Balkrishna Industries Ltd. announced that Board of Directors of the company at its meeting held on February 11, 2012, inter alia, has accepted the resignation of Basant G. Bansal, the Whole Time Director, designated as Director (Finance), from the Board of Directors of the company with effect from February 11, 2012. The Board has approved the appointment of Vipul Shah, as an Additional Director and Whole Time Director of the company for a period of 5 years with effect from February 11, 2012, to be designated as Company Secretary.