Change in Directorate

Midfield Industries Ltd has informed BSE about the following changes took place in the Board of Directors of the Company:

1. Mr. M. Ashok Sagar has resigned as the Director as well as the Executive Director of the Company with effect from February 14, 2012. His resignation was approved in the meeting of the Board of Directors of the Company held on March 19, 2012.

2. Mr. U. Srikanth is appointed as the Additional Director of the Company with effect from March 19, 2012, and would hold office upto the date of ensuing AGM. He was also designated as Whole Time Director of the Company for a period of five years with effect from March 19, 2012. He would be considered Executive Non Independent Director for the purpose of Clause 49 of the Listing Agreement.

3. Mr. V. G. Krishna Rao has resigned as the Director of the Company with effect from March 10, 2012. His resignation was approved in the meeting of the Board of Directors of the Company held on March 19, 2012.

4. Mr. Kolli Lakshmi Sreedhar Reddy is appointed as an Additional Director of the Company with effect from March 19, 2012 and would hold office upto the date of ensuing AGM. He would be considered as an Non Executive Independent Director for the purpose of Clause 49 of the Listing Agreement.

Source : BSE - >www.bseindia.com

Published on March 19, 2012
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