The board has accepted the resignation of Frank Sherer from the directorship of the company.

The board has appointed G Kannan as additional director on the board of the company and also designated as managing director.

The board has appointed Kapil Kapoor as vice-chairman.

The board has appointed Frank Sherer and C R Dua as alternate directors to Hans Kristian Hoejsgaard and Kapil Kapoor respectively.

This was decided at the board meeting held on 29 January 2009.