Trans Asia Corporation Ltd. announced that the board of directors of the company at its meeting held on March 28, 2015 has approved the appointment of Mrs. Varda Pandya as Independent Director of the company with immediate effect that is on March 28, 2015. The company has received the resignation letter from Mr. Dayaram Dhoot as on March 26, 2015, the board considered the same and approved. The board decided to change the designation of Mr. Sushilkumar Chokhani from Non-executive director to Independent Director with effect from March 28, 2015 and approved the same.

The board decided to appoint Mr. Vikram Khandelwal as the Chairman of the company with effect from March 28, 2015 in all upcoming events.