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Nelco informs about Outcome of Board Meeting

04 Apr 2014 Evaluate

Nelco has informed that the Board of Directors of the Company at its meeting held on April 03, 2014, has approved the restructuring of the Company?s Industrial Security & Surveillance Solutions business (ISSS business), by restricting operations and reducing expenditure with a view to minimize losses. This will be subject to necessary approvals / consents / permissions. However, the Company will continue to focus on building its position in the Network Systems business.

The above information is a part of company’s filings submitted to BSE.

 

 

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