Al Kamil Power Company SAOG advised that the Board of Directors have by a written resolution by circulation dated 3 November 2014 agreed to accept resignation of Mr. Ajeet Walavalkar as the director of the company. The Board of Directors has also agreed to appoint Mr. Pradeep Asrani, a senior professional, as director in place of Ajeet Walavalkar. The Board of Directors has also agreed to appoint Mr. Pradeep Asrani as independent director on the Audit Committee in place of Mr. Ajeet Walavalkar.