Sungold Capital has informed that the board of directors of the company at its meeting held on June 28, 2012, has considered and approved the re-appointment of Rajiv Kotia as the managing director of the company for the period of 5 years with effect from June 30, 2012 on the terms and conditions including expressly the remuneration and perquisites payable to him as managing directors.
The above information is a part of company's filings submitted to BSE.