Accel Frontline has informed that at the meeting of the Board of Directors of the Company held on December 05, 2014, Raj Khalid has been appointed as an Additional Non Executive Independent Director of the Company with effect from December 05, 2014. The Board has also noted the intimation received from the promoters of the Company that they are planning to divest their stake so as to achieve Minimum Public Shareholding norms in terms of Rule 19A of the Securities Contracts (Regulation) Rules, 1957 and comply with clause 40A of the Listing Agreement.
The above information is a part of company’s filings submitted to BSE.
