BANCO PRODUCTS (INDIA) LTD. - Outcome of Board Meeting

Banco Products (India) Ltd has informed BSE that the Board of Directors of the Company at its meeting held on March 28, 2015, inter alia, has decided / approved the following:<BR><BR>- The Board approved the re-designation of Shri Mehul K,. Patel (currently Chairman & Managing Director) as the Executive Chairman in capacity as Whole time Director of the Company with immediate effect.