Nucleus Software Exports Limited at its board meeting held on October 17, 2017, approved the cessation of chairmanship of Janki Ballabh, independent director from the board, effective from October 31, 2017, due to attainment of retirement age. The board appointed Mr. S. M. Achary as the chairman of the board, effective from November 1, 2017, on the recommendation of the nomination and remuneration/compensation committee. Mr. Achary joined Nucleus Software board as an independent director in March 19, 2016.