Resignation of Director

Ortel Communications Ltd has informed BSE that as per the termination agreement dated February 14, 2015 and the disclosure in the Prospectus of the Company dated March 11, 2015 which states that, "Upon commencement of trading of the Equity Shares of the Company on a recognized stock exchange, the NSR nominee director shall cease to be a Director" on the Board of the Company, Mr. Shantanu Yeshwant Nalavadi, the nominee of NSR, has resigned as Director of the Company with effect from the closing hour of March 20, 2015. Board will take note of the same in its next Meeting.

Source : BSE - >www.bseindia.com

Published on March 24, 2015
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