Artefact Projects Ltd. announced that the board of directors of the company at its meeting held on October 13, 2015, has considered the following business: Accepted resignation of Mr. Manoj Balkrishna Shah, Managing Director and Mr. Nileshkumar Jain, Chief Financial Officer of the company with effect from October 13, 2015. Re-designated Mr. Pankaj Balkrishna Shah from whole-time director to non-executive director of the company with effect from October 13, 2015.