Nuchem Ltd - Lock-out at Chemical Division

Nuchem Ltd has informed BSE that:<br/><br/>1. The IFCI Ltd. has withdrawn its nominee director Sh. Alok Sabharwal from the Board of Directors of the Company w.e.f. June 24, 2011.<br/><br/>2. In the wake of prevailing financial constraints, the management has declared a lock-out at Chemical Division of the Company w.e.f. June 26, 2011.