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New Delhi, May 4 Soda ash and textiles firm GHCL Ltd on Monday said its board of directors has approved the resignation of Mr Pramod Jain and Mr Jagdish Capoor from the board with effect from April 30 and April 22, respectively.

The board of directors, at its meeting on April 30, also approved the appointment of Mr Sanjiv Tyagi as an additional director of the company from April 30, GHCL said in a filing to the BSE.

The board also took note of financial restructuring of the company through an approved scheme of arrangement, it said.

On April 28, market regulator SEBI had barred the GHCL Chairman, Mr Sanjay Dalmia, and other promoters from the market for discrepancies in submission of promoters’ shareholding from March 2008.

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