Nelco Ltd — Board/Management Information 2021

Oct 20, 2021

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20[th] October 2021

BSE Limited National Stock Exchange of India Limited Corporate Relationship Dept 5[th] floor, Exchange Plaza, Plot No.C-1 1[st] Floor, New Trading Ring, Block “G” Bandra Kurla Complex Rotunda Building, Bandra (East) P.J. Towers, Fort, Mumbai – 400 051 Mumbai – 400 001

BSE Code : 504112 NSE Code : Nelco EQ

Dear Sirs,

Sub: Effective 1[st] January 2022- change in Key Managerial Personnel Retirement of Mr. Uday Banerjee as Chief Financial Officer on 31[st] December 2021 and appointment of Mr. Malav Shah as Chief Financial Officer

Pursuant to regulation 30 read with Schedule III of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 (“SEBI Regulations”), this is to inform you that the Board of Directors of the Company at its meeting held on 19[th] October 2021 has approved the appointment of Mr. Malav Shah as Chief Financial Officer and Key Managerial Personnel (“KMP”) of the Company with effect from 1[st] January 2022 in place of Mr. Uday Banerjee, who will be superannuated from the services of the Company on 31[st] December 2021.

The details about change in KMP as required under SEBI Regulations and SEBI Circular no. CIR/CFD/CMD/4/2015 dated 9[th] September, 2015 has been given as Annexure to this letter.

Please take the aforesaid on record.

NELCO Limited

Girish V. Kirkinde Company Secretary & Head legal

Encl: As above.

Nelco Limited, EL-6, Electronics Zone, MIDC, Mahape, Navi Mumbai - 400 710, India. Tel: +91 22 6791 8728, 6739 9100 Fax: +91 22 6791 8787 Web: www.nelco.in CIN No.L32200MH1940PLC003164; Email ID:-services@nelco.in

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Annexure

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Sr.No.	Particulars	Details of change effective from 1stJanuary 2022	Details of change effective from 1stJanuary 2022
		Mr. Malav Shah	Mr. Uday Banerjee
1.	Reason for change viz.appointment, resignation,removal, death, cessationor otherwise	Appointment as Chief FinancialOfficer and Key ManagerialPersonnel (KMP)	Retirement from theservicesoftheCompany as ChiefFinancial Officer andKMP
2.	Dateofappointment/cessation (as applicable)& term of appointment	Date of appointment:Effective from 1stJanuary, 2022	Date of cessation on:31stDecember 2021
3.	Brief Profile	Mr. Malav Shah is a CharteredAccountant from ICAI (1996)with corporate experience of 25years in aspects of Finance,Accounts and Audit including forlargereputed&listedcompanies.He has proven Finance &Accounting process experienceandexpertiseinCapitalBudgeting,ROIAnalysis,Economic Viability, and PostInvestment Analysis & ForexManagement Possess excellentinterpersonal,analytical,problem solving and leadershipskills with proven ability inplanning & managing resources.Mr. Malav Shah is employedwith the Company for last 14years and currently designatedasSeniorGM-Accounts,Taxation & Treasury and alsohandling MIS, Audit and otherfinance related functions	-
4.	DisclosureofRelationshipsbetweenDirectors	Not Applicable	Not Applicable

Nelco Limited, EL-6, Electronics Zone, MIDC, Mahape, Navi Mumbai - 400 710, India. Tel: +91 22 6791 8728, 6739 9100 Fax: +91 22 6791 8787 Web: www.nelco.in CIN No.L32200MH1940PLC003164; Email ID:-services@nelco.in

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