Indian Extractions Ltd. announced that Shantilal B. Jhaveri has resigned from the office of Chairman and Managing Director of the company with effect from August 08, 2014. Priyam S. Jhaveri has been re-designated as Chairman and Managing Director of the company with effect from August 08, 2014. Gayatri P. Jhaveri has been appointed as an Additional Director of the company in terms of Section 161(1) of the Companies Act, 2013 with effect from August 08, 2014 subject to the shareholders approval in the ensuing Annual General Meeting.