Pursuant to Regulation 30 read with Part A of Schedule III of the SEBI (Listing Obligations and Disclosure requirements) Regulations, 2015, we hereby inform that the Board of Directors, at its meeting held on January 07, 2019 has appointed Mr. Sudhindra Rao Narayana Maganti (DIN: 01820347), the present Chief Executive Officer of the Company as an Additional Director in the capacity of Managing Director and CEO for a period of 3 years with effect from February 1, 2019, subject to the approval of the members. Pursuant to SEBI Circular No.: CIR/CFD/CMD/4/2015, the details are as under: Reason for Change:Appointment as the Managing Director and CEO. Date of Appointment and terms of appointment:Appointed with effect from 1st February 2019 for a period of 3 (three) years. Brief Profile: Mr. Rao, 61 Years, has over thirty six years of experience in the Textile / Power sector and in turning around Companies. Mr. Rao is a Science Graduate and a Chartered Accountant. Mr. Rao was with B.K. Birla Group of Companies from 1981 to 2006 and was Joint President at the time of leaving Century Enka Limited in 2006. Thereafter, he was CEO of Global Windpower Limited and Inox Renewables Limited. Thereafter, he was with BLA Industries Limited as Group President. From June 2014, Mr. Rao is working with Polygenta Technologies Limited as CEO. Considering his contribution to the Company in improving product quality and minimising the losses of the Company, the Board has decided to appoint him as Managing Director subject to approval of the members. Disclosure of...