Adarsh Mercantile Ltd. announced that Mr. Sourabh Rungta has resigned from the post of Company Secretary & the same is accepted and relieved him from responsibilities effective from close of business hours on June 30, 2016. Consequent to his resignation as Company Secretary, Mr. Sourabh Rungta also ceases to be Compliance Officer of the company. Further note that Mr. Shiv Shankar Sharma is appointed as the Chief Financial officer (CFO) of the company effective from July 01, 2016.

As required under Regulation 18(3) of the LODR, the said appointment has been approved by the Audit Committee at its meeting held on June 30, 2016. Further the Board, at its meeting held on June 30, 2016, has appointed Mr. Shiv Shankar Sharma, CFO as a Whole-time Key Managerial Personnel by passing a resolution under Section 203(2) and 179(3) of the Companies Act, 2013.