Hariyana Ship Breakers: Board Meeting-Appointment of Managing Director

Kindly note that the Board of Directors of the Company (Board) has, in its meeting held today i.e. on March 27, 2018 (said meeting), approved following changes in the Directors and Key Managerial Personnel (KMP) of the Company:

1.Appointment of Mr. Shantisarup Reniwal as the Managing Director of the Company w.e.f. March 28, 2018, in place of Mr. Rakesh Shantisarup Reniwal:

Mr. Shantisarup Reniwal presently serving as an Executive Director on Board of the Company, has been appointed as the Managing Director of the Company, for a period of 5 years w.e.f. March 28, 2018, subject to the approval of the shareholders and such other approvals, as may be necessary.