The Board of Directors of Orient Abrasives Limited accepted resignation of Mr. Manoj C Ganatra, director of the company effective August 6, 2015. Mr. Pundarik Sanyal, Non-Executive Independent Director, has been elected as the Chairman of the company in place of Mr. Rama Shanker Bajoria. Mr. Mihir H Devani has been appointed as an additional director as per Section 161(1) of the Companies Act 2013, effective August 6, 2015, and he has also been appointed as Whole Time Director u/s 196 of the Companies Act, 2013, subject to approval of shareholders in upcoming AGM.

Mr. Mihir H Devani is also nominated as a Key Managerial Personnel of the company as per Section 203 of the Companies Act, 2013.