Sanghvi Forging & Engineering Limited announces the approval of the Resolution Plan for the Company submitted by Bharat Forge Limited, the Resolution Application ("Resolution Applicant"), by the National Company Law Tribunal, Ahmedabad Bench ("NCLT") vide its order pronounced on 26th April, 2021 and uploaded on the website on the NCLT on 29th April, 2021 ("NCLT Order"). In accordance with the NCLT Order and in terms of the approved Resolution Plan, the Monitoring Committee at its meeting held on 6 May 2021 has appointed the following persons as key managerial personnel of the Company: Mr. Sandeep Goel as Chief Executive Officer; and Mr. Shivang Dave as Chief Financial Officer. Ms. Deepika Agrawal continues to act as Compliance Officer of the Company in terms of Regulations 6(1) of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The intimation to this effect has been already submitted to the exchange on 30th May, 2018. Mr. Sandeep Goel holds double graduate degrees in B.E.(M) (1986) and M.B.A. (1988). Mr. Goel has hands on experience of nearly 31 years in forging industry. He is specialised in handling heavy forging division, talent development related to business activities, Marketing /business development activities, Cost control (energy, manpower, stores, etc.). Mr. Shivang Kaushik Kumar Dave, is a Member of Institute of Chartered Accountants of India and holds a graduate degree in Commerce with 9 years' experience in the field of Accounts, Finance, Taxation, Costing and as well as IT. His core areas of practice include Accounts, Finance & Taxation which includes Financial Planning and control, Budgeting, Accounts, Taxation, Auditing, Treasury Management and MIS Reporting, Commercial Operations, Start- up Operations and Accounting, Internal Control, Compliance, Costing, Secretarial work, Due Diligence and ERP Implementation across the manufacturing industries. Further, he possesses good communication, administrative and analytical skills with demonstrated abilities in process of efficiency, streamlining and operation.