Financial services firm Wall Street Finance today said Bhupendra Kumar Modi has resigned as the Director and Chairman of the board of directors of the company.
His resignation would be effective from February 8, Wall Street Finance said in a filing to the Bombay Stock Exchange.
B K Modi is being replaced by Dilip Modi, who has been appointed as the Chairman and an additional director on the board of the company. His appointment would come with effect from February 9.
Dilip Modi is presently the Group President-Global Operations of Spice Group and Chairman of Spice Mobiles. He is also the Senior Vice-President of industry body Assocham.
Besides, the financial services firm also announced the appointment of Divya Modi as Vice-Chairman on the board with effect from February 9.