Rainbow Denim has informed that the board of directors of the company at its meeting held on May 30, 2012, Satinderjit Singh Arora has not been reappointed as the whole time director of the company. Accordingly he has ceased to be the whole time director with effect from close of business hours on May 31, 2012.
Further the company has informed that, Satinderjit Singh Arora will, continue as a director on the board of directors of the company.
The above information is a part of company's filings submitted to BSE