Prabhat Dairy Limited announced that Mr. Rajesh Srivastava, Nominee Director nominated by India Agri Business Fund Ltd. and REAL Trust, and Mr. Raphael Plihon, Nominee Director nominated by Societe De Promotion Et De Participation Pour La Cooperation Economique have ceased to be the nominee directors of the company with effect from September 21, 2015 pursuant to the shareholder's agreement and amendments thereto.