1. Directors of the Company appointed Mr. Raj H. Eswaran as Managing Director of the Company effective from April 01, 2012 for a period of five years. Mr. Raj H. Eswaran has been on the Board as Director of the Company for nearly 12 years.
2. Mr. JDN Sharma on March 31, 2012 retired from the services of the Company as Chief Executive. Soon after his retirement, the Company''s Board inducted Mr. Sharma as Director of the Company.