Nicco Corp. Ltd. at its board meeting held on August 13, 2015, approved the appointment and payment of remuneration to Mr. Kartick Kumar Chatterjee as managing director and CEO of the company with effect from October 1, 2015 to fill up the vacancy created by the resignation of Mr. Swapan Kumar Mukherjee, managing director who shall hold office upto September 30, 2015. The board noted the resignation of Mr. Sanjay Prakash Bansal from the board of directors of the company with effect from August 12, 2015.