Schablona India Ltd. has informed that the Board of Directors of the company at its meeting held on July 23, 2015, approved Mr. Rakesh Kumar Borar, Independent Director on the Board of the Company has resigned from the Board of Directors of the company vide his letter dated July 18, 2015, with effect from that date that is July 18, 2015. Mr. Vinod Kumar Karwa is appointed as an Additional Director, designated as Independent Director on the Board of Directors of the Company with immediate effect, that is from July 23, 2015.