Shriram Asset Management Company has informed that the board of directors of the company at its meeting held on February 10, 2012, passed the resolution for appointment of Akhilesh Kumar Singh as the managing director of the company effective from February 14, 2012, in place of R. Sundararajan. However, R. Sundararajan will continue to act as the director of the company.
The above information is part of company’s filing submitted to the BSE.