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Gujarat Foils has informed that the board of directors of the company at its meeting held on July 10, 2012, has appointed Rahul B. Chhajed as an independent director on the board of the company with effect from July 10, 2012 andfurther accepted the resignation of Pradeep Jagdish Saxena as director and Vijay Chadha as whole time director of the company with effect from July 10, 2012.

The above information is a part of company's filings submitted to BSE.

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