination, HR and Remuneration Committee), approved the Appointment of Mr. Amur Swaminathan Lakshminarayanan (DIN 08616830) as an Additional Director and Chairman (Non-Executive Non-Independent Director) of the Company with effective 29 May 2022. Mr. Amur Swaminathan Lakshminarayanan currently working as Managing Director and Chief Executive Officer of the Tata Communications Ltd. Mr. Amur Swaminathan Lakshminarayanan is a global techno-commercial leader across regions and industries recognised for developing scalable businesses in UK, Europe, Japan and India, and has worked across the globe.