SVP Global Ventures Limited announced that at the board meeting held on January 15, 2016, the board appointed Mr. Veera Subba Reddy as an independent director, chairman of audit committee, nomination committee and remuneration committee, shareholders grievance committee and risk management committee with effect from January 15, 2016. The board also approved the resignation of Mr. Narendra Mansingka from the directorship with effect from January 15, 2016.