The Board of Directors of the Company in their meeting held today, 11th February, 2017 considered letter dated 30th January, 2017 of Prof A N Sadhu (DIN: 00052579) thereby tendering resignation with immediate effect from the office of Non-executive Independent Director on the Board of Directors as well as from the office of a) Chairman of Nomination and Remuneration Committee and b) Member Audit Committee, of the Company. The Board accepted said resignations of Prof Sadhu and placed on record sincere appreciation for invaluable advice provided by him from time to time. In view of said resignation of Prof Sadhu, Nomination and Remuneration Committee and Audit Committee of the Company have been reconstituted in as much as Non-executive Independent Director, Mr Debal Kr Banerji (DIN:03529129) has been appointed as a Member thereof with immediate effect i.e. today 11th February, 2017.