Modern Converters Limited announced that at its board meeting held on January 9, 2017, approved the resignation of Mr. Doumitra Trivedi from the post of Managing Director of the company and appointment of Mr. Yash Kishore Saraogi as Managing Director, subject to approval of shareholders at the upcoming AGM. He shall also act as a compliance officer of the company. The board also reconstitution of audit committee. The committee shall now consist of three members that is Binit Agarwal, Yash Kishore Saraogi and Renu Sharma.