IL&FS Investsmart Ltd has informed that the Board of Directors of the Company at its meeting held on July 25, 2007, inter alia, has taken the following decisions:
1. Mr. Girish Nadkarni, Executive Director - Investment Banking & Institutional Equity Business, has indicated his desire to step down
The Board has accepted the resignation of Mr. Girish Nadkarni w.e.f. the closure of the working hours on July 31, 2007.
2. Mr. Arun Saha, Vice-Chairman, has indicated his desire to step down as Vice-Chairman of the Company on account of his other pre-occupations
The Board has accepted the resignation of Mr. Arun Saha as Vice-Chairman of the Company w.e.f. the closure of the working hours on July 25, 2007. Mr. Saha would continue on the Board as a director of the Company.
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