Worldwide Leather Exports Limited at its board meeting held on July 28, 2017, approved the appointment of Mr. Parag Jain, Mr. Abhishek Jain and Mr. Punita Jain as Additional Directors with effect from July 28, 2017. The company also announced that Mr. Anil Agarwal, Chairman & Managing Director ('CMD') has voluntarily resigned from the post of CMD and Mrs. Renu Agarwal, Director of the company has voluntarily resigned from the post of Directorship with effect from July 28, 2017. Mr. Parag Jain and Mr. Abhishek Jain, (New Directors on the Board) have been appointed/designated as a Managing Director and Joint Managing Director of the Company respectively in the Board Meeting held on July 28, 2017, subject to the approval of the Shareholders in the upcoming General Meeting.

The company reconstituted the audit committee and the members are: Parag Jain, Harish Kansal and Mahesh Agarwal. The nomination and remuneration committee members are: Punita Jain, Harish Kansal and Mahesh Agarwal and Stakeholders relationship committee members are: Punita Jain - Chairman, and Harish Kansal and Mahesh Agarwal and Abhsihek Jain as members.