With effect from 22 November 2014
Stone India announced that at the meeting of the Board of Directors of the Company held on 18 November 2014 the resignation of Amitava Mondal, Managing Director & CEO, was considered and it was decided by the Board of Directors, based on the recommendation of the Nomination and Remuneration Committee at their meeting held on date, to relieve him from his service as Managing Director & CEO of the Company at the close of business hours on 22 November 2014.Further on the recommendation of the Nomination and Remuneration Committee, the Board also decided to retain Mondal as an Advisor.
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