Swadeshi Industries & Leasing appoints director

Swadeshi Industries & Leasing has informed that the board of directors of the company at its meeting held on December 26, 2012, has approved preferential issue of shares towards raising of additional capital by the company pursuant to Section 81(1A) of the Companies Act, 1956 and as per the SEBI (Issue of Capital and Disclosure Requirement) Regulation, 2009.

Further, the board approved appointment of Amit Vinod Agarwal as a director of the company with effect from December 26, 2012 and resignation of Rahul Parasmal Nahata from directorship of the company with effect from December 26, 2012.

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