The Board of Directors of Electrotherm (India) Limited not approved the re-appointment of Mr. Mukesh Bhandari as Chairman of the Company. The current terms of appointment of Mr. Mukesh Bhandari as Chairman will be expire on 31 January, 2020. As such he will ceased to be a Chairman of the Company with effect from 1st February, 2020 and he will be continue as a Director.
The company also announced resignation of Mr. Pawan Gaur, Chief Financial Officer (CFO) of the Company, due to unavoidable circumstances, with effect from 28th January, 2020.