Walchandnagar Industries Limited announced that at its board meeting held on February 7, 2020, Mr. G. K. Pillai, Managing Director & Chief Executive Officer of the Company has expressed his desire not to seek re - appointment and hence will demit his office as Managing Director & Chief Executive Officer on 31st March, 2020 and would continue as Non-Executive Director of the Company with effect from 1st April, 2020.