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Valuemart Info Technologies accepts resignation of MD

24 Sep 2012 Evaluate
Valuemart Info Technologies has informed that the board of directors of the company at its meeting held on September 22, 2012, has considered and approved the outcome of the fifteenth annual general meeting of the shareholders of the company held on September 22, 2012.

Further, the board accepted resignation of Karni Singh Deval as managing director from the board of directors with immediate effect and appointment of C. K. Vasudevan as the managing director of the company in the existing vacancy. The board of directors further decided to fix the term and remuneration of the managing director at the next meeting.

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

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