Punjab Alkalies & Chemicals Ltd. announced the appointment of Shri Moneesh Kumar, PCS, as managing director of the company by the board in its meeting held on January 02, 2017, due to his nomination by Punjab State Industrial Development Corporation Limited as director under the provisions of Article 129(a) of the Articles of Association of the Company, in place of Shri Amit Dhaka, IAS with effect from January 02, 2017. The company announced the cessation of Shri Amit Dhaka, IAS as director & managing director on the board of directors of the company with effect from January 02, 2017 consequent upon his resignation dated January 02, 2017 due to withdrawal of his nomination by Punjab State Industrial Development Corporation Limited under the provisions of Article 129(a) of the Articles of Association of the company with effect from January 02, 2017.