With effect from 25 June 2015
Ballarpur Industries announced that Life Insurance Corporation of India (LIC), vide its letter dated 25 June 2015, has informed that A. P. Singh, Nominee Director on the Board of Directors of the Company (Board), has resigned from the Board vide his letter dated 27 May 2015 and has proposed B. Venugopal, to represent LIC as its Nominee Director on the Board.A. P. Singh in his letter dated 27 May 2015 received alongwith his LIC's aforesaid letter has informed that his resignation is on account of his completion of 2 terms of 3 years each as Nominee Director of LIC.
Consequently, A. P. Singh, has ceased to be a Nominee Director of LIC w.e.f. close of business hours on 25 June 2015 and B. Venugopal shall be appointed by the Board in his place.
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