V-Guard Industries has informed that P. G. R. Prasad, chairman of the board of the company has resigned from the board effective from November 01, 2012 and Kochouseph Chittilappilly currently occupying the position of vice - chairman has been re-designated as chairman of the company with effect from November 01, 2012.
Further, the board also appointed Cherian N. Punnoose, Chartered Accountant, as an independent director and he has also been appointed as the vice chairman of the board. Cherian N. Punnoose had served as an advisor of finance and director of Kochi Refineries Ltd., a subsidiary of Bharat Petroleum Corp. Ltd and also served as a director of Petronet CCK Ltd.
The above information is a part of company's filings submitted to BSE.