Walchandnagar Industries has informed that the board of directors of the company at its meeting held on August 13, 2012, has approved the appointment of G. K. PiIlai, chief operating officer as additional director u/s. 260 of the Companies Act, 1956 and further re-designated as managing director & chief executive officer for a period of 5 years with effect from November 25, 2012, on expiry of terms of appointment of J. L. Deshmukh, managing director & chief executive officer of the company.
Further, the board approved the re-appointment of Chirag C. Doshi, managing director of the company for a period of 5 years with effect from November 25, 2012.
The above information is a part of company's filings submitted to BSE.
