The board of NCL Industries Limited approved appointment of Mrs. Roopa Bhupatiraju as Executive Director of the company with effect from October 1, 2019 subject to the approval by members of the company at the next Annual General Meeting by way of Special Resolution. The Board accepted the resignation submitted by Mr. Bh. Subba Raju as Executive Director with effect from October 1, 2019 in view of his proposed appointment as Joint Managing Director of another group company. He will however continue as Non Executive Director on the Board. The Board accepted the resignation of Mr. K. Madhu as Director with effect from September 27, 2019 as a measure to balance the Promoter & Non Promoter Directors.