The board has approved re-appointment of Rajesh Mandawewala as the MD for five years with effect from April 1, subject to approval of the members of the company, Welspun India said in a BSE filing.
Mandawewala, whose term is going to end on March 31, is co-promoter of the firm and has been associated with the company since its inception.
The stock closed at Rs 80.40, down 0.86 per cent, on BSE.
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