Delta Magnets has informed that the board of directors of the company at its meeting held on October 01, 2012, has approved the resignation of Capt. Rathakar Barick from the directorship of the company with effect from September 30, 2012 and appointment of Ram Shroff as managing director and executive vice chairman and Darius Khambatta as additional director of the company with effect from October 01, 2012.
The above information is a part of company's filings submitted to BSE.