The board of directors of HBL Power Systems Limited at its meeting held on August 10, 2018, on recommendation of the nomination and remuneration committee, appointed Mr. Abhishek G Poddar as an additional director in place of Mr. Mitin C Jain, accepted the resignation of Mr. Mitin C Jain and appointed Mr. Madireddy Chandra Mohan as a additional directors (Non-Executive, Independent) who shall hold office up to the date of the upcoming annual general meeting of the company wherein his appointment as an independent director will be placed before the members for their approval. The board has appointed Mrs. A. Kavita Prasad, CFO of the company as an additional (Executive, Woman Director) and payment of remuneration. She shall be hold office up to the date of the upcoming annual general meeting of the company wherein her appointment as whole-time directors and CFO will be placed before the members for their approval.