Nelco Ltd. announced that upon reaching the age of superannuation on June 12, 2012, K A Mahashur has ceased to be a director and executive director of the company at the close of business hours on June 12, 2012. Further, the board of the company in its meeting held on June 11, 2012 has appointed P J Nath as director and designated as executive director and chief executive officer of the company with effect from June 13, 2012.