At meeting held on 27 August 2014
India Nippon Electricals announced that the Board of Directors of the Company at its meeting held on 27 August 2014, Arvind Balaji has been appointed as Managing Director of the Company effective 27 August 2014, pursuant to Sections 196, 203 and other applicable provisions, if any, of the Companies Act 2013, in the category of Non-Independent Director. Consequent on the appointment, he has relinquished office as Whole-time Director.Further, the Company has informed that Subhasis Dey, who was appointed as Manager under Section 269 of the Companies Act 1956, has also relinquished the office.
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