Cil Securities Ltd. has informed that the Board took note of the resignation tendered by Mr. M. P. Murthy, Mr. V. B. Purnaiah and Mr. R. N. Joshi as Independent Directors effective from the close of business hours of the date of the Board Meeting held on February 07, 2015. The Board, has also appointed Mr. Budhi Prakash Toshniwal, as Additional Independent Director of the company with effect from February 07, 2015 subject to approval by the shareholders.