Stone India has informed that at the meeting of the Board of Directors of the company held on November 18, 2014 the resignation of Amitava Mondal, Managing Director & CEO, was considered and it was decided by the Board of Directors, based on the recommendation of the Nomination and Remuneration Committee at their meeting held on date, to relieve him from his service as Managing Director & CEO of the company at the close of business hours on November 22, 2014. Further on the recommendation of the Nomination and Remuneration Committee, the Board also decided to retain Mondal as an Advisor.
The above information is a part of company’s filings submitted to BSE.
