Facor Alloys Ltd has informed that the Board of Directors of the Company at its meeting held on August 17, 2007, has redesignated Mr. R K Saraf, Vice Chairman & Managing Director of the Company as Chairman & Managing Director of the Company.
Further the Company has informed that, Mr. M D Saraf, Vice Chairman & Whole time Director of the Company has resigned w.e.f. August 11, 2007 from Executive Directorship of the Company. However, he will continue as a Non-Executive Director on the Board of Directors of the Company.
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