Ashok Alco Chem Ltd. announced that the term of Mr. Sridhar Chari as Whole-time Director of the company, was due to expire on March 24, 2016. Further, Mr. Chari had intimated to the company his unwillingness to continue as Director, post completion of his term of Whole Time Director of the company. Consequent to the above, Mr. Sridhar Chari ceased as Director /Whole Time Director and Key Managerial Personnel (KMP) of the company, effective March 25, 2016.