The Board of Directors of the Nelco Limited at its meeting held on 23 May, 2017 approved the change in designation of Mr. P.J.Nath from Executive Director & CEO to Managing Director & CEO of the company with effect from 1 June, 2017 for the remaining period of his existing tenure that is till 12 June, 2018. There is no change in the terms and conditions of Mr. Nath's appointment as approved by the members by passing special resolution on 1 March 2017 through postal ballot. The board also announced change in designation of Mr. Girish V Kirkinde from company secretary to company secretary & head - Legal.