Corporate Announcement
Security Code : 507410    Company : WALCHANNAG    
 
Outcome of Board Meeting 
  Exchange Disseminated Time     
Walchandnagar Industries Ltd has informed BSE that the Board of Directors of the Company at its meeting held on August 13, 2012, inter alia, have decided the following:

1. Approved the appointment of G. K. PiIlai, Chief Operating Officer as Additional Director u/s. 260 of the Companies Act, 1956 and further re-designation as Managing Director & Chief Executive Officer for a period of 5 years w.e.f. November 25, 2012, on expiry of terms of appointment or Mr. J. L. Deshmukh, Managing Director & Chief Executive Officer of the Company.

2. Approved the re-appointment of Mr. Chirag C. Doshi, Managing Director of the Company for a period of 5 years w.e.f. November 25, 2012.
 

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