REI Agro Limited approved the resignation of Shri Sanjay Jhunjhunwala, the chairman and Director of the Company, who has offered his resignation with immediate effects, form Directorship and Chairmanship of the company and elected Shri Sandip Jhunjhunwala, Managing Director of the Company as the Chairman of the Board of Directors at its Board of Directors meeting held on May 30, 2014.