Kiri Industries announces withdrawal of nominee director

with effect from 25 August 2014

Kiri Industries announced that State Bank of India, Overseas Branch, Ahmedabad vide their letter dated 25 August 2014 has informed to the Company regarding withdrawal of their nominee director Jayanta Kumar Sinha w.e.f. 25 August 2014 pursuant to assignment of the Company's debts by State Bank of India in favour of Assets Reconstruction Company.

Jayanta Kumar Sinha was appointed as Nominee Director on behalf of State Bank of India on Board of the Company w.e.f. 12 August 2013, and he ceases to be the Director of the Company upon his withdrawal by the State Bank of India.

 

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