Horizon Infrastructure Limited announced that the Board of Directors of the Company, in its Meeting held on November 14, 2013, noted that upon implementation of the Scheme approved by the Hon'ble High Court, Bombay, Mr. Nikhil Gandhi will be the Chairman of the Company with effect from November 15, 2013. The meeting noted that upon implementation of the Scheme approved by the Hon'ble High Court, Bombay, Mr. Bhavesh Gandhi will be the Vice Chairman of the Company with effect from November 15, 2013. The meeting accepted the resignation of Mr. C. S. Sanghavi, Whole-time Director of the Company, with effect from closure of business hours on November 14, 2013 and decided to appoint Mr. Nikhil Gandhi as a Whole-time Director of the Company with effect from November 15, 2013.