Elecon Engineering Company Limited announced that the Board of Directors of the Company has at its meeting held on 25th January, 2024 has noted that the second and final term of Shri Jai Diwanji as a Non-Executive Independent Director will be completed on 31st March, 2024 and consequently he will be ceased to be an Independent Director of the Company with effect from the closing of business hours on 31st March, 2024.