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| Exchange Disseminated Time | Gandhimathi Appliances Ltd has informed BSE that Mr. V. M. Balasubramaniam, Managing Director of the Company has expressed his desire to resign as Managing Director w.e.f. June 01, 2011 and to continue only as a Non-Executive Director from that date.
At the meeting of the Board of Directors of the Company held on May 12, 2011, the Board, subject to approval of Shareholders at the forthcoming Annual General Meeting of the Company, approved appointment of Mr. V. M. Seshadri as Managing Director of the Company w.e.f. June 01, 2011.
The Company has submitted to BSE a copy of Abstract of Terms of the Contract. |
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