Kothari Petrochemicals Limited has announced that the board of directors at its meeting held on August 04, 2016 has approved the Mr. S. Sundaramurthy, company secretary and compliance officer of the company has resigned from the company. The company accepted his resignation and to relieve him of his responsibilities with effect from September 01, 2016. Consequent to his resignation as company secretary, Mr. S. Sundaramurthy also ceases to be compliance officer of the company with effect from September 01, 2016.

The board has decided to take steps to close down the following two foreign subsidiary companies i) Kothari Petrochemicals Pte. Ltd. Singapore - Wholly Owned Subsidiary and ii) Kothari Petrochemicals HK Ltd. Hong Kong – Step down Subsidiary. expected to close by the end of March 2017.