Sahyadri Industries Limited at board meeting held on October 08, 2020 approved resignation of Mr. Vallabhbhai Laljibhai Patel from the post of Executive (Whole time) Director and Chairman of the Company, effective from 08th October 2020. The company also approved appointment of Mr. Jayesh Patel as an Executive Chairman and Whole time Director effective from 08th October 2020. He has more than 20 years of rich and dedicated Business Management experience in the field of building material manufacturing. Mr. Jayesh Patel is promoter and cousin of Mr. Satyen Patel, Managing Director of the Company; appointment of Mr. Tuljaram Maheshwari as an Additional (Executive Whole time) Director. He has a varied and rich experience of 38 years with large organizations in the field of strategic planning, general administration, corporate finance, accounts and audit, sales and marketing operations, joint ventures, mergers and acquisitions etc. Presently Mr. Tuljaram Maheshwari is serving as CEO & CFO of the Company. After this appointment Mr. Maheshwari has become Additional (Whole time) director, CEO and CFO of the Company. Mr. Tuljaram Maheshwari is not debarred from holding the office of director by virtue of any SEBI order or as per Companies Act 2013 or any other such authority and is not related to promoter of the Company; appointment of Mr. Suresh U Joshi as an Additional (Executive Whole time) Director. Mr. S.U. Joshi has rich experience of 40 years in the field of taxation, Corporate Legal matters, corporate finance, accounts and audit, joint ventures, mergers and acquisitions etc. Mr. Suresh Joshi is not debarred from holding the office of director by virtue of any SEBI order or as per Companies Act 2013 or any other such authority and is not related to promoter of the Company and appointment of Mr. Vijay I Bhatia as an Additional (Independent) Director. Mr. V.I. Bhatia He has over 30 years of experience in the field of taxation, risk management, international tax planning, business structuring and off shore fund structuring. Mr. Vijay I Bhatia is not debarred from holding the office of director by virtue of any SEBI order or as per Companies Act 2013 or any other such authority and is not related to promoter of the Company.