The board of directors of Igarashi Motors India Limited at its meeting held on September 10, 2019, approved the resignation of Mr. P Mukund as the Managing Director of the company, effective September 30, 2019; approved the appointment of Mr. R Chandrasekaran, who has been presently working as Chief Financial Officer of the company, as an Additional Director and Managing Director of the company for a period of 3 years effective from October 01, 2019 on the recommendation of the Nomination and Remuneration Committee, Audit Committee and the Board of Directors of the company respectively; approved appointment of Mr. S Vivekchandranath as the Chief Financial Officer of the Company with effect from October 01,2019 on recommendation of the Nomination and Remuneration Committee, the Audit Committee and the Board of Directors of the Company respectively. Mr. R Chandrasekaran has resigned as Chief Financial Officer effective from September 30, 2019.