ntc industries limited at its board meeting held on May 22, 2021, has approved resignation of Mr. Upmanyu Pathak Managing Director with effect from on May 22, 2021; On the basis of recommendation of Nomination & Remuneration Committee, the Board of Directors appointed Mr. Priyawart Dipakbhai Jariwala as Managing Director of the Company for a period of 3 years with effect from May 22, 2021, subject to the approval of the shareholders at the ensuing general meeting of the Company. Mr. Jariwala joined ntc in 2018, wherein he was responsible for handling manufacturing operations. He was also instrumental in carrying out significant improvements in site operations.